|1||Civilian aircraft, parts||$2.82 B|
|2||Gasoline, other fuels||$2.36 B|
|3||Cell phones, related equipment||$1.61 B|
|6||Computer chips||$1.21 B|
|7||Medical instruments||$921.84 M|
|9||Orthopedic appliances, artificial body parts||$581.44 M|
|10||Soybean oilcake, other solid residue, not ground||$456.87 M|
|1||Returned exports, without change||$2.57 B|
|2||Computer chips||$1.85 B|
|3||Plasma, vaccines, blood||$1.47 B|
|4||Cell phones, related equipment||$1.06 B|
|5||Gasoline, other fuels||$911.91 M|
|6||Orthopedic appliances, artificial body parts||$831.32 M|
|7||Medical instruments||$830.83 M|
|9||Digital storage devices||$556.51 M|
|10||Misc. aircraft parts||$507.06 M|
Port of New Orleans’s trade decreases 6.7 percent through May
Port of New Orleans’s trade with the world fell 6.7 percent, from $54.83 billion to $51.16 billion through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of New Orleans ranked No. 8 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through May Port of New Orleans’s top trade partners were No. 1 Canada, No. 2 Germany, No. 3 United Kingdom, No. 4 China and No. 5 Mexico. Through the same period of the previous year, the top trade partners were held by Canada, Germany, United Kingdom, Mexico and China, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 8.77 percent to $4.71 billion.
Exports fell 12.68 percent to $2.74 billion. Imports fell 2.74 percent to $1.98 billion.
- Trade with No. 2 Germany fell 12.13 percent to $3.8 billion.
Exports fell 11.63 percent to $1.57 billion. Imports fell 12.47 percent to $2.23 billion.
- Trade with No. 3 United Kingdom fell 1.99 percent to $3.42 billion.
Exports fell 2.15 percent to $1.73 billion. Imports fell 1.82 percent to $1.69 billion.
- Trade with No. 4 China rose 7.37 percent to $3.34 billion.
Exports rose 30.98 percent to $1.27 billion. Imports fell 3.35 percent to $2.07 billion.
- Trade with No. 5 Mexico fell 11.39 percent to $2.85 billion.
Exports fell 13.73 percent to $1.76 billion. Imports fell 7.34 percent to $1.09 billion.
Port of New Orleans’s top five trading partners through May accounted for 35.42 percent of its trade with the world.
Port of New Orleans had trade surpluses with 141 countries and deficits with 79 through May. That compares with 135 surpluses and 81 deficits for the same period one year earlier. The top three surpluses through May of this year were with The Netherlands, $1.11 billion; Singapore, $903.86 million; and Hong Kong, $791.64 million. The top three deficits through May of this year were with Ireland, $1.54 billion; Malaysia, $1.2 billion; and Russia, $879.04 million.
Through May its top exports were Civilian aircraft, parts; Gasoline, other fuels; Cell phones, related equipment; Soybeans; and Corn, in that order. Those accounted for 36.38 percent of its total outbound trade. The Port’s top imports were Returned exports, without change; Computer chips; Plasma, vaccines, blood; Cell phones, related equipment; and Gasoline, other fuels, accounting for 31.68 percent of all inbound shipments.
Looking more closely at Port of New Orleans’s exports:
- Civilian aircraft, parts fell 2.14 percent compared to last year to $2.82 billion.
- Gasoline, other fuels fell 18.81 percent compared to last year to $2.36 billion.
- Cell phones, related equipment rose 3.45 percent compared to last year to $1.61 billion.
- Soybeans rose 24.96 percent compared to last year to $1.46 billion.
- Corn rose 7.84 percent compared to last year to $1.34 billion.
On the import side:
- Returned exports, without change fell 14.24 percent compared to last year to $2.57 billion.
- Computer chips rose 3.97 percent compared to last year to $1.85 billion.
- Plasma, vaccines, blood rose 19.65 percent compared to last year to $1.47 billion.
- Cell phones, related equipment fell 0.08 percent compared to last year to $1.06 billion.
- Gasoline, other fuels fell 29.8 percent compared to last year to $911.91 million.
Last year Port of New Orleans posted total trade with the world of $132.2 billion. The Port’s surplus was $3.4 billion. Exports totaled $67.8 billion and imports came to $64.4 billion.