|1||Civilian aircraft, parts||$3.59 B|
|2||Gasoline, other fuels||$2.79 B|
|3||Cell phones, related equipment||$2.24 B|
|6||Computer chips||$1.67 B|
|7||Medical instruments||$1.23 B|
|9||Orthopedic appliances, artificial body parts||$792.89 M|
|10||Soybean oilcake, other solid residue, not ground||$697.12 M|
|1||Returned exports, without change||$3.4 B|
|2||Computer chips||$2.45 B|
|3||Plasma, vaccines, blood||$1.9 B|
|4||Cell phones, related equipment||$1.6 B|
|5||Orthopedic appliances, artificial body parts||$1.18 B|
|6||Medical instruments||$1.17 B|
|7||Gasoline, other fuels||$1.13 B|
|9||Digital storage devices||$829.72 M|
|10||Misc. aircraft parts||$669.71 M|
Port of New Orleans’s trade decreases 8.83 percent through July
Port of New Orleans’s trade with the world fell 8.83 percent, from $76.2 billion to $69.47 billion through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of New Orleans ranked No. 7 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 8. It finished No. 8 in the last full year.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July Port of New Orleans’s top trade partners were No. 1 Canada, No. 2 Germany, No. 3 China, No. 4 United Kingdom and No. 5 Mexico. Through the same period of the previous year, the top trade partners were held by Canada, Germany, United Kingdom, China and Mexico, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 22.91 percent to $5.56 billion.
Exports fell 25.15 percent to $3.24 billion. Imports fell 19.54 percent to $2.31 billion.
- Trade with No. 2 Germany fell 24.27 percent to $4.43 billion.
Exports fell 23.09 percent to $1.81 billion. Imports fell 25.06 percent to $2.62 billion.
- Trade with No. 3 China fell 15.27 percent to $4.05 billion.
Exports fell 11.66 percent to $1.56 billion. Imports fell 17.39 percent to $2.49 billion.
- Trade with No. 4 United Kingdom fell 23.3 percent to $3.91 billion.
Exports fell 26.9 percent to $1.92 billion. Imports fell 19.5 percent to $1.99 billion.
- Trade with No. 5 Mexico fell 22.69 percent to $3.32 billion.
Exports fell 26 percent to $1.99 billion. Imports fell 17.15 percent to $1.33 billion.
Port of New Orleans’s top five trading partners through July accounted for 35.25 percent of its trade with the world.
Port of New Orleans had trade surpluses with 146 countries and deficits with 78 through July. That compares with 136 surpluses and 85 deficits for the same period one year earlier. The top three surpluses through July of this year were with The Netherlands, $1.23 billion; Singapore, $1.04 billion; and United Arab Emirates, $943.26 million. The top three deficits through July of this year were with Ireland, $1.74 billion; Malaysia, $1.37 billion; and Russia, $935.76 million.
Through July its top exports were Civilian aircraft, parts; Gasoline, other fuels; Cell phones, related equipment; Soybeans; and Corn, in that order. Those accounted for 34.67 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 Orthopedic appliances, artificial body parts, accounting for 30.89 percent of all inbound shipments.
Looking more closely at Port of New Orleans’s exports:
- Civilian aircraft, parts fell 12.8 percent compared to last year to $3.59 billion.
- Gasoline, other fuels fell 33.56 percent compared to last year to $2.79 billion.
- Cell phones, related equipment rose 1.88 percent compared to last year to $2.24 billion.
- Soybeans rose 0.25 percent compared to last year to $1.85 billion.
- Corn rose 17.67 percent compared to last year to $1.8 billion.
On the import side:
- Returned exports, without change fell 18.48 percent compared to last year to $3.4 billion.
- Computer chips fell 9.53 percent compared to last year to $2.45 billion.
- Plasma, vaccines, blood rose 19.6 percent compared to last year to $1.9 billion.
- Cell phones, related equipment rose 8.6 percent compared to last year to $1.6 billion.
- Orthopedic appliances, artificial body parts fell 22.17 percent compared to last year to $1.18 billion.
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.