|1||Civilian aircraft, parts||$1.04 B|
|2||Gasoline, other fuels||$960.87 M|
|3||Cell phones, related equipment||$644.78 M|
|5||Computer chips||$486.44 M|
|7||Medical instruments for surgeons, dentists, vets||$291.86 M|
|8||Orthopedic appliances, artificial body parts||$259.81 M|
|1||Value added to a returned import||$1.19 B|
|2||Computer chips||$541.28 M|
|3||Orthopedic appliances, artificial body parts||$441.75 M|
|4||Gasoline, other fuels||$438.12 M|
|5||Plasma, vaccines, blood||$427.16 M|
|6||Medical instruments for surgeons, dentists, vets||$375.48 M|
|7||Cell phones, related equipment||$367.55 M|
|8||Misc. mineral or chemical fertilizers||$350.39 M|
|9||Aircraft engines, engine parts||$312.73 M|
|10||Unrecorded media for audio||$246.09 M|
Port of New Orleans’s trade decreases 5.44 percent through February
Port of New Orleans’s trade with the world fell 5.44 percent, from $21.92 billion to $20.73 billion through the first two months of 2019 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of New Orleans ranked No. 8 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February of 2019.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of New Orleans’s top trade parters were No. 1 Canada, No. 2 Germany, No. 3 Mexico, No. 4 United Kingdom and No. 5 China . Through the same period of the previous year, the top trade partners were held by Canada, China, Germany, Mexico and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 5.69 percent to $1.96 billion.
Exports rose 0.77 percent to $1.22 billion. Imports fell 14.82 percent to $731.92 million.
- Trade with No. 2 Germany rose 7.21 percent to $1.79 billion.
Exports rose 4.07 percent to $765.36 million. Imports rose 9.69 percent to $1.02 billion.
- Trade with No. 3 Mexico rose 13.08 percent to $1.25 billion.
Exports rose 16.17 percent to $806.42 million. Imports rose 7.83 percent to $440.17 million.
- Trade with No. 4 United Kingdom rose 19.02 percent to $1.21 billion.
Exports rose 22.17 percent to $577.88 million. Imports rose 16.28 percent to $631.16 million.
- Trade with No. 5 China fell 43.53 percent to $1.15 billion.
Exports fell 52.76 percent to $368.86 million. Imports fell 37.78 percent to $779.7 million.
Port of New Orleans’s top five trading partners through February accounted for 35.43 percent of its trade with the world.
Port of New Orleans had trade surpluses with 133 countries and deficits with 73 through February. That compares with 124 surpluses and 86 deficits for the same period one year earlier. The top three surpluses through February of this year were with Canada, $491.24 million; Hong Kong, $384.13 million; and Mexico, $366.25 million. The top three deficits through February of this year were with Ireland, $549.46 million; Malaysia, $452.16 million; and Russia, $451.95 million.
Through February it’s top exports were Civilian aircraft, parts; Gasoline, other fuels; Cell phones, related equipment; Soybeans; and Computer chips, in that order. Those accounted for 35.67 percent of its total outbound trade. The Port’s top imports were Value added to a returned import; Computer chips; Orthopedic appliances, artificial body parts; Gasoline, other fuels; and Plasma, vaccines, blood, accounting for 29.74 percent of all inbound shipments.
Looking more closely at Port of New Orleans’s exports:
- Civilian aircraft, parts rose 27.02 percent compared to last year to $1.04 billion.
- Gasoline, other fuels fell 30.78 percent compared to last year to $960.87 million.
- Cell phones, related equipment rose 24.32 percent compared to last year to $644.78 million.
- Soybeans fell 31.65 percent compared to last year to $618.58 million.
- Computer chips rose 0.58 percent compared to last year to $486.44 million.
On the import side:
- Value added to a returned import fell 4.41 percent compared to last year to $1.19 billion.
- Computer chips fell 27.5 percent compared to last year to $541.28 million.
- Orthopedic appliances, artificial body parts fell 10.11 percent compared to last year to $441.75 million.
- Gasoline, other fuels fell 32.46 percent compared to last year to $438.12 million.
- Plasma, vaccines, blood rose 857.92 percent compared to last year to $427.16 million.
Last year Port of New Orleans posted total trade with the world of $114.16 billion. The Port’s surplus was $1.33 billion . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $57.74 billion and imports came to $56.42 billion.