| March 2013 |
Top Exports From Laredo
Total Exports From Laredo: $26,193,349,456| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | Motor vehicle parts | $3,106,353,716 |
| 2 | Oil, not crude | $625,317,950 |
| 3 | Landline, cellular phone equipment | $585,931,861 |
| 4 | Motor vehicles for transporting people | $583,884,043 |
| 5 | Polymers of ethylene | $418,604,059 |
| 6 | Electrical supplies, apparatus, less than 1000V | $381,749,257 |
| 7 | Insulated wire, cable | $340,921,624 |
| 8 | Electronic integrated circuits | $334,005,991 |
| 9 | Petroleum gases, other gaseous hydrocarbons | $328,683,447 |
| 10 | Engine parts | $326,609,879 |
Top Imports To Laredo
Total Imports To Laredo: $32,890,331,883| Rank | Commodity | Total YTD |
|---|---|---|
| 1 | Motor vehicle parts | $3,440,816,507 |
| 2 | Motor vehicles for transporting goods | $2,554,781,056 |
| 3 | Motor vehicles for transporting people | $1,964,793,460 |
| 4 | Landline, cellular phone equipment | $1,841,714,799 |
| 5 | Tractors | $1,015,840,647 |
| 6 | Seats, excluding barber, dental | $927,425,369 |
| 7 | Insulated wire, cable | $890,336,813 |
| 8 | Silver, various forms | $608,404,924 |
| 9 | Refrigerators, freezers | $593,183,449 |
| 10 | Imports of returned exports | $578,846,144 |
| March 2013 |
Top Laredo Trading Partners
Total Laredo trade: $59,083,681,339| Rank | Country | Total YTD |
|---|---|---|
| 1 | MEXICO | $56,594,750,178 |
| 2 | CHINA | $950,325,820 |
| 3 | MALAYSIA | $189,362,731 |
| 4 | JAPAN | $137,499,067 |
| 5 | COLOMBIA | $137,351,808 |
| 6 | NICARAGUA | $106,067,946 |
| 7 | THAILAND | $103,726,471 |
| 8 | UNITED KINGDOM | $100,029,186 |
| 9 | ITALY | $97,073,167 |
| 10 | GERMANY | $69,564,376 |
Top US Trading Partners
Total U.S. trade for all countries: $919,560,909,009| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | CANADA | $154,229,781,187 |
| 2 | CHINA | $125,331,233,626 |
| 3 | MEXICO | $120,297,325,224 |
| 4 | JAPAN | $50,070,697,561 |
| 5 | GERMANY | $37,936,556,982 |
| 6 | SOUTH KOREA | $25,435,797,164 |
| 7 | UNITED KINGDOM | $24,776,181,741 |
| 8 | FRANCE | $17,448,501,187 |
| 9 | BRAZIL | $16,436,596,270 |
| 10 | SAUDI ARABIA | $15,342,397,281 |
Laredo’s trade increases 0.84 percent through March
Laredo’s trade with the world rose to $59,083,681,339 through the first three months of 2013, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 0.84 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 0.17 percent while imports rose 1.38 percent.
Through March the district’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 Malaysia, No. 4 Japan and No. 5 Colombia. Through the first three months of the last year, top five spots were held by Mexico, China, Malaysia, Japan and Thailand, respectively.
Taking a closer look at the leading trade partners with Laredo:
- No.1 Mexico’s trade rose 0.48 percent to $56,594,750,178.
Exports fell -0.22 percent to $25,953,929,471. Imports rose 1.09 percent to $30,640,820,707. - No.2 China’s trade rose 25.58 percent to $950,325,820.
Exports rose 69.44 percent to $3,330,299. Imports rose 25.47 percent to $946,995,521. - No.3 Malaysia’s trade fell -19.31 percent to $189,362,731.
Exports rose 88.75 percent to $799,533. Imports fell -19.50 percent to $188,563,198. - No.4 Japan’s trade fell -4.90 percent to $137,499,067.
Exports rose 8.17 percent to $984,141. Imports fell -4.99 percent to $136,514,926. - No.5 Colombia’s trade rose 1,233.36 percent to $137,351,808.
Exports rose 1,263.39 percent to $137,020,889. Imports rose 31.76 percent to $330,919.
Laredo’s top five trading partners through March accounted for 98.18 percent of its trade with the world. The U.S. average for the same period was 53.05 percent.
Laredo had trade surpluses with 35 countries and deficits with 82 through March. That compares with 32 surpluses and 83 deficits for the same period one year earlier. The top three surpluses through March of this year were with Colombia, $136,689,970; Guatemala, $31,090,522; and Panama, $10,247,759. The top three deficits were with Mexico ($4,686,891,236), China ($943,665,222) and Malaysia ($187,763,665).
Meanwhile, total U.S. trade decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307 as imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five trade districts so far this year, by value, are Los Angeles, New York City, Detroit, Laredo and New Orleans. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.
Laredo’s top five exports by value through March were motor vehicle parts; oil, not crude; landline, cellular phone equipment; motor vehicles for transporting people; and polymers of ethylene, in that order. Those accounted for 20.31 percent of its total outbound trade. The value of the district’s top five imports, , , and and , accounted for 0.00 percent of all inbound shipments.
Looking more closely at Laredo exports:
- Motor vehicle parts fell -0.95 percent compared to last year to $3,106,353,716.
- Oil, not crude fell -17.83 percent compared to last year to $625,317,950.
- Landline, cellular phone equipment fell -22.41 percent compared to last year to $585,931,861.
- Motor vehicles for transporting people rose 22.44 percent compared to last year to $583,884,043.
- Polymers of ethylene rose 0.74 percent compared to last year to $418,604,059.
On the import side:
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
Last year the Laredo district posted total trade with the world of $239,342,722,331. The district’s deficit was $-28,361,837,111. At year end, the region’s top five partners were Mexico, China, Malaysia, Japan and Italy. Exports totaled $105,490,442,610 and imports came to $133,852,279,721.