Top Exports From LaredoTotal Exports From Laredo: $83,223,121,515
|Rank||Commodity||Total YTD Exports|
|1||Motor vehicle parts||$9,691,065,824|
|2||Gasoline, other fuels||$2,171,317,162|
|3||Landline, cellular phone equipment||$2,071,923,000|
|4||Motor vehicles for transporting people||$1,798,284,737|
|6||Internal combustion piston engines, including airc||$1,274,962,029|
|7||Electrical supplies, apparatus, less than 1000V||$1,223,142,357|
|9||Petroleum gases, other gaseous hydrocarbons||$1,078,370,408|
Top Imports To LaredoTotal Imports To Laredo: $104,604,446,025
|Rank||Commodity||Total YTD Imports|
|1||Motor vehicle parts||$10,906,987,221|
|3||Landline, cellular phone equipment||$6,357,872,266|
|4||Motor vehicles for transporting people||$6,130,217,253|
|6||Seats, excluding barber, dental||$2,947,455,360|
|7||Insulated wire, cable||$2,797,758,708|
|9||Internal combustion engines, including aircraft||$1,930,749,916|
|10||Electrical boards, panels and switches||$1,783,604,348|
Top Laredo Trading PartnersTotal Laredo trade: $187,827,567,540
Top US Trading PartnersTotal U.S. trade for all countries: $2,859,968,863,042
Laredo’s trade increases 4.56 percent through September
Laredo’s trade with the world rose to $187.83 billion through the first nine months of 2013, according to WorldCity analysis of the latest U.S. Census Bureau data. That’s a 4.56 percent increase over the Customs district’s total trade during the same time period last year. The district’s exports increased 5.18 percent while imports rose 4.08 percent.
Through September the district’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 Malaysia, No. 4 Japan and No. 5 Thailand. Through the first nine months of the last year, top five spots were held by Mexico, China, Malaysia, Japan and Italy, respectively.
Taking a closer look at the leading trade partners with Laredo:
- No.1 Mexico’s trade rose 4.56 percent to $180.32 billion.
Exports rose 5.06 percent to $82.75 billion. Imports rose 4.14 percent to $97.57 billion.
- No.2 China’s trade rose 24.58 percent to $2.96 billion.
Exports rose 7.74 percent to $8.67 million. Imports rose 24.64 percent to $2.95 billion.
- No.3 Malaysia’s trade fell -1.86 percent to $667.41 million.
Exports fell -5.16 percent to $975,859. Imports fell -1.85 percent to $666.43 million.
- No.4 Japan’s trade fell -12.15 percent to $404.94 million.
Exports fell -30.49 percent to $3.21 million. Imports fell -11.97 percent to $401.73 million.
- No.5 Thailand’s trade rose 19.44 percent to $364.73 million.
Exports rose 6.20 percent to $197,142. Imports rose 19.45 percent to $364.54 million.
Laredo’s top five trading partners through September accounted for 98.35 percent of its trade with the world. The U.S. average for the same period was 53.31 percent.
Laredo had trade surpluses with 52 countries and deficits with 102 through September. That compares with 38 surpluses and 107 deficits for the same period one year earlier. The top three surpluses through September of this year were with Colombia, $177.76 million; Guatemala, $80.33 million; and Panama, $33.74 million. The top three deficits were with Mexico ($14.82 billion), China ($2.95 billion) and Malaysia ($665.46 million).
Meanwhile, total U.S. trade increased to $2.86 trillion, up 0.09 percent compared to the same period last year. The nation’s exports climbed 0.62 percent to $17.85 billion as imports dropped -0.54 percent to $15.37 billion. The nation’s top five trade districts so far this year, by value, are Los Angeles, New York City, Laredo, Houston and Detroit. The overall trade deficit was $520.55 billion, down compared to the same period of last year when the deficit was $553.77 billion.
Laredo’s top five exports by value through September were motor vehicle parts; gasoline, other fuels; landline, cellular phone equipment; motor vehicles for transporting people; and plastics, in that order. Those accounted for 20.55 percent of its total outbound trade. The value of the district’s top five imports, motor vehicle parts; commercial vehicles; landline, cellular phone equipment; motor vehicles for transporting people; and tractors, accounted for 34.17 percent of all inbound shipments.
Looking more closely at Laredo exports:
- Motor vehicle parts rose 2.85 percent compared to last year, to $9.69 billion.
- Gasoline, other fuels rose 7.98 percent compared to last year, to $2.17 billion.
- Landline, cellular phone equipment fell -9.90 percent compared to last year, to $2.07 billion.
- Motor vehicles for transporting people fell -3.46 percent compared to last year, to $1.8 billion.
- Plastics rose 9.76 percent compared to last year, to $1.37 billion.
On the import side:
- Motor vehicle parts rose 8.20 percent compared to last year, to $10.91 billion.
- Commercial vehicles rose 11.00 percent compared to last year, to $8.51 billion.
- Landline, cellular phone equipment rose 7.14 percent compared to last year, to $6.36 billion.
- Motor vehicles for transporting people rose 4.91 percent compared to last year, to $6.13 billion.
- Tractors rose 7.38 percent compared to last year, to $3.83 billion.
Last year the Laredo district posted total trade with the world of $239.34 billion. The district’s deficit was $28.36 billion. At the end of the year, the region’s top five partners were Mexico, China, Malaysia, Japan and Italy. Exports totalled $105.49 billion and imports came to $133.85 billion.