| March 2012 |
Total Exports From New Orleans
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Oil, not crude | $4,315,793,859 |
2 | Soybeans, whether broken or not | $3,412,748,428 |
3 | Corn | $1,615,060,916 |
4 | Aircraft | $1,126,282,953 |
5 | Electronic integrated circuits | $973,936,334 |
6 | Coal, briquettes | $569,153,070 |
7 | Wheat, meslin | $448,046,286 |
8 | Computers | $447,731,143 |
9 | Medical instruments for surgeons, dentists, vets | $391,007,414 |
10 | Landline, cellular phone equipment | $370,748,057 |
Total Imports To New Orleans
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Oil | $14,307,734,330 |
2 | Oil, not crude | $2,742,642,868 |
3 | Computers | $1,014,629,007 |
4 | Electronic integrated circuits | $731,418,336 |
5 | Landline, cellular phone equipment | $704,405,004 |
6 | Orthopedic appliances, artificial body parts | $663,491,435 |
7 | Medicine | $654,934,201 |
8 | Motor vehicle parts | $537,913,235 |
9 | Computer parts | $477,361,132 |
10 | Nitrogenous fertilizers | $455,373,386 |
| March 2012 |
Top New Orleans Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CHINA | $6,973,503,581 |
2 | SAUDI ARABIA | $5,007,672,193 |
3 | MEXICO | $3,823,472,633 |
4 | VENEZUELA | $3,665,184,059 |
5 | JAPAN | $3,228,579,576 |
6 | CANADA | $2,566,082,860 |
7 | GERMANY | $1,949,468,407 |
8 | KUWAIT | $1,878,798,186 |
9 | UNITED KINGDOM | $1,727,140,671 |
10 | RUSSIA | $1,692,488,362 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
New Orleans’s trade increases 0.21 percent through March
New Orleans’s trade with the world rose to $58,494,827,992 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 0.21 percent increases the Customs district’s total trade during the same time period last year. The district’s exports decreased -0.01 percent while imports rose 0.35 percent.
Through March the district’s top trade partners were No. 1 China, No. 2 Saudi Arabia, No. 3 Mexico, No. 4 Venezuela and No. 5 Japan. Through the first three months of the last year, top five spots were held by China, Mexico, Saudi Arabia, Venezuela and Japan, respectively.
Taking a closer look at the leading trade partners with New Orleans:
- No.1 China’s trade rose 3.13 percent to $6,973,503,581.
Exports fell -7.12 percent to $2,817,352,273. Imports rose 11.46 percent to $4,156,151,308. - No.2 Saudi Arabia’s trade rose 14.17 percent to $5,007,672,193.
Exports fell -36.28 percent to $133,367,688. Imports rose 16.70 percent to $4,874,304,505. - No.3 Mexico’s trade fell -17.97 percent to $3,823,472,633.
Exports rose 11.31 percent to $1,812,444,034. Imports fell -33.70 percent to $2,011,028,599. - No.4 Venezuela’s trade rose 29.71 percent to $3,665,184,059.
Exports rose 86.30 percent to $356,471,371. Imports rose 25.60 percent to $3,308,712,688. - No.5 Japan’s trade rose 21.26 percent to $3,228,579,576.
Exports rose 20.39 percent to $1,552,120,805. Imports rose 22.08 percent to $1,676,458,771.
New Orleans’s top five trading partners through March accounted for 38.8 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.
New Orleans had trade surpluses with 120 countries and deficits with 95 through March. That compares with 120 surpluses and 89 deficits for the same period one year earlier. The top three surpluses through March of this year were with Netherlands, $871,634,182; Canada, $717,529,626; and Singapore, $443,082,689. The top three deficits were with Saudi Arabia ($4,740,936,817), Venezuela ($2,952,241,317) and Kuwait ($1,849,799,678).
Meanwhile, total U.S. trade increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700 as imports rose 5.09 percent to $43,800,507,934. The nation’s top five trade districts so far this year, by value, are New York City, Los Angeles, Houston, Detroit and Laredo. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
New Orleans’s top five exports by value through March were oil, not crude; soybeans, whether broken or not; corn; aircraft; and electronic integrated circuits, in that order. Those accounted for 51.18 percent of its total outbound trade. The value of the district’s top five imports, oil, oil, not crude, computers and electronic integrated circuitslandline, cellular phone equipment and , accounted for 53.97 percent of all inbound shipments.
Looking more closely at New Orleans exports:
- Oil, not crude rose 14.03 percent compared to last year to $4,315,793,859.
- Soybeans, whether broken or not fell -19.88 percent compared to last year to $3,412,748,428.
- Corn fell -12.21 percent compared to last year to $1,615,060,916.
- Aircraft rose 22.64 percent compared to last year to $1,126,282,953.
- Electronic integrated circuits rose 16.45 percent compared to last year to $973,936,334.
On the import side:
- Oil fell -7.56 percent compared to last year to $14,307,734,330.
- Oil, not crude rose 51.10 percent compared to last year to $2,742,642,868.
- Computers rose 67.63 percent compared to last year to $1,014,629,007.
- Electronic integrated circuits fell -24.40 percent compared to last year to $731,418,336.
- Landline, cellular phone equipment fell -28.76 percent compared to last year to $704,405,004.
Last year the New Orleans district posted total trade with the world of $234,450,210,650. The district’s deficit was $-66,711,766,744. At year end, the region’s top five partners were China, Saudi Arabia, Mexico, Venezuela and Japan. Exports totaled $83,869,221,953 and imports came to $150,580,988,697.