Top Phoenix/Nogales Trading Partners

Top US Trading Partners

Phoenix/Nogales’s trade increases 11.57 percent through March

Phoenix/Nogales’s trade with the world rose to $8,068,939,860 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 11.57 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 17.15 percent while imports rose 8.66 percent.

Through March the district’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 Costa Rica, No. 4 United Kingdom and No. 5 France. Through the first three months of the last year, top five spots were held by Mexico, Canada, China, France and United Kingdom, respectively.

Taking a closer look at the leading trade partners with Phoenix/Nogales:

• No.1 Mexico’s trade rose 13.93 percent to $7,229,838,746.
  Exports rose 15.32 percent to $2,634,472,790. Imports rose 13.14 percent to $4,595,365,956.
• No.2 China’s trade rose 1.95 percent to $157,648,921.
  Exports fell -84.51 percent to $4,484,789. Imports rose 21.87 percent to $153,164,132.
• No.3 Costa Rica’s trade rose 14,295.84 percent to $112,455,710.
  Exports rose 27,864.75 percent to $112,172,779. Imports fell -25.55 percent to $282,931.
• No.4 United Kingdom’s trade rose 16.45 percent to $112,339,538.
  Exports rose 7.41 percent to $58,838,256. Imports rose 28.34 percent to $53,501,282.
• No.5 France’s trade fell -18.09 percent to $81,892,190.
  Exports rose 2.19 percent to $12,837,198. Imports fell -21.00 percent to $69,054,992.

Phoenix/Nogales’s top five trading partners through March accounted for 95.36 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.

Phoenix/Nogales had trade surpluses with 58 countries and deficits with 69 through March. That compares with 44 surpluses and 66 deficits for the same period one year earlier. The top three surpluses through March of this year were with Costa Rica, $111,889,848; United Kingdom, $5,336,974; and Israel, $5,083,002. The top three deficits were with Mexico ($1,960,893,166), China ($148,679,343) and France ($56,217,794).

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.

Phoenix/Nogales’s top five exports by value through March were motor vehicle parts; copper ores and concentrates; landline, cellular phone equipment; electronic integrated circuits; and parts for electrical supplies, in that order. Those accounted for 30.24 percent of its total outbound trade. The value of the district’s top five imports, motor vehicles for transporting people, misc. fresh vegetables, tomatoes, fresh or chilled and insulated wire, cablerefined copper, alloys, unwrought and , accounted for 45.50 percent of all inbound shipments.

Looking more closely at Phoenix/Nogales exports:

• Motor vehicle parts fell -3.56 percent compared to last year to $231,694,261.
• Copper ores and concentrates rose 14.64 percent compared to last year to $202,244,757.
• Landline, cellular phone equipment rose 84.72 percent compared to last year to $175,961,568.
• Electronic integrated circuits rose 128.37 percent compared to last year to $155,561,521.
• Parts for electrical supplies rose 20.86 percent compared to last year to $113,390,387.

On the import side:

• Motor vehicles for transporting people rose 2.16 percent compared to last year to $1,079,648,842.
• Misc. fresh vegetables rose 44.07 percent compared to last year to $437,651,018.
• Tomatoes, fresh or chilled fell -11.17 percent compared to last year to $387,694,017.
• Insulated wire, cable rose 7.32 percent compared to last year to $245,774,579.
• Refined copper, alloys, unwrought rose 61.34 percent compared to last year to $198,041,826.

Last year the Phoenix/Nogales district posted total trade with the world of $28,876,823,165. The district’s deficit was $-7,938,711,669. At year end, the region’s top five partners were Mexico, China, United Kingdom, Canada and Germany. Exports totaled $10,469,055,748 and imports came to $18,407,767,417.