Top Port Arthur, Texas Trading Partners

Top US Trading Partners

Port Arthur, Texas’s trade increases 30.60 percent through March

Port Arthur, Texas’s trade with the world rose to $11,842,593,959 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 30.60 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 46.79 percent while imports rose 25.90 percent.

Through March the district’s top trade partners were No. 1 Mexico, No. 2 Saudi Arabia, No. 3 Colombia, No. 4 Algeria and No. 5 Venezuela. Through the first three months of the last year, top five spots were held by Mexico, Saudi Arabia, Algeria, Venezuela and Iraq, respectively.

Taking a closer look at the leading trade partners with Port Arthur, Texas:

• No.1 Mexico’s trade rose 63.79 percent to $4,545,169,738.
  Exports rose 16.80 percent to $930,868,095. Imports rose 82.72 percent to $3,614,301,643.
• No.2 Saudi Arabia’s trade rose 58.84 percent to $1,513,245,932.
  Exports rose 46,808.14 percent to $3,584,720. Imports rose 58.47 percent to $1,509,661,212.
• No.3 Colombia’s trade rose 69.33 percent to $784,554,365.
  Exports rose 32.60 percent to $32,345,582. Imports rose 71.37 percent to $752,208,783.
• No.4 Algeria’s trade rose 6.51 percent to $727,139,111.
  Exports fell to $0. The total for the comparable period in 2011 was $0 so a percentage cannot be calculated. Imports rose 6.51 percent to $727,139,111.
• No.5 Venezuela’s trade fell -8.74 percent to $621,778,975.
  Exports rose 33.93 percent to $47,319,339. Imports fell -11.08 percent to $574,459,636.

Port Arthur, Texas’s top five trading partners through March accounted for 69.17 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.

Port Arthur, Texas had trade surpluses with 39 countries and deficits with 24 through March. That compares with 34 surpluses and 33 deficits for the same period one year earlier. The top three surpluses through March of this year were with Netherlands, $490,042,281; Costa Rica, $231,142,258; and Spain, $161,324,760. The top three deficits were with Mexico ($2,683,433,548), Saudi Arabia ($1,506,076,492) and Algeria ($727,139,111).

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.

Port Arthur, Texas’s top five exports by value through March were oil, not crude; ethers, ether-alcohols, alcohol peroxides etc.; petroleum products; wheat, meslin; and cyclic hydrocarbons, in that order. Those accounted for 93.80 percent of its total outbound trade. The value of the district’s top five imports, oil, oil, not crude, ammonia and petroleum gases, other gaseous hydrocarbonschemical woodpulp, not dissolving grade and , accounted for 99.04 percent of all inbound shipments.

Looking more closely at Port Arthur, Texas exports:

• Oil, not crude rose 84.32 percent compared to last year to $2,321,359,704.
• Ethers, ether-alcohols, alcohol peroxides etc. rose 35.21 percent compared to last year to $227,662,719.
• Petroleum products fell -18.79 percent compared to last year to $112,787,389.
• Wheat, meslin fell -63.17 percent compared to last year to $76,257,491.
• Cyclic hydrocarbons rose 55.20 percent compared to last year to $71,903,776.

On the import side:

• Oil rose 34.96 percent compared to last year to $8,249,931,078.
• Oil, not crude fell -36.97 percent compared to last year to $403,118,283.
• Ammonia fell -4.80 percent compared to last year to $44,934,721.
• Petroleum gases, other gaseous hydrocarbons fell -39.86 percent compared to last year to $34,654,485.
• Chemical woodpulp, not dissolving grade fell -20.87 percent compared to last year to $28,935,036.

Last year the Port Arthur, Texas district posted total trade with the world of $44,280,252,690. The district’s deficit was $-22,748,762,198. At year end, the region’s top five partners were Mexico, Saudi Arabia, Algeria, Colombia and Venezuela. Exports totaled $10,765,745,246 and imports came to $33,514,507,444.