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February 13th, 2007
The United States’ energy hub has long powered growth in southeast Texas and 2006 was no exception. The Houston/Galveston Customs District handled $162.2 billion in imports and exports, an increase of 19 percent, according to WorldCity analysis of trade statistics released today by the U.S. Census Department.
The boost was enough to turn Houston into the nation’s fourth most important Customs district, pushing past Laredo, which posted $157.4 billion in trade. The 2006 results marked the second year in a row that Houston has bettered its standing. In 2005, it passed New Orleans to nab the No. 5 spot on the nation’s Customs district roster.
Los Angeles is the No. 1 Customs district, followed by New York and Detroit.
| 2006 | 2005 | Total Trade | 2006 | 2005 | Dollar Change | Percent change |
|---|---|---|---|---|---|---|
| All Districts | $2,892,262,227,012 | $2,579,432,153,064 | $312,830,073,948 | 12.13% | ||
| 1 | 1 | Los Angeles, California | $329,422,995,915 | $293,946,624,166 | $35,476,371,749 | 12.07% |
| 2 | 2 | New York City, New York | $295,007,419,490 | $267,585,279,284 | $27,422,140,206 | 10.25% |
| 3 | 3 | Detroit, Michigan | $238,504,923,059 | $229,933,862,350 | $8,571,060,709 | 3.73% |
| 4 | 5 | Houston, Texas | $162,184,758,421 | $136,451,170,833 | $25,733,587,588 | 18.86% |
| 5 | 4 | Laredo, Texas | $157,451,698,203 | $139,277,623,715 | $18,174,074,488 | 13.05% |
| 6 | 6 | New Orleans, Louisiana | $153,034,232,587 | $130,369,162,897 | $22,665,069,690 | 17.39% |
| 7 | 7 | Chicago, Illinois | $120,649,125,594 | $108,616,667,535 | $12,032,458,059 | 11.08% |
| 8 | 8 | Seattle, Washington | $119,894,432,431 | $100,551,731,987 | $19,342,700,444 | 19.24% |
| 9 | 9 | San Francisco, Calif. | $111,115,763,668 | $98,952,033,098 | $12,163,730,570 | 12.29% |
| 10 | 11 | Savannah, Georgia | $82,472,671,175 | $72,545,576,486 | $9,927,094,689 | 13.68% |
| 11 | 10 | Buffalo, New York | $82,246,675,402 | $77,601,557,864 | $4,645,117,538 | 5.99% |
| 12 | 12 | Cleveland, Ohio | $77,575,803,260 | $69,837,369,038 | $7,738,434,222 | 11.08% |
| 13 | 13 | Miami, Florida | $72,078,088,844 | $65,898,071,729 | $6,180,017,115 | 9.38% |
| 14 | 14 | Philadelphia, Pa. | $69,203,265,820 | $58,005,790,166 | $11,197,475,654 | 19.30% |
| 15 | 15 | Dallas, Texas | $58,278,924,487 | $49,599,138,296 | $8,679,786,191 | 17.50% |
| 16 | 17 | El Paso, Texas | $52,238,557,920 | $47,921,799,187 | $4,316,758,733 | 9.01% |
| 17 | 18 | San Diego, California | $50,772,885,681 | $43,392,364,988 | $7,380,520,693 | 17.01% |
| 18 | 16 | Charleston, S. Carolina | $49,271,746,203 | $48,045,072,031 | $1,226,674,172 | 2.55% |
| 19 | 20 | Norfolk, Virginia | $44,452,456,136 | $40,274,714,178 | $4,177,741,958 | 10.37% |
| 20 | 19 | Ogdensburg, New York | $44,415,271,961 | $41,436,225,861 | $2,979,046,100 | 7.19% |
| 21 | 22 | Great Falls, Montana | $40,259,076,408 | $36,820,331,881 | $3,438,744,527 | 9.34% |
| 22 | 21 | Baltimore, Maryland | $39,639,021,735 | $38,619,563,558 | $1,019,458,177 | 2.64% |
| 23 | 25 | Tampa, Florida | $37,667,053,486 | $29,465,119,589 | $8,201,933,897 | 27.84% |
| 24 | 23 | Low Value Shipments | $36,960,859,345 | $32,154,682,418 | $4,806,176,927 | 14.95% |
| 25 | 24 | Boston, Massachusetts | $33,269,907,132 | $32,071,776,690 | $1,198,130,442 | 3.74% |
Oil, petrochemicals and energy-industry equipment made up the bulk of Houston’s trade, although imports of flat-rolled iron and unrefined copper products saw triple-digit growth and electrical equipment for line telephony emerged as one of the fastest-growing exports, closing the year at $1.1 billion, a jump of 70 percent over 2005.
Oil-rich Mexico and Venezuela remained Houston’s most important trade partners in 2006, but China displaced Nigeria in third place. Trade with the Asian powerhouse jumped nearly 43 percent to close the year at $1.8 billion.
Among Houston’s Top 30 partners, Algeria’s trade grew the fastest, jumping 56 percent to nearly $6 billion. That follows a 43 percent trade jump in 2005.
“Unlike some other OPEC producers, Algeria has welcomed foreign investors,” said WorldCity Editor Mary Dempsey. “Houston’s Anadarko Petroleum, Burlington Resources and Halliburton have all been involved in developing Algeria’s oil and gas sector.”
Other 2006 trade highlights:
Two countries Mexico and Venezuela accounted for more than 20 percent of Houston total trade.
The Houston/Galveston Customs District siphoned some Latin America trade away from Miami, most notably that of Brazil.
Trade with Venezuela saw 23 percent growth with exports spiking 51 percent. Venezuela’s economy has improved and both the government of President Hugo Chvez and Venezuelan consumers are on buying sprees.
Houston’s fast-paced growth followed a stunning 2005 in which trade rose 30 percent to close the year at $136.1 billion.
Total U.S. trade surpassed $3 trillion for the first time. Canada was the top trade partner, followed by China, which overtook Mexico in 2006.
Houston likely to be No. 4 Customs district for 2006 (01/25/2007)
Houston exports see notable increase in third quarter (12/11/2006)
Semi-annual report: Houston growth at faster clip than most (09/08/2006)
Here comes China! Imports rise 85%, catapault it to No. 3 overall (07/07/2006)
Annual Report: No. 21 Angola- Mutual benefits (07/06/2006)
Annual Report: No. 20 Japan- Houston woos and wins Japan (07/06/2006)
Annual Report: N0. 19 Norway- Symbiotic relationship (07/06/2006)
Annual Report: No. 18 Kuwait- Embracing Mideast opportunities (07/06/2006)
Annual Report: No. 2 Venezuela - Beyond the politicians (07/06/2006)
Annual Report: No. 17 Italy- From leather to nuts (07/06/2006)
Annual Report: No. 16 France- Outpaced by oil-rich nations (07/06/2006)
Annual Report: No. 3 Nigeria - Oil lubricates market (07/06/2006)
Annual Report: No. 15 Colombia- Coffee perks up trade (07/06/2006)
Annual Report: No. 14 Belgium- Scoring with petrochemicals (07/06/2006)
Annual Report: No.13 Russia- Imports, exports, up double digits (07/06/2006)
Annual Report: No. 4 China - Trade skyrockets (07/06/2006)
Annual Report: No. 12 South Korea- Fine-tuning a trade balance (07/06/2006)
Annual Report: No. 11 Iraq- Rebuilding Iraq thanks to oil (07/06/2006)
Annual Report: No. 5 United Kingdom - Setting a fast pace in trade (07/06/2006)
Annual Report: No. 10 Algeria- Algeria ties its fortunes to oil (07/06/2006)
Annual Report: No. 6 Germany - Cars add to spark-fired trade (07/06/2006)
Annual Report: No. 9 The Netherlands- Getting a line to Europe (07/06/2006)
Annual Report: No. 7 Saudi Arabia (07/06/2006)
Annual Report: No. 8 Brazil- New U.S. gateway for Brazil (06/14/2006)
1Q: China, Algeria, Colombia lead way as trade increases 14% (06/02/2006)
Houston's trade surges
No surprise - it's all about the price of oil (01/01/2006)
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