Laredo Top Trading Partners
Total trade: $284.33 billion
Top U.S. Trading Partners
Total U.S. trade: $3.75 trillion
Laredo’s trade increases 1.61 percent through December
Laredo’s trade with the world rose 1.61 percent, from $279.83 billion to $284.33 billion in 2015 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Laredo’s exports decreased 1.36 percent while imports rose 3.95 percent. Laredo’s deficit was $41.06 billion.
Through December the district's top five trade partners were No. 1 Mexico, No. 2 China, No. 3 Malaysia, No. 4 Thailand and No. 5 Japan compared to the same period last year when the top five were No. 1 Mexico, No. 2 China, No. 3 Malaysia, No. 4 Japan and No. 5 Thailand, respectively.
Taking a closer look at the leading trade partners with Laredo:
- Trade with No.1 Mexico rose 1.72 percent to $273.55 billion.
Exports fell 0.99 percent to $120.87 billion. Imports rose 3.98 percent to $152.67 billion.
- Trade with No.2 China rose 0.5 percent to $3.88 billion.
Exports fell 86.29 percent to $15.81 million. Imports rose 3.17 percent to $3.86 billion.
- Trade with No.3 Malaysia fell 9.78 percent to $1.1 billion.
Exports fell 99.72 percent to $518,892. Imports rose 6.29 percent to $1.1 billion.
- Trade with No.4 Thailand rose 26.47 percent to $671.52 million.
Exports rose 89.06 percent to $627,411. Imports rose 26.44 percent to $670.89 million.
- Trade with No.5 Japan fell 14.13 percent to $667.01 million.
Exports fell 55.06 percent to $4.31 million. Imports fell 13.62 percent to $662.7 million.
Laredo’s top five trading partners through December accounted for 98.43 percent of its trade with the world. The U.S. average for the same time period was 55.31 percent.
Laredo had trade surpluses with 55 countries and deficits with 120 through December. That compares with 48 surpluses and 113 deficits for the same period one year earlier. The top three surpluses through December of this year were with Panama, $191.89 million; Switzerland, $156.56 million; and Guatemala, $92.39 million. The top three deficits through December of this year were with Mexico, $31.8 billion; China, $3.85 billion; and Malaysia, $1.1 billion.
Top Exports from Laredo
Total Exports: $121.64 billion
|1||Motor vehicle parts||$14,331,079,011|
|2||Landline, cellular phone equipment||$3,027,678,957|
|3||Gasoline, other fuels||$2,518,762,724|
|4||Internal combustion piston engines, including airc||$2,430,188,803|
|5||Motor vehicles for transporting people||$2,147,020,592|
|7||Electrical supplies, apparatus, less than 1000V||$1,782,578,260|
|9||Petroleum gases, other gaseous hydrocarbons||$1,639,262,779|
|10||Taps, cocks and valves for pipes, tanks||$1,587,338,560|
Top Imports to Laredo
Total Imports: $162.69 billion
|1||Motor vehicle parts||$18,225,135,402|
|3||Landline, cellular phone equipment||$9,970,117,614|
|4||Motor vehicles for transporting people||$9,564,823,890|
|6||Seats, excluding barber, dental||$5,032,401,002|
|7||Insulated wire, cable||$4,449,003,261|
|10||Internal combustion engines, including aircraft||$2,627,359,283|
Meanwhile, total U.S. trade with the world increased to $3.75 trillion, down 5.58 percent compared to the same period last year. The nation’s exports dropped 7.31 percent to $1.5 trillion; imports dropped 4.38 percent to $2.24 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and Chicago. The overall trade deficit was $737.07 billion, up compared to the same period of last year when the deficit was $721.11 billion.
Laredo’s top five exports by value through December were Motor vehicle parts; Landline, cellular phone equipment; Gasoline, other fuels; Internal combustion piston engines, including airc; and Motor vehicles for transporting people, in that order. They accounted for 20.1 percent of total exports from Laredo.
Laredo’s top five imports by value through December were Motor vehicle parts; Commercial vehicles; Landline, cellular phone equipment; Motor vehicles for transporting people; and Tractors. They accounted for 36.48 percent of all inbound shipments.
Looking more closely at Laredo’s exports:
- Motor vehicle parts rose 14.6 percent compared to last year to $14.33 billion.
- Landline, cellular phone equipment rose 8.03 percent compared to last year to $3.03 billion.
- Gasoline, other fuels fell 26.16 percent compared to last year to $2.52 billion.
- Internal combustion piston engines, including airc fell 34.15 percent compared to last year to $2.43 billion.
- Motor vehicles for transporting people fell 14.35 percent compared to last year to $2.15 billion.
On the import side:
- Motor vehicle parts rose 11.15 percent compared to last year to $18.23 billion.
- Commercial vehicles fell 3.31 percent compared to last year to $13.87 billion.
- Landline, cellular phone equipment rose 14.63 percent compared to last year to $9.97 billion.
- Motor vehicles for transporting people rose 9.34 percent compared to last year to $9.56 billion.
- Tractors rose 10.95 percent compared to last year to $7.72 billion.
Last year the Laredo customs district posted total trade with the world of $279.83 billion. The district’s deficit was $33.2 billion. At the end of the year, the custom’s districts top five trading partners were Mexico, China, Malaysia, Japan and Thailand. Exports totaled $ 123.32 billion and imports came to $156.51 billion.