No. 1 Inland Port along US-Mexico Border
The Port of Laredo is the number 1 inland port along the US-Mexico border and the nation’s fourth-busiest port among more than 450 airports, seaports, and border crossings with $205.88 billion in total trade with the world in 2020 according to U.S. Census Bureau data analyzed by WorldCity.
- Approximately 4,457,547 trucks crossed the border in 2020 north and southbound
- Home to 251* freight forwarders, 656 trucking/transportation companies, and 120* U.S. Customs Brokers
- 1 Rail Bridge and 4 vehicle bridges: 2 for commercial, 3 for private vehicles
- Goods shipped through Laredo travel to more than 60 countries
* Numbers reflects ALFA & LLUSCBA members only
Port Laredo’s trade down 9.23 percent through November
Trade at Port Laredo for the month of November decreased 9.23 percent from the same month one year ago and down 0.76 percent compared to the previous month, according to ustradenumbers.com analysis of the most recent U.S. government data.
By value, Port Laredo was responsible for 5.45 percent of U.S. trade through November, ranking 3 among all ports and 151 among all border crossings.
Breaking it down, exports increased 11.16 percent compared to the same month in the previous year and up 0.8 percent in the previous month. Imports increased 8.03 percent compared to the same month of the previous year and declined 1.73 percent when compared to the previous month.
Year-to-date, Port Laredo’s trade up 21.52 percent, with 40.14 percent an export
On a year-to-date basis, trade at Port Laredo was valued at $227.05 billion an increase of 21.52 percent through November.
Exports totaled $91.13 billion up 25.73 percent while imports were valued at $135.92 billion up 18.85 percent.
Through November, 40.14 percent of that trade at Port Laredo was an export and 59.86 percent was an import. The national average is 38.25 percent for exports and 61.75 percent for imports for the same 11 months of the year. Port Laredo ranked 3 by value and 151 by tonnage among all of the nation’s airports, seaports, and border crossings. Ranking it just against other border crossings it ranked 1 by value and 11 by tonnage.
Port Laredo’s trade with top trade partner Mexico has increased 21.42 percent YTD
Port Laredo’s top five trade partners accounted for 99 percent of its total trade through November. By way of comparison, the United States’ top five trade partners accounted for 52.22 percent.
The most valuable Port Laredo export, Motor vehicle parts, has increased 15.68 percent YTD
Port Laredo’s top five exports accounted for 22.96 percent of all its exports through November. By way of comparison, the United States’ top five exports accounted for 20.04 percent.
Here’s a closer look at the top five, by value:
- Motor vehicle parts rose 15.68 percent compared to last year to $9.41 billion.
- Diesel engines rose 36.37 percent compared to last year to $4.2 billion.
- Gasoline, other fuels rose 51.14 percent compared to last year to $4.02 billion.
- Plastics rose 87.26 percent compared to last year to $1.86 billion.
- Chemical reaction accelerators rose 59.28 percent compared to last year to $1.43 billion.
At this time a year ago, the top five exports were Motor vehicle parts; Diesel engines; Gasoline, other fuels; Catalytic converters, air, oil filters; and Engine parts.
By tonnage the top five exports year-to-date are Motor vehicle parts; Hardware for fixtures; Engine parts; Electrical supplies <1000V; and Parts for electrical supplies.
At this time a year ago, the top five by tonnage were Motor vehicle parts; Articles from textile materials; Electrical supplies <1000V; Hardware for fixtures; and Parts for electrical supplies.
The most valuable Port Laredo import, Motor vehicle parts, has increased 20.47 percent YTD
Port Laredo’s top five imports accounted for 32 percent of all its imports through November. By way of comparison, the United States’ top five imports accounted for 20.83 percent.
Here’s a closer look at the top five, by value:
- Motor vehicle parts rose 20.47 percent compared to last year to $17.11 billion.
- Passenger vehicles fell 9.71 percent compared to last year to $9.08 billion.
- Tractors rose 26.31 percent compared to last year to $6.38 billion.
- Commercial vehicles rose 15.5 percent compared to last year to $5.5 billion.
- Computers rose 9.56 percent compared to last year to $5.42 billion.
At this time a year ago, the top five imports were Motor vehicle parts; Passenger vehicles; Tractors; Computers; and Commercial vehicles.
By tonnage, the top five imports year-to-date are Insulated wire, cable; Miscellaneous electrical machinery; Motor vehicle parts; Electrical boards, panels, and switches; and Vehicle audio systems.
At this time a year ago, the top five by tonnage were Motor vehicle parts; Insulated wire, cable; Safety glass, tempered or laminated; Taps, valves for pipes; and Engine parts.
