No. 1 Port in the Nation
The Port of Laredo is the number 1 port in the nation among more than 450 airports, seaports, and border crossings with $320 billion in total trade with the world in 2023 according to the U.S. Census Bureau data analyzed by WorldCity.
- Approximately 5,546,575 trucks crossed the border in 2022 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 reflect ALFA & LLUSCBA members only
Port Laredo’s trade up 6.05 percent in October from last October
Trade at Port Laredo for the month of October increased 6.05 percent from the same month one year ago according to ustradenumbers.com analysis of the most recent U.S. government data.
Breaking it down, exports increased 3.86 percent compared to the same month in the previous year. Imports increased 7.31 percent compared to the same month in the previous year.
Year-to-date, Port Laredo’s trade up 5.77 percent
On a year-to-date basis, trade at Port Laredo was valued at $284.91 billion, an increase of 5.77 percent through October.
Exports totaled $108.47 billion, up 4.23 percent while imports were valued at $176.44 billion, up 6.73 percent.
The deficit at Port Laredo was $67.97 billion.
Port Laredo’s trade with top trade partner Mexico has increased 5.70 percent YTD
Port Laredo’s top five trade partners accounted for 98.83 percent of its total trade through October. By way of comparison, the United States’ top five trade partners accounted for 49.94 percent.
Taking a closer look at its leading trade partners:
Trade with No. 1 Mexico rose 5.7 percent to $248.08 billion.
Exports rose 4.19 percent to $96.75 billion. Imports rose 6.69 percent to $151.33 billion.
Trade with No. 2 China rose 3.45 percent to $1.41 billion.
Exports rose 460.93 percent to $338,983. Imports rose 3.43 percent to $1.4 billion.
Trade with No. 3 France fell 18.89 percent to $803.85 million.
Exports rose 672.05 percent to $192,000. Imports fell 18.91 percent to $803.66 million.
Trade with No. 4 Nicaragua rose 26.01 percent to $650.05 million.
Exports rose 36008 percent to $104.16 million. Imports rose 5.88 percent to $545.9 million.
Trade with No. 5 Japan rose 10.08 percent to $490.99 million.
Exports rose 12946 percent to $9.65 million. Imports rose 7.94 percent to $481.34 million.
Port Laredo had trade surpluses with 19 countries and deficits with 123 through October. That compares with 20 surpluses and 129 deficits for the same period one year earlier. The top three surpluses through October of this year were with Moldova, $2.03 million; Panama, $1.7 million; and Ecuador, $1.1 million.The top three deficits through October of this year were with Mexico, $61.19 billion; China, $1.56 billion; and France, $888.29 million.
At this time a year ago, the top five trade partners were Mexico, China, France, Nicaragua and Japan.
By tonnage, the top five trade partners year-to-date are Mexico, China, France, Nicaragua and Japan.
At this time a year ago, the top five by tonnage were Mexico, China, France, Nicaragua and Japan.
Exports Market Share
The most valuable Port Laredo export, Motor vehicle parts, has decreased 10.64 percent YTD
Port Laredo’s top five exports accounted for 21.61 percent of all its exports through October. By way of comparison, the United States’ top five exports accounted for 23.42 percent.
Here’s a closer look at the top five, by value:
- Motor vehicle parts fell 10.64 percent compared to last year to $11.93 billion.
- Gasoline, other fuels rose 2.08 percent compared to last year to $3.25 billion.
- Electric storage batteries rose 435.87 percent compared to last year to $3.02 billion.
- Diesel engines rose 10.53 percent compared to last year to $2.91 billion.
- Passenger vehicles rose 57.34 percent compared to last year to $2.33 billion.
At this time a year ago, the top five exports were Motor vehicle parts; Gasoline, other fuels; Diesel engines; Passenger vehicles; and Cell phones, related equipment.
By tonnage the top five exports year-to-date are Coal, briquettes; Instrument panel clocks for vehicles, aircraft; Tarpaulins, sails, awnings, tents, etc.; Manganese oxides; and Merry-go-rounds, fairground equipment.
At this time a year ago, the top five by tonnage were Doors, window frames, wooden joinery; Ginger, saffron, turmeric, thyme, other spices; Machinery, blocks for finishing felts; Toilet paper; and Bamboos, rattans, reeds.
Imports Market Share
The most valuable Port Laredo import, Motor vehicle parts, has increased 4.85 percent YTD
Port Laredo’s top five imports accounted for 36.14 percent of all its imports through October. By way of comparison, the United States’ top five imports accounted for 22.91 percent.
Here’s a closer look at the top five, by value:
- Motor vehicle parts rose 4.85 percent compared to last year to $22.59 billion.
- Passenger vehicles rose 0.11 percent compared to last year to $13.51 billion.
- Computers rose 95.59 percent compared to last year to $9.84 billion.
- Commercial vehicles rose 53.83 percent compared to last year to $9.58 billion.
- Tractors fell 15.96 percent compared to last year to $8.23 billion.
At this time a year ago, the top five imports were Motor vehicle parts; Passenger vehicles; Tractors; Commercial vehicles; and Computers.
By tonnage the top five imports year-to-date are Wooden tableware and kitchenware; Ginger, saffron, turmeric, thyme, other spices; Metal-rolling mills, parts; Toilet paper; and Bamboos, rattans, reeds.
At this time a year ago, the top five by tonnage were Misc. live animals; Handtools for agriculture; Rubber tires; Animal products for pharma; and Motor vehicle engines.
Port Market Share
By value, Port Laredo was responsible for 6.43 percent of U.S. trade through October, ranking No. 1 among all ports and No. 1 among all border crossings.
Last year Port Laredo, posted total trade with the world of $319.91 billion. The Port’s deficit was $73.54 billion. Exports totaled $123.18 billion and imports came to $196.73 billion.
Source: U.S. Trade Numbers
