Tuesday, January 22, 2008

International Trade (2006)

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We received the following trade statistics for 2006 from our friend Myles Matthews, President and CEO of Global Trade & Technology Center. He indicated it will take a few months to analyze trade information for 2007.

The United States trade set a record for total trade which includes total exports, imports, and total trade deficit in 2006. In 2006 exports surpassed a milestone exceeding $1 trillion for the first time. Fewer than 5% of all countries (11) held almost 80% of the US trade deficit. The 5 leading countries in order of these 11 where China, Canada, Mexico, Japan, and Germany.

The US probably surpassed $3 trillion in total trade in 2007. US trade with 39 nations exceeded $10 billion in 2006, an increase of 5% over 2005.

The 25 leading ports of entry and exit in the US for 2006 where:

1 Los Angeles -- $329.4 billion total trade +12.3%
2 New York/New Jersey -- $295.0 billion total trade +10.2%
3 Detroit -- $238.5 billion total trade +3.7%
4 Houston/Galveston -- $162.2 billion total trade +18.9%
5 Laredo -- $157.4 billion total trade +13.0%
6 New Orleans -- $152.8 billion total trade +17.4%
7 Chicago -- $120.6 billion total trade +11.1%
8 Seattle -- $119.9 billion total trade +19.2%
9 San Francisco -- $111.1 billion total trade +12.3%
10 Atlanta/Savannah -- $82.5 billion total trade +13.7%
11 Buffalo -- $82.2 billion total trade +6.0%
12 Cleveland -- $77.6 billion total trade +11.1%
13 Miami -- $72.1 billion total trade +9.4%
14 Philadelphia -- $69.2 billion total trade +19.3%
15 Dallas/Fort Worth -- $58.2 billion total trade +17.5%
16 El Paso -- $52.3 billion total trade +9.0%
17 San Diego -- $50.8 billion total trade +17.0%
18 Charleston -- $49.2 billion total trade +2.6%
19 Norfolk -- $44.5 billion total trade +10.4%
20 Ogdensburg, New York -- $44.4 billion total trade +7.2%
21 Great Falls, Montana -- $40.3 billion total trade +9.3%
22 Baltimore -- $39.6 billion total trade +2.6%
23 Tampa -- $37.6 billion total trade +27.8%
24 Boston -- $33.3 billion total trade +3.7%
25 San Juan -- $32.6 billion total trade +11.4%

These numbers will continue to improve for exports based on the value of the dollar.

1 comment:

Laurel Delaney said...

Several of you have asked where the numbers came from on this International Trade (2006) post. Good question! Here's what Myles Matthews said when I asked for a link to the data:

"No, GTTC researches and pulls data from various sources and develops
training material, reports, white papers, legislative proposals, and other pertinent material. There is no source for our clients that satisfy their
needs."