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.