Port Arthur, TX

Overview In January 2024 Port Arthur, TX exported $695M and imported $973M, resulting in a negative trade balance of $278M. Between January 2023 and January 2024 the exports of Port Arthur, TX have decreased by $-515M (-42.6%) from $1.21B to $695M, while imports decreased by $-32M (-3.18%) from $1.01B to $973M.

Trade In January 2024, the top exports of Port Arthur, TX were Refined Petroleum ($469M), Acyclic Hydrocarbons ($111M), Crude Petroleum ($53.9M), Petroleum Coke ($37.3M), and Cyclic Hydrocarbons ($22M). In January 2024 the top imports of Port Arthur, TX were Crude Petroleum ($805M), Refined Petroleum ($116M), Sulfate Chemical Woodpulp ($32.9M), Industrial Furnaces ($6.69M), and Raw Aluminium ($5.13M).

Destinations In January 2024, Port Arthur, TX exported mostly to Mexico ($269M), China ($111M), Canada ($59.6M), Singapore ($53.9M), and Panama ($30.6M), and imported mostly from Saudi Arabia ($408M), Canada ($255M), Mexico ($143M), Venezuela ($38.4M), and Iraq ($35M).

Growth In January 2024, the decrease in Port Arthur, TX's year-by-year exports was explained primarily by an decrease in exports to Chile ($-71.2M or -42.7%), Spain ($-52.2M or -98.8%), and Belgium ($-31.6M or -78.7%), and product exports decrease in Crude Petroleum ($-131M or -38.5%), Cyclic Hydrocarbons ($-15.6M or -96.9%), and Petroleum Gas ($-2.1M or -8.71%). In January 2024, the decrease in Port Arthur, TX's year-by-year imports was explained primarily by an decrease in imports from Saudi Arabia ($-64.1M or -10.3%), Canada ($-48.1M or -24.1%), and Mexico ($-24.9M or -10.4%), and product imports decrease in Crude Petroleum ($-230M or -21.7%) and Refined Petroleum ($-506k or -0.47%).