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Foreign Trade & GHP Economic Outlook Event [12/3/2013]


BY Alex Wang [ November 17, 2013 at 06:51:39 ]

For the latest data, click here.

November 15, 2013 HOUSTON-GALVESTON CUSTOMS DISTRICT
Through September of this year, more than $186.4 billion in foreign trade has passed through the Houston-Galveston Customs District, down 10.4 percent from the $208.1 billion in trade handled in the first nine months of ’12. Exports through the customs district now exceed imports.

· Exports totaled $93.4 billion, down 0.2 percent from the $93.6 billion handled during the same period in ’12.


· Imports totaled $93.0 billion, down 18.7 percent from the $114.5 billion handled over the same period in ’12.

Reduced crude shipments accounted for two-thirds of the decline, but imports of industrial machinery, electrical machinery, steel and guar gum (a plant substance used in hydraulic fracturing), have also dropped.

Imports Via the Houston-Galveston Customs District - $ Millions

September ’12 YTD
September ’13 YTD
% Change
Mineral Fuels, Oil
$67,089.7
$51,206.4
-23.7%
Industrial Machinery, Including Computers
8,065.2
6,788.5
-15.8
Articles Of Iron Or Steel
7,875.8
6,049.4
-23.2
Organic Chemicals
3,614.4
4,014.4
11.1
Electric Machinery
5,283.3
3,896.3
-26.3
Vehicles
3,042.4
2,786.5
-8.4
Iron And Steel
2,105.1
1,398.7
-33.6
Gums, Resins Vegetable Extracts
2,929.6
1,314.9
-55.1
Plastics
1,063.6
1,153.1
8.4
Beverages, Spirits And Vinegar
907.3
957.5
5.5
All Other Commodities
12,503.8
13,491.8
7.9
Total Imports
$114,480.6
$93,057.4
-18.7%
Data provided by WISER, at http://www.wisertrade.org, from US Census Bureau, Foreign Trade Division

Exports Via the Houston-Galveston Customs District - $ Millions

September ’12 YTD
September ’13 YTD
% Change
Mineral Fuels
$34,226.2
$35,367.5
3.3%
Industrial Machinery
13,916.7
14,513.7
4.3
Organic Chemicals
12,456.9
12,319.6
-1.1
Plastics
5,142.2
5,748.5
11.8
Electrical Machinery
4,578.9
3,626.1
-20.8
Vehicles
3,419.3
2,714.9
-20.6
Miscellaneous Chemical Products
2,388.5
2,339.2
-2.1
Cereals
1,549.1
2,156.2
39.2
Scientific Instruments
2,049.9
1,934.5
-5.6
Articles Of Iron Or Steel
1,884.3
1,897.2
0.7
All Other Commodities
11,959.4
10,784.5
-9.8
Total Exports
$93,571.6
$93,401.8
-0.2%
Data provided by WISER, at http://www.wisertrade.org, from US Census Bureau,

Foreign Trade Division


What will 2014 Look Like?

GHP is hosting its Economic Outlook Event Tuesday, December 3, at the Hilton Americas. This year’s event features a panel of business leaders discussing Houston economic trends. The panelists include:

· Robert C. Robbins, M.D., President and CEO, Texas Medical Center
· Martin “Marty” Collins, President, Gulf States Toyota
· Mark A. Cover, Senior Managing Director and CEO, Southwest Region, Hines

Shern-Min Chow, Anchor for KHOU-TV, will moderate the panel discussion.

John E. Silvia, Chief Economist, Wells Fargo, will be the luncheon keynote speaker. He will provide the U.S. economic outlook. Patrick Jankowski, GHP Vice President of Research, will present the 2014 Houston employment forecast.

Full-day tickets include the panel discussion, GHP’s forecast, luncheon, keynote speech, and a copy of Houston Economic Highlights, A 60-page compendium of insights into changes that have occurred in Houston’s economy over the past decade.

To see the 2013 Forecast, click here.
To see the 2013 Houston Economic Highlights, click here.
For more information on the event, please click here.

Prepared by Greater Houston Partnership Research Department

Patrick Jankowski, CCR
Vice President, Research
713-844-3616
pjankowski@houston.org

Jenny Philip
Manager, Economic Research
713-844-3615
jphilip@houston.org


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