alon504
02-22-2007, 02:35 AM
City's customs district sets trade record
02:19 PM CST on Wednesday, February 21, 2007
Alan Sayre / Associated Press
The amount of foreign trade passing through the New Orleans' customs district increased more than 17 percent last year and exceeded the U.S. average, according to a study of federal census statistics.
The district includes ports and airports in Louisiana, Mississippi, Arkansas and Tennessee, but the trade is dominated by Louisiana and New Orleans-area ports in particular, said WorldCity, a Coral Gables, Fla.-based organization that studies global economic issues and analyzed the census data.
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The New Orleans district's trade hit $150 billion for the first time in 2006.
The New Orleans district's trade hit $150 billion for the first time last year, totaling $153 billion, while the district also took in $100 billion in imports for the first time in 2006, WorldCity said. The latest total trade figure is a 50 percent jump over 2004, when the district registered $100 billion for the first time, according to the analysis.
Nationally, U.S. foreign trade grew 12 percent. Among the 10 largest customs districts, only Houston and Seattle grew faster than New Orleans, WorldCity said.
In 2006, Mexico passed Canada to become the district's new top trade partner, followed by China, Saudi Arabia, Japan, Venezuela, Nigeria, Malaysia, Germany and Brazil, World City said. Mexico recorded a 30 percent growth in trade, with most of that because of imports into the New Orleans area.
The district recorded a $73 billion trade deficit -- the difference between imports and exports -- but still had a trade surplus with 113 out of the 207 nations it dealt with, the study said. The deficit was due to oil trade with Saudi Arabia, Nigeria, Venezuela, Mexico, Angola and Russia and manufacturing nations such as China and Malaysia.
The New Orleans customs district includes the Louisiana Offshore Oil Port at Port Fourchon, which brings in about 14 percent of the nation's oil imports.
The Seattle customs district's international trade grew 19 percent to nearly $120 billion in 2006, while the Houston-Galveston district's trade also jumped 19 percent to $162 billion, WorldCity said.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
http://www.wwltv.com/local/stories/wwl022107khcustomsdistrict.21164143.html
02:19 PM CST on Wednesday, February 21, 2007
Alan Sayre / Associated Press
The amount of foreign trade passing through the New Orleans' customs district increased more than 17 percent last year and exceeded the U.S. average, according to a study of federal census statistics.
The district includes ports and airports in Louisiana, Mississippi, Arkansas and Tennessee, but the trade is dominated by Louisiana and New Orleans-area ports in particular, said WorldCity, a Coral Gables, Fla.-based organization that studies global economic issues and analyzed the census data.
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The New Orleans district's trade hit $150 billion for the first time in 2006.
The New Orleans district's trade hit $150 billion for the first time last year, totaling $153 billion, while the district also took in $100 billion in imports for the first time in 2006, WorldCity said. The latest total trade figure is a 50 percent jump over 2004, when the district registered $100 billion for the first time, according to the analysis.
Nationally, U.S. foreign trade grew 12 percent. Among the 10 largest customs districts, only Houston and Seattle grew faster than New Orleans, WorldCity said.
In 2006, Mexico passed Canada to become the district's new top trade partner, followed by China, Saudi Arabia, Japan, Venezuela, Nigeria, Malaysia, Germany and Brazil, World City said. Mexico recorded a 30 percent growth in trade, with most of that because of imports into the New Orleans area.
The district recorded a $73 billion trade deficit -- the difference between imports and exports -- but still had a trade surplus with 113 out of the 207 nations it dealt with, the study said. The deficit was due to oil trade with Saudi Arabia, Nigeria, Venezuela, Mexico, Angola and Russia and manufacturing nations such as China and Malaysia.
The New Orleans customs district includes the Louisiana Offshore Oil Port at Port Fourchon, which brings in about 14 percent of the nation's oil imports.
The Seattle customs district's international trade grew 19 percent to nearly $120 billion in 2006, while the Houston-Galveston district's trade also jumped 19 percent to $162 billion, WorldCity said.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
http://www.wwltv.com/local/stories/wwl022107khcustomsdistrict.21164143.html
