Monday, May 23, 2011

So Far, Japan Earthquake has minimal impact on Trade at Port of Houston

The Port Of Houston Magazine

The massive earthquake and tsunami in Japan had a minimal impact on the Port of Houston.

Japan is not a major trading partner in the Port of Houston or the Port of Houston Authority,  accounting for 0.7 percent of all imports and 1.9 percent of all exports to the Port of Houston in 2010.  Japan accounted for 1.2 percent of loaded container imports and 0.7  percent of loaded container exports for Port Authority container terminals.

Supply chain's in Japan and beyond have been disrupted by the disaster, including auto parts supply chains linked with the United States,  so some  U.S. businesses have been affected.  Cars and auto parts make up the majority  of the 6.4 percent of imports from Japan into the U.S. annually.  About 4.7 percent of all U.S. exports go to Japan.

The largest amount of containerized cargo that comes to the United States from Japan goes through the west coast and is railed to destinations in the U.S., noted Ricky Kunz, Port of Houston Authority Vice President Origination.   That includes most auto parts bound for the Toyota plant in San Antonio.

Some impact is expected to be seen in movements of steel because of Japanese plants shutting down.