Houston Exports On Track to Beat Imports For 2013
by: Andrew Schneider, December 20, 2013 5:12:00 am
Imports through the Houston-Galveston Customs District have been falling relative to exports since the summer of 2012. The change was subtle at first, but it’s become more pronounced over the course of this year.
“The fall off has been mainly due to the drop off in the imports of crude.”
Patrick Jankowski is vice president of research for the Greater Houston Partnership. He says that if the trend for the first ten months of 2013 continues, exports from the region will exceed imports for the first time since 1998.
“The Eagle Ford and the Bakken and even the activity in the Permian, which is picking up, has really helped displace a lot of oil imports.”
Jankowski says the drop in crude imports has a side benefit — less congestion in the Houston Ship Channel.