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New Section / Trade, Ports, and Shipping:

The Gulf of Mexico is a hot spot for Trade to both North and South American. Not only do the ports of New Orleans, Houston and Gulfport supply the two continents with oil but also take in many goods and services from around the world. Such products being cultural goods that broaden the world's economy.The largest types of products produced and exchanged in the Gulf of Mexico are energy products, crude oil in particular. In an article released from the U.S. Energy Information Association they explain that in 2018 exports of crude from the U.S. gulf coast was estimated to 7.7 million barrels per day. This amount of exported material was a new record in 2018. It was the first time in many years the Gulf had more exported crude oil than imported. The ports in the U.S. Gulf Coast generates large amount of economic growth for the world's economy. An essay written by Chris Mathews of the Houston Business Journal tells us that $172.2 billions of goods was generated by the Houston-Galveston Customs District in the first nine months of 2018. The Houston-Galveston Customs District consist of seven ports: Houston, Corpus Christi, Freeport, Galveston, Port Lavaca, Texas City, and George Bush.

Interesting enough, the production of offshore oil does not always end up being shipped out to other countries.

"The U.S. Gulf Coast became a net exporter of crude oil in late 2018." Independent Statistics and Analysis U.S. Information Administration, 18 Mar. 2019, www.eia.gov/todayinenergy/detail.php?id=38732.

Mathews, Chris. "Texas Gulf Coast goods and commodities tonnage, value up this year." Houston Business Journal, American City Business Journal, 9 Nov. 2018, www.bizjournals.com/houston/news/2018/11/09/texas-gulf-coast-goods-and-commodities-tonnage.html.

Matthews, Chris. "These were Houston's top trade partner countries in 2019." Houston Business Journal, American City Business Journals, 29 May 2020, www.bizjournals.com/houston/news/2020/05/29/these-were-houstons-top-trade-partners-in-2019.html.