Los Angeles Top Trading Partners
Total trade: $431.38 billion
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Los Angeles’s trade increases 8.35 percent through December
Los Angeles’s trade with the world rose 8.35 percent, from $398.13 billion to $431.38 billion in 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Los Angeles’s exports increased 8.42 percent while imports rose 8.32 percent. Los Angeles’s deficit was $173.89 billion.
Through December the district’s top five trade partners were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Vietnam and No. 5 Taiwan compared to the same period last year when the top five were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Vietnam and No. 5 Taiwan, respectively.
Taking a closer look at the leading trade partners with Los Angeles:
- Trade with No. 1 China rose 8.48 percent to $172.62 billion.
Exports rose 16.05 percent to $26.17 billion. Imports rose 7.23 percent to $146.45 billion.
- Trade with No. 2 Japan rose 6.33 percent to $40.23 billion.
Exports rose 5.62 percent to $15.07 billion. Imports rose 6.76 percent to $25.16 billion.
- Trade with No. 3 South Korea rose 8.55 percent to $24.9 billion.
Exports rose 7.96 percent to $10.69 billion. Imports rose 9 percent to $14.21 billion.
- Trade with No. 4 Vietnam rose 9.2 percent to $19.58 billion.
Exports fell 28.95 percent to $2.5 billion. Imports rose 18.53 percent to $17.07 billion.
- Trade with No. 5 Taiwan rose 1.47 percent to $16.22 billion.
Exports fell 11.64 percent to $5.68 billion. Imports rose 10.29 percent to $10.54 billion.
Los Angeles’s top five trading partners through December accounted for 63.41 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.
Los Angeles had trade surpluses with 113 countries and deficits with 115 through December. That compares with 120 surpluses and 108 deficits for the same period one year earlier. The top three surpluses through December of this year were with Hong Kong, $10.42 billion; Australia, $5.12 billion; and Switzerland, $2.6 billion. The top three deficits through December of this year were with China, $120.28 billion; Vietnam, $14.57 billion; and Japan, $10.09 billion.
Top Exports from Los Angeles
Total Exports: $128.75 billion
|1||Civilian aircraft, parts||$6,960,993,860|
|3||Diamonds, not mounted||$4,747,789,899|
|5||Motor vehicles for transporting people||$3,470,226,348|
|6||Cell phones, related equipment||$3,073,584,243|
|8||Motor vehicle parts||$2,872,822,563|
|9||Medical instruments for surgeons, dentists, vets||$2,721,832,540|
January – December 2017
Top Imports to Los Angeles
Total Imports: $302.64 billion
|2||Motor vehicles for transporting people||$20,271,885,649|
|4||Cell phones, related equipment||$9,574,829,702|
|5||TVs, computer monitors||$8,067,091,962|
|6||Printers, all types, parts||$7,084,145,847|
|8||Toys, children’s bicycles, games||$5,356,887,173|
|9||Shoes made of textile||$5,345,341,944|
|10||Sweaters, pullovers, vests, knit or crocheted||$5,083,839,391|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and Chicago. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
Los Angeles’s top five exports by value through December were Civilian aircraft, parts; Computer chips; Diamonds, not mounted; Gold; and Motor vehicles for transporting people, in that order. They accounted for 20.61 percent of total exports from Los Angeles.
Los Angeles’s top five imports by value through December were Computers; Motor vehicles for transporting people; Oil; Cell phones, related equipment; and TVs, computer monitors. They accounted for 22.97 percent of all inbound shipments.
Looking more closely at Los Angeles’s exports:
- Civilian aircraft, parts fell 4.72 percent compared to last year to $6.96 billion.
- Computer chips rose 244.36 percent compared to last year to $6.67 billion.
- Diamonds, not mounted fell 9.66 percent compared to last year to $4.75 billion.
- Gold rose 47.29 percent compared to last year to $4.69 billion.
- Motor vehicles for transporting people fell 9.39 percent compared to last year to $3.47 billion.
On the import side:
- Computers rose 16.09 percent compared to last year to $21.33 billion.
- Motor vehicles for transporting people rose 7.74 percent compared to last year to $20.27 billion.
- Oil rose 39.99 percent compared to last year to $10.27 billion.
- Cell phones, related equipment rose 17.41 percent compared to last year to $9.57 billion.
- TVs, computer monitors rose 21.86 percent compared to last year to $8.07 billion.
Last year the Los Angeles customs district posted total trade with the world of $398.13 billion. The district’s deficit was $160.64 billion. At the end of the year, the custom’s districts top five trading partners were China, Japan, South Korea, Vietnam and Taiwan. Exports totaled $118.74 billion and imports came to $279.38 billion.