|1||Computer chips||$2.44 B|
|2||Civilian aircraft, parts||$1.74 B|
|3||Machinery, parts for semiconductor manufacturing||$1.09 B|
|4||Medical instruments||$831.77 M|
|5||Plasma, vaccines, blood||$782.5 M|
|7||Cell phones, related equipment||$653.78 M|
|8||Diamonds, not mounted||$561.66 M|
|9||Misc. medical chemical re-agents||$553.46 M|
|10||Photo-sensitive semi-conductors, parts||$414.98 M|
|2||Cell phones, related equipment||$2.98 B|
|3||Misc. articles made from textile materials||$1.47 B|
|4||Computer chips||$1.43 B|
|5||Computer parts||$1.14 B|
|6||Returned exports, without change||$980.65 M|
|7||Machinery, parts for semiconductor manufacturing||$843.59 M|
|8||Digital storage devices||$788.91 M|
|10||Diamonds, not mounted||$582.39 M|
Los Angeles International Airport’s trade decreases 7.7 percent through May
Los Angeles International Airport’s trade with the world fell 7.7 percent, from $47.35 billion to $43.7 billion through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Los Angeles International Airport ranked No. 9 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through May Los Angeles International Airport’s top trade partners were No. 1 China, No. 2 Japan, No. 3 Taiwan, No. 4 Germany and No. 5 Australia. Through the same period of the previous year, the top trade partners were held by China, India, Japan, Hong Kong and Taiwan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 15.81 percent to $13.77 billion.
Exports fell 56.38 percent to $3.63 billion. Imports rose 183.45 percent to $10.14 billion.
- Trade with No. 2 Japan fell 8.2 percent to $3.23 billion.
Exports rose 31.54 percent to $1.9 billion. Imports fell 35.8 percent to $1.33 billion.
- Trade with No. 3 Taiwan rose 21.61 percent to $2.6 billion.
Exports fell 41.37 percent to $771.7 million. Imports rose 122.09 percent to $1.83 billion.
- Trade with No. 4 Germany fell 7.09 percent to $1.93 billion.
Exports rose 65.73 percent to $1.28 billion. Imports fell 50.37 percent to $646.02 million.
- Trade with No. 5 Australia rose 36.4 percent to $1.81 billion.
Exports rose 37.89 percent to $759.37 million. Imports rose 35.34 percent to $1.05 billion.
Los Angeles International Airport’s top five trading partners through May accounted for 53.43 percent of its trade with the world.
Los Angeles International Airport had trade surpluses with 141 countries and deficits with 71 through May. That compares with 73 surpluses and 144 deficits for the same period one year earlier. The top three surpluses through May of this year were with Hong Kong, $1.37 billion; Germany, $636.39 million; and Japan, $564.57 million. The top three deficits through May of this year were with China, $6.52 billion; Taiwan, $1.06 billion; and Thailand, $698.26 million.
Through May its top exports were Computer chips; Civilian aircraft, parts; Machinery, parts for semiconductor manufacturing; Medical instruments; and Plasma, vaccines, blood, in that order. Those accounted for 35.62 percent of its total outbound trade. The Port’s top imports were Computers; Cell phones, related equipment; Misc. articles made from textile materials; Computer chips; and Computer parts, accounting for 47.3 percent of all inbound shipments.
Looking more closely at Los Angeles International Airport’s exports:
- Computer chips rose 18.51 percent compared to last year to $2.44 billion.
- Civilian aircraft, parts fell 31.54 percent compared to last year to $1.74 billion.
- Machinery, parts for semiconductor manufacturing rose 43.45 percent compared to last year to $1.09 billion.
- Medical instruments fell 28.62 percent compared to last year to $831.77 million.
- Plasma, vaccines, blood rose 8.32 percent compared to last year to $782.5 million.
On the import side:
- Computers rose 52.39 percent compared to last year to $4.51 billion.
- Cell phones, related equipment fell 1.02 percent compared to last year to $2.98 billion.
- Misc. articles made from textile materials rose 14482 percent compared to last year to $1.47 billion.
- Computer chips rose 2.15 percent compared to last year to $1.43 billion.
- Computer parts rose 44.35 percent compared to last year to $1.14 billion.
Last year Los Angeles International Airport posted total trade with the world of $118.38 billion. The Port’s deficit was $8.03 billion. Exports totaled $55.17 billion and imports came to $63.21 billion.