|1||Almonds, walnuts, pistachios, hazelnuts, etc.||$640.52 M|
|2||Passenger vehicles||$597.51 M|
|3||Frozen beef||$550.44 M|
|5||Motor vehicle parts||$458.46 M|
|6||Pork meat, fresh, frozen or chilled||$371.43 M|
|7||Prepared foods, beverages||$335.32 M|
|8||Medical instruments||$238.45 M|
|9||Catalytic converters, air filters, oil filters, et||$206.95 M|
|10||Copper waste and scrap||$197.86 M|
|3||Cell phones, related equipment||$830.62 M|
|4||Motor vehicle parts||$620.24 M|
|5||Furniture, parts||$597.67 M|
|6||Photo-sensitive semi-conductors, parts||$563.29 M|
|7||Athletic, other textile shoes||$511.42 M|
|8||Seats, excluding barber, dental||$503.48 M|
|9||Rubber tires||$495.24 M|
|10||Misc. articles made from textile materials||$457.93 M|
Port of Long Beach’s trade decreases 8.16 percent through June
Port of Long Beach’s trade with the world fell 8.16 percent, from $46.64 billion to $42.84 billion through the first six 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of Long Beach ranked No. 12 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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 June Port of Long Beach’s top trade partners were No. 1 China, No. 2 Vietnam, No. 3 South Korea, No. 4 Australia and No. 5 Taiwan. Through the same period of the previous year, the top trade partners were held by China, Japan, South Korea, Vietnam and Australia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 10.64 percent to $17.39 billion.
Exports rose 15.13 percent to $3.52 billion. Imports fell 15.44 percent to $13.87 billion.
- Trade with No. 2 Vietnam rose 38.1 percent to $3.91 billion.
Exports fell 6.52 percent to $643.77 million. Imports rose 52.41 percent to $3.27 billion.
- Trade with No. 3 South Korea rose 18.87 percent to $3.64 billion.
Exports rose 18.34 percent to $2.54 billion. Imports rose 20.09 percent to $1.1 billion.
- Trade with No. 4 Australia fell 4.42 percent to $2.38 billion.
Exports fell 4.34 percent to $2.15 billion. Imports fell 5.12 percent to $236.4 million.
- Trade with No. 5 Taiwan fell 15.69 percent to $2.03 billion.
Exports fell 17.3 percent to $881.54 million. Imports fell 14.41 percent to $1.15 billion.
Port of Long Beach’s top five trading partners through June accounted for 68.52 percent of its trade with the world.
Port of Long Beach had trade surpluses with 122 countries and deficits with 65 through June. That compares with 116 surpluses and 69 deficits for the same period one year earlier. The top three surpluses through June of this year were with Australia, $1.91 billion; South Korea, $1.44 billion; and Hong Kong, $473.04 million. The top three deficits through June of this year were with China, $10.35 billion; Vietnam, $2.63 billion; and Thailand, $1.1 billion.
Through June its top exports were Almonds, walnuts, pistachios, hazelnuts, etc.; Passenger vehicles; Frozen beef; Cotton; and Motor vehicle parts, in that order. Those accounted for 17.96 percent of its total outbound trade. The Port’s top imports were Oil; Computers; Cell phones, related equipment; Motor vehicle parts; and Furniture, parts, accounting for 19.13 percent of all inbound shipments.
Looking more closely at Port of Long Beach’s exports:
- Almonds, walnuts, pistachios, hazelnuts, etc. fell 3.52 percent compared to last year to $640.52 million.
- Passenger vehicles fell 28.01 percent compared to last year to $597.51 million.
- Frozen beef rose 0.91 percent compared to last year to $550.44 million.
- Cotton fell 2.41 percent compared to last year to $513.32 million.
- Motor vehicle parts fell 16.57 percent compared to last year to $458.46 million.
On the import side:
- Oil fell 16.74 percent compared to last year to $2.31 billion.
- Computers fell 10.47 percent compared to last year to $894.94 million.
- Cell phones, related equipment rose 24.19 percent compared to last year to $830.62 million.
- Motor vehicle parts fell 41.64 percent compared to last year to $620.24 million.
- Furniture, parts fell 1.31 percent compared to last year to $597.67 million.
Last year Port of Long Beach posted total trade with the world of $92.98 billion. The Port’s deficit was $30.64 billion. Exports totaled $31.17 billion and imports came to $61.81 billion.