|1||Almonds, walnuts, pistachios, hazelnuts, etc.||$702.36 M|
|2||Passenger vehicles||$683.06 M|
|3||Frozen beef||$662.27 M|
|5||Motor vehicle parts||$567.38 M|
|6||Pork meat, fresh, frozen or chilled||$418 M|
|7||Prepared foods, beverages||$408.53 M|
|8||Medical instruments||$269.62 M|
|9||Catalytic converters, air filters, oil filters, et||$238.17 M|
|10||Copper waste and scrap||$233.7 M|
|3||Cell phones, related equipment||$1.05 B|
|4||Furniture, parts||$736.15 M|
|5||Motor vehicle parts||$724.06 M|
|6||Misc. articles made from textile materials||$622.93 M|
|7||Photo-sensitive semi-conductors, parts||$620.66 M|
|8||Seats, excluding barber, dental||$604.32 M|
|9||Athletic, other textile shoes||$590.24 M|
|10||Rubber tires||$585.97 M|
Port of Long Beach’s trade decreases 6.15 percent through July
Port of Long Beach’s trade with the world fell 6.15 percent, from $54.6 billion to $51.24 billion through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Long Beach ranked No. 11 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 12. It finished No. 12 in the last full year.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July 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 23.33 percent to $17.39 billion.
Exports rose 0.59 percent to $3.52 billion. Imports fell 27.69 percent to $13.87 billion.
- Trade with No. 2 Vietnam rose 11.93 percent to $3.91 billion.
Exports fell 18.44 percent to $643.77 million. Imports rose 20.78 percent to $3.27 billion.
- Trade with No. 3 South Korea rose 0.04 percent to $3.64 billion.
Exports fell 0.36 percent to $2.54 billion. Imports rose 0.99 percent to $1.1 billion.
- Trade with No. 4 Australia fell 18.33 percent to $2.38 billion.
Exports fell 18.38 percent to $2.15 billion. Imports fell 17.82 percent to $236.4 million.
- Trade with No. 5 Taiwan fell 26.36 percent to $2.03 billion.
Exports fell 27.25 percent to $881.54 million. Imports fell 25.66 percent to $1.15 billion.
Port of Long Beach’s top five trading partners through July 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 July. That compares with 123 surpluses and 68 deficits for the same period one year earlier. The top three surpluses through July 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 July of this year were with China, $10.35 billion; Vietnam, $2.63 billion; and Thailand, $1.1 billion.
Through July its top exports were Almonds, walnuts, pistachios, hazelnuts, etc.; Passenger vehicles; Frozen beef; Cotton; and Motor vehicle parts, in that order. Those accounted for 18.09 percent of its total outbound trade. The Port’s top imports were Oil; Computers; Cell phones, related equipment; Furniture, parts; and Motor vehicle parts, accounting for 18.61 percent of all inbound shipments.
Looking more closely at Port of Long Beach’s exports:
- Almonds, walnuts, pistachios, hazelnuts, etc. fell 8.28 percent compared to last year to $702.36 million.
- Passenger vehicles fell 28.07 percent compared to last year to $683.06 million.
- Frozen beef rose 1.17 percent compared to last year to $662.27 million.
- Cotton rose 4.85 percent compared to last year to $618.61 million.
- Motor vehicle parts fell 9.02 percent compared to last year to $567.38 million.
On the import side:
- Oil fell 23.85 percent compared to last year to $2.56 billion.
- Computers rose 0.07 percent compared to last year to $1.14 billion.
- Cell phones, related equipment rose 38.86 percent compared to last year to $1.05 billion.
- Furniture, parts rose 1.93 percent compared to last year to $736.15 million.
- Motor vehicle parts fell 39.06 percent compared to last year to $724.06 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.