|1||Motor vehicles for transporting people||$1.1 B|
|2||Almonds, walnuts, pistachios, hazelnuts, etc.||$872.96 M|
|3||Frozen beef||$749.32 M|
|4||Motor vehicle parts||$713.42 M|
|6||Petroleum products||$400.47 M|
|7||Prepared foods, beverages||$382.59 M|
|8||Copper waste and scrap||$317.02 M|
|9||Centrifuges, filters, machines and parts||$280.5 M|
|10||Medical instruments for surgeons, dentists, vets||$276.86 M|
|2||Motor vehicle parts||$1.31 B|
|4||Athletic, other textile shoes||$872.58 M|
|5||Cell phones, related equipment||$859.6 M|
|6||Furniture, parts||$827.7 M|
|7||Seats, excluding barber, dental||$815.45 M|
|8||Toys, children's bicycles, games||$790.86 M|
|9||TVs, computer monitors||$781.85 M|
|10||Rubber tires||$728.84 M|
Port of Long Beach’s trade decreases 15.2 percent through August
Port of Long Beach’s trade with the world fell 15.2 percent, from $73.86 billion to $62.63 billion through the first eight months of 2019 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Long Beach ranked No. 12 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
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 August Port of Long Beach’s top trade partners were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Vietnam and No. 5 Australia. Through the same period of the previous year, the top trade partners were held by China, Japan, South Korea, Australia and Vietnam, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 27.12 percent to $25.94 billion.
Exports fell 39.61 percent to $4.02 billion. Imports fell 24.26 percent to $21.92 billion.
- Trade with No. 2 Japan fell 47.02 percent to $4.92 billion.
Exports fell 45.41 percent to $1.43 billion. Imports fell 47.65 percent to $3.49 billion.
- Trade with No. 3 South Korea fell 23.33 percent to $4.17 billion.
Exports fell 6.95 percent to $2.94 billion. Imports fell 45.99 percent to $1.23 billion.
- Trade with No. 4 Vietnam rose 53.2 percent to $4.13 billion.
Exports rose 19.85 percent to $881.41 million. Imports rose 65.71 percent to $3.25 billion.
- Trade with No. 5 Australia fell 0.82 percent to $3.35 billion.
Exports fell 1.43 percent to $3.03 billion. Imports rose 5.33 percent to $323.15 million.
Port of Long Beach’s top five trading partners through August accounted for 67.87 percent of its trade with the world.
Port of Long Beach had trade surpluses with 129 countries and deficits with 69 through August. That compares with 132 surpluses and 63 deficits for the same period one year earlier. The top three surpluses through August of this year were with Australia, $2.7 billion; South Korea, $1.7 billion; and Hong Kong, $788.62 million. The top three deficits through August of this year were with China, $17.91 billion; Vietnam, $2.37 billion; and Japan, $2.06 billion.
Through August its top exports were Motor vehicles for transporting people; Almonds, walnuts, pistachios, hazelnuts, etc.; Frozen beef; Motor vehicle parts; and Cotton, in that order. Those accounted for 19.77 percent of its total outbound trade. The Port’s top imports were Oil; Motor vehicle parts; Computers; Athletic, other textile shoes; and Cell phones, related equipment, accounting for 19.87 percent of all inbound shipments.
Looking more closely at Port of Long Beach’s exports:
- Motor vehicles for transporting people fell 8.5 percent compared to last year to $1.1 billion.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 18.96 percent compared to last year to $872.96 million.
- Frozen beef rose 11.37 percent compared to last year to $749.32 million.
- Motor vehicle parts fell 31.49 percent compared to last year to $713.42 million.
- Cotton fell 37.98 percent compared to last year to $647.14 million.
On the import side:
- Oil fell 8.2 percent compared to last year to $4 billion.
- Motor vehicle parts fell 41.86 percent compared to last year to $1.31 billion.
- Computers fell 43.63 percent compared to last year to $1.3 billion.
- Athletic, other textile shoes rose 41.82 percent compared to last year to $872.58 million.
- Cell phones, related equipment fell 45.07 percent compared to last year to $859.6 million.
Last year Port of Long Beach posted total trade with the world of $109.22 billion. The Port’s deficit was $40.78 billion. At the end of the year, the port’s top five trade partners were China, Japan, South Korea, Australia and Vietnam. Exports totaled $34.22 billion and imports came to $75 billion.