|1||Computer chips||$905.24 M|
|2||Civilian aircraft, parts||$834.92 M|
|3||Diamonds, not mounted||$418.31 M|
|4||Machinery, parts for semiconductor manufacturing||$325.24 M|
|5||Medical instruments||$310.02 M|
|6||Cell phones, related equipment||$276.38 M|
|7||Plasma, vaccines, blood||$273.6 M|
|9||Misc. medical chemical re-agents||$221.76 M|
|2||Cell phones, related equipment||$979.75 M|
|3||Computer chips||$574.71 M|
|4||Value added to a returned import||$487.58 M|
|5||Diamonds, not mounted||$457.79 M|
|6||Machinery, parts for semiconductor manufacturing||$324.83 M|
|7||Change it to Digital storage devices||$321.04 M|
|8||Computer parts||$234.26 M|
|9||Orthopedic appliances, artificial body parts||$218.92 M|
|10||Medicines in individual dosages||$202.56 M|
Los Angeles International Airport’s trade decreases 5.75 percent through February
Los Angeles International Airport’s trade with the world fell 5.75 percent, from $17.49 billion to $16.49 billion through the first two 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 $635.89 billion, with exports at $261.18 billion and imports at $374.71 billion. The nation’s total trade decreased 2.25 percent compared to the same period last year. Exports rose 0.43 percent and imports fell 4.04 percent.
Los Angeles International Airport ranked No. 10 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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 February Los Angeles International Airport’s top trade partners were No. 1 China, No. 2 Japan, No. 3 Taiwan, No. 4 India and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by China, India, Japan, Hong Kong and Germany, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 11.75 percent to $3.56 billion.
Exports fell 8.57 percent to $1.21 billion. Imports fell 13.29 percent to $2.36 billion.
- Trade with No. 2 Japan fell 6.07 percent to $1.27 billion.
Exports fell 12.7 percent to $718.05 million. Imports rose 4.33 percent to $547.37 million.
- Trade with No. 3 Taiwan rose 16.36 percent to $946.52 million.
Exports fell 7.39 percent to $276.38 million. Imports rose 30.13 percent to $670.14 million.
- Trade with No. 4 India fell 36.41 percent to $945.7 million.
Exports fell 31.07 percent to $515.48 million. Imports fell 41.81 percent to $430.22 million.
- Trade with No. 5 Germany rose 7.44 percent to $885.44 million.
Exports rose 16.89 percent to $596.06 million. Imports fell 7.91 percent to $289.37 million.
Los Angeles International Airport’s top five trading partners through February accounted for 46.13 percent of its trade with the world.
Los Angeles International Airport had trade surpluses with 118 countries and deficits with 79 through February. That compares with 136 surpluses and 69 deficits for the same period one year earlier. The top three surpluses through February of this year were with Hong Kong, $570.71 million; Germany, $306.69 million; and South Korea, $234.24 million. The top three deficits through February of this year were with China, $1.15 billion; Taiwan, $393.76 million; and Ireland, $267.49 million.
Through February its top exports were Computer chips; Civilian aircraft, parts; Diamonds, not mounted; Machinery, parts for semiconductor manufacturing; and Medical instruments, in that order. Those accounted for 34.53 percent of its total outbound trade. The Port’s top imports were Computers; Cell phones, related equipment; Computer chips; Value added to a returned import; and Diamonds, not mounted, accounting for 43.24 percent of all inbound shipments.
Looking more closely at Los Angeles International Airport’s exports:
- Computer chips fell 7.59 percent compared to last year to $905.24 million.
- Civilian aircraft, parts fell 6.56 percent compared to last year to $834.92 million.
- Diamonds, not mounted fell 44.96 percent compared to last year to $418.31 million.
- Machinery, parts for semiconductor manufacturing rose 79.78 percent compared to last year to $325.24 million.
- Medical instruments fell 23.01 percent compared to last year to $310.02 million.
On the import side:
- Computers rose 20.15 percent compared to last year to $1.13 billion.
- Cell phones, related equipment rose 1.32 percent compared to last year to $979.75 million.
- Computer chips fell 1.4 percent compared to last year to $574.71 million.
- Value added to a returned import fell 9.81 percent compared to last year to $487.58 million.
- Diamonds, not mounted fell 43.97 percent compared to last year to $457.79 million.
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.