|1||Motor vehicles for transporting people||$1.2 B|
|3||Motor vehicle parts||$1.04 B|
|4||Almonds, walnuts, pistachios, hazelnuts, etc.||$733.81 M|
|5||Frozen beef||$672.82 M|
|6||Petroleum products||$489.29 M|
|7||Medical instruments for surgeons, dentists, vets||$472.18 M|
|8||Copper waste and scrap||$428.23 M|
|9||Prepared foods, beverages||$371.73 M|
|10||Civilian aircraft, parts||$299.36 M|
|3||Motor vehicle parts||$2.26 B|
|4||Cell phones, related equipment||$1.56 B|
|5||Furniture, parts||$1.07 B|
|6||TVs, computer monitors||$1.07 B|
|7||Seats, excluding barber, dental||$1.03 B|
|8||Toys, children's bicycles, games||$817.89 M|
|9||Printers, all types, parts||$752.26 M|
|10||Rubber tires||$735.08 M|
Port of Long Beach’s trade increases 12 percent through August
Port of Long Beach’s trade with the world rose 12 percent, from $65.95 billion to $73.86 billion through the first eight months of 2018 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 increased 9.32 percent compared to the same period last year. Exports rose 9.32 percent and imports rose 9.32 percent.
Port of Long Beach ranked No. 10 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2018. During the same period of 2017 it ranked No. 10. It finished No. 10 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; 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 parters were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Australia and No. 5 Vietnam . Through the same period of the previous year, the top trade partners were held by China, Japan, South Korea, Australia and Taiwan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 11.98 percent to $35.59 billion.
Exports rose 4.87 percent to $6.65 billion. Imports rose 13.75 percent to $28.94 billion.
- Trade with No. 2 Japan rose 15.23 percent to $9.29 billion.
Exports rose 2.38 percent to $2.62 billion. Imports rose 21.22 percent to $6.67 billion.
- Trade with No. 3 South Korea rose 16.33 percent to $5.44 billion.
Exports rose 0.84 percent to $3.16 billion. Imports rose 47.7 percent to $2.28 billion.
- Trade with No. 4 Australia fell 0.78 percent to $3.38 billion.
Exports fell 0.63 percent to $3.07 billion. Imports fell 2.27 percent to $306.79 million.
- Trade with No. 5 Vietnam rose 18.69 percent to $2.7 billion.
Exports rose 47.96 percent to $735.41 million. Imports rose 10.49 percent to $1.96 billion.
Port of Long Beach’s top five trading partners through August accounted for 76.35 percent of its trade with the world.
Port of Long Beach had trade surpluses with 132 countries and deficits with 63 through August. That compares with 125 surpluses and 63 deficits for the same period one year earlier. The top three surpluses through August of this year were with Australia, $2.76 billion; South Korea, $874.1 million; and Hong Kong, $566.38 million. The top three deficits through August of this year were with China, $22.29 billion; Japan, $4.05 billion; and Vietnam, $1.23 billion.
Through August it’s top exports were Motor vehicles for transporting people; Cotton; Motor vehicle parts; Almonds, walnuts, pistachios, hazelnuts, etc.; and Frozen beef, in that order. Those accounted for 19.99 percent of its total outbound trade. The Port’s top imports were Oil; Computers; Motor vehicle parts; Cell phones, related equipment; and Furniture, parts, accounting for 22.93 percent of all inbound shipments.
Looking more closely at Port of Long Beach’s exports:
- Motor vehicles for transporting people fell 1.21 percent compared to last year to $1.2 billion.
- Cotton rose 19.22 percent compared to last year to $1.04 billion.
- Motor vehicle parts fell 1.77 percent compared to last year to $1.04 billion.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 46.19 percent compared to last year to $733.81 million.
- Frozen beef rose 27.62 percent compared to last year to $672.82 million.
On the import side:
- Oil rose 40.66 percent compared to last year to $4.36 billion.
- Computers rose 30.9 percent compared to last year to $2.3 billion.
- Motor vehicle parts rose 15.76 percent compared to last year to $2.26 billion.
- Cell phones, related equipment rose 149.8 percent compared to last year to $1.56 billion.
- Furniture, parts rose 3.35 percent compared to last year to $1.07 billion.
Last year Port of Long Beach posted total trade with the world of $88.06 billion. The Port’s deficit was $23.08 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $32.49 billion and imports came to $55.57 billion.