|1||Motor vehicles for transporting people||$988.57 M|
|3||Motor vehicle parts||$798.77 M|
|4||Almonds, walnuts, pistachios, hazelnuts, etc.||$586.62 M|
|5||Frozen beef||$510.14 M|
|6||Petroleum products||$362.08 M|
|7||Medical instruments for surgeons, dentists, vets||$336.76 M|
|8||Copper waste and scrap||$326.64 M|
|9||Prepared foods, beverages||$281.79 M|
|10||Civilian aircraft, parts||$235.42 M|
|3||Motor vehicle parts||$1.71 B|
|4||Cell phones, related equipment||$1.1 B|
|5||Seats, excluding barber, dental||$817.3 M|
|6||Furniture, parts||$802.21 M|
|7||TVs, computer monitors||$792.16 M|
|8||Printers, all types, parts||$571.57 M|
|9||Rubber tires||$555.88 M|
|10||Toys, children's bicycles, games||$534.54 M|
Port of Long Beach’s trade increases 13.71 percent through June
Port of Long Beach’s trade with the world rose 13.71 percent, from $48.31 billion to $54.94 billion through the first six 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 trillion, with exports at $830 billion and imports at $1 trillion. The nation’s total trade increased 8.95 percent compared to the same period last year. Exports rose 9.55 percent and imports rose 8.55 percent.
Port of Long Beach ranked No. 10 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June of 2018. During the same period of 2017 it ranked No. 11. 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; John F. Kennedy International Airport and Port of Newark.
Through June Port of Long Beach’s 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 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 17.27 percent to $26.57 billion.
Exports rose 13.01 percent to $5.26 billion. Imports rose 18.37 percent to $21.31 billion.
- Trade with No. 2 Japan rose 19.74 percent to $7.04 billion.
Exports rose 5.74 percent to $2.02 billion. Imports rose 26.49 percent to $5.02 billion.
- Trade with No. 3 South Korea rose 22.22 percent to $4.26 billion.
Exports rose 0.83 percent to $2.47 billion. Imports rose 73.24 percent to $1.78 billion.
- Trade with No. 4 Australia rose 0.18 percent to $2.48 billion.
Exports fell 0.08 percent to $2.25 billion. Imports rose 2.87 percent to $225.58 million.
- Trade with No. 5 Vietnam rose 14.98 percent to $1.98 billion.
Exports rose 48.83 percent to $564.56 million. Imports rose 5.41 percent to $1.42 billion.
Port of Long Beach’s top five trading partners through June accounted for 77.03 percent of its trade with the world.
Port of Long Beach had trade surpluses with 129 countries and deficits with 60 through June. That compares with 117 surpluses and 58 deficits for the same period one year earlier. The top three surpluses through June of this year were with Australia, $2.03 billion; South Korea, $692.2 million; and Hong Kong, $407.56 million. The top three deficits through June of this year were with China, $16.05 billion; Japan, $3 billion; and Vietnam, $850.59 million.
Through June it’s were Motor vehicles for transporting people; Cotton; Motor vehicle parts; Almonds, walnuts, pistachios, hazelnuts, etc.; and Frozen beef, in that order. Those accounted for 20.97 percent of its total outbound trade. The value of the Port’s were Oil; Computers; Motor vehicle parts; Cell phones, related equipment; and Seats, excluding barber, dental, accounted for 22.32 percent of all inbound shipments.
Looking more closely at Port of Long Beach’s exports:
- Motor vehicles for transporting people rose 6.01 percent compared to last year to $988.57 million.
- Cotton rose 30.3 percent compared to last year to $908.61 million.
- Motor vehicle parts rose 5.03 percent compared to last year to $798.77 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 55.2 percent compared to last year to $586.62 million.
- Frozen beef rose 23.28 percent compared to last year to $510.14 million.
On the import side:
- Oil rose 22.22 percent compared to last year to $2.83 billion.
- Computers rose 43.76 percent compared to last year to $1.76 billion.
- Motor vehicle parts rose 20.3 percent compared to last year to $1.71 billion.
- Cell phones, related equipment rose 173.54 percent compared to last year to $1.1 billion.
- Seats, excluding barber, dental rose 22.2 percent compared to last year to $817.3 million.
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 region’s were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $32.49 billion and imports came to $55.57 billion.