|1||Almonds, walnuts, pistachios, hazelnuts, etc.||$236.96 M|
|2||Motor vehicles for transporting people||$199.8 M|
|3||Motor vehicle parts||$165.97 M|
|4||Frozen beef||$145.39 M|
|6||Petroleum products||$103.45 M|
|7||Prepared foods, beverages||$86.67 M|
|8||Copper waste and scrap||$73.87 M|
|9||Medical instruments for surgeons, dentists, vets||$73.37 M|
|10||Civilian aircraft, parts||$64.45 M|
|2||Motor vehicle parts||$387.77 M|
|4||Cell phones, related equipment||$269.28 M|
|5||Toys, children's bicycles, games||$224.41 M|
|6||Seats, excluding barber, dental||$220.06 M|
|7||TVs, computer monitors||$217.78 M|
|8||Athletic, other textile shoes||$213.76 M|
|9||Furniture, parts||$206.42 M|
|10||Printers, all types, parts||$180.95 M|
Port of Long Beach’s trade decreases 8.56 percent through February
Port of Long Beach’s trade with the world fell 8.56 percent, from $17.06 billion to $15.6 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Long Beach ranked No. 11 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Long Beach’s top trade parters 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 20.68 percent to $6.94 billion.
Exports fell 48.94 percent to $817.79 million. Imports fell 14.35 percent to $6.12 billion.
- Trade with No. 2 Japan fell 21.8 percent to $1.63 billion.
Exports fell 26.77 percent to $469.89 million. Imports fell 19.59 percent to $1.16 billion.
- Trade with No. 3 South Korea fell 26.7 percent to $928.54 million.
Exports fell 13.07 percent to $654.63 million. Imports fell 46.68 percent to $273.91 million.
- Trade with No. 4 Vietnam rose 33.36 percent to $836.55 million.
Exports rose 21.41 percent to $192.17 million. Imports rose 37.4 percent to $644.38 million.
- Trade with No. 5 Australia rose 2.91 percent to $786.79 million.
Exports rose 2.87 percent to $714.01 million. Imports rose 3.22 percent to $72.79 million.
Port of Long Beach’s top five trading partners through February accounted for 71.28 percent of its trade with the world.
Port of Long Beach had trade surpluses with 94 countries and deficits with 62 through February. That compares with 103 surpluses and 58 deficits for the same period one year earlier. The top three surpluses through February of this year were with Australia, $641.22 million; South Korea, $380.71 million; and Hong Kong, $182.65 million. The top three deficits through February of this year were with China, $5.3 billion; Japan, $689.96 million; and Vietnam, $452.22 million.
Through February it’s top exports were Almonds, walnuts, pistachios, hazelnuts, etc.; Motor vehicles for transporting people; Motor vehicle parts; Frozen beef; and Cotton, in that order. Those accounted for 18.45 percent of its total outbound trade. The Port’s top imports were Oil; Motor vehicle parts; Computers; Cell phones, related equipment; and Toys, children’s bicycles, games, accounting for 19.4 percent of all inbound shipments.
Looking more closely at Port of Long Beach’s exports:
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 17.45 percent compared to last year to $236.96 million.
- Motor vehicles for transporting people fell 31.49 percent compared to last year to $199.8 million.
- Motor vehicle parts fell 29.13 percent compared to last year to $165.97 million.
- Frozen beef fell 2.44 percent compared to last year to $145.39 million.
- Cotton fell 57.48 percent compared to last year to $141.82 million.
On the import side:
- Oil rose 47.87 percent compared to last year to $878.25 million.
- Motor vehicle parts fell 27.61 percent compared to last year to $387.77 million.
- Computers fell 27.22 percent compared to last year to $329.93 million.
- Cell phones, related equipment rose 31.54 percent compared to last year to $269.28 million.
- Toys, children’s bicycles, games rose 0.19 percent compared to last year to $224.41 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 port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $32.49 billion and imports came to $55.57 billion.