|2||Frozen beef||$440.24 M|
|3||Motor vehicles for transporting people||$289.78 M|
|4||Almonds, walnuts, pistachios, hazelnuts, etc.||$280.57 M|
|5||Prepared foods, beverages||$252.16 M|
|6||Paper, paperboard scrap||$224.11 M|
|7||Motor vehicle parts||$214.04 M|
|8||Scrap iron, steel||$193.46 M|
|1||Motor vehicles for transporting people||$3.35 B|
|2||Motor vehicle parts||$2.52 B|
|4||TVs, computer monitors||$2.11 B|
|5||Printers, all types, parts||$2.09 B|
|6||Cell phones, related equipment||$1.74 B|
|7||Furniture, parts||$1.68 B|
|8||Athletic, other textile shoes||$1.57 B|
|9||Women's or girls' suits, not knit||$1.4 B|
|10||Leather shoes||$1.31 B|
Port of Los Angeles’s trade decreases 3 percent through April
Port of Los Angeles’s trade with the world fell 3 percent, from $91.69 billion to $88.94 billion through the first four 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 $1.35 trillion, with exports at $543.34 billion and imports at $807.48 billion. The nation’s total trade increased 0.57 percent compared to the same period last year. Exports rose 0.58 percent and imports rose 0.56 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through April 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; Chicago O’Hare International Airport and John F. Kennedy International Airport.
Through April Port of Los Angeles’s top trade partners were No. 1 China, No. 2 Japan, No. 3 Vietnam, No. 4 South Korea and No. 5 Taiwan. Through the same period of the previous year, the top trade partners were held by China, Japan, Vietnam, South Korea and Taiwan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 10.88 percent to $39.64 billion.
Exports fell 17.53 percent to $2.39 billion. Imports fell 10.42 percent to $37.25 billion.
- Trade with No. 2 Japan rose 0.53 percent to $11.71 billion.
Exports rose 10.97 percent to $2.14 billion. Imports fell 1.53 percent to $9.58 billion.
- Trade with No. 3 Vietnam rose 19.68 percent to $6.96 billion.
Exports rose 3.9 percent to $554.96 million. Imports rose 21.28 percent to $6.4 billion.
- Trade with No. 4 South Korea rose 14.85 percent to $5.32 billion.
Exports rose 42.6 percent to $1.31 billion. Imports rose 7.98 percent to $4.01 billion.
- Trade with No. 5 Taiwan fell 0.05 percent to $4.52 billion.
Exports fell 35.37 percent to $552.25 million. Imports rose 8.17 percent to $3.97 billion.
Port of Los Angeles’s top five trading partners through April accounted for 76.62 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 74 countries and deficits with 125 through April. That compares with 65 surpluses and 126 deficits for the same period one year earlier. The top three surpluses through April of this year were with Hong Kong, $330.54 million; Singapore, $180.45 million; and Belgium, $56.9 million. The top three deficits through April of this year were with China, $34.86 billion; Japan, $7.44 billion; and Vietnam, $5.85 billion.
Through April its top exports were Cotton; Frozen beef; Motor vehicles for transporting people; Almonds, walnuts, pistachios, hazelnuts, etc.; and Prepared foods, beverages, in that order. Those accounted for 18.65 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Motor vehicle parts; Computers; TVs, computer monitors; and Printers, all types, parts, accounting for 15.87 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton fell 2.14 percent compared to last year to $828.57 million.
- Frozen beef fell 9.57 percent compared to last year to $440.24 million.
- Motor vehicles for transporting people rose 18.23 percent compared to last year to $289.78 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 28.83 percent compared to last year to $280.57 million.
- Prepared foods, beverages rose 17.01 percent compared to last year to $252.16 million.
On the import side:
- Motor vehicles for transporting people fell 16.54 percent compared to last year to $3.35 billion.
- Motor vehicle parts fell 11.89 percent compared to last year to $2.52 billion.
- Computers fell 15.98 percent compared to last year to $2.26 billion.
- TVs, computer monitors rose 6.5 percent compared to last year to $2.11 billion.
- Printers, all types, parts fell 2.36 percent compared to last year to $2.09 billion.
Last year Port of Los Angeles posted total trade with the world of $298.65 billion. The Port’s deficit was $226.79 billion. At the end of the year, the port’s top five trade partners were China, Japan, Vietnam, South Korea and Taiwan. Exports totaled $35.93 billion and imports came to $262.72 billion.