|2||Frozen beef||$426.3 M|
|3||Prepared foods, beverages||$375.43 M|
|4||Passenger vehicles||$366.18 M|
|5||Motor vehicle parts||$356.19 M|
|6||Scrap iron, steel||$343.94 M|
|7||Civilian aircraft, parts||$324.37 M|
|10||Hay, including alfalfa hay, etc.||$252.78 M|
|2||Passenger vehicles||$3.89 B|
|3||Motor vehicle parts||$3.36 B|
|4||TVs, computer monitors||$2.9 B|
|5||Printers, all types, parts||$2.76 B|
|6||Cell phones, related equipment||$2.75 B|
|7||Furniture, parts||$2.62 B|
|8||Misc. articles made from textile materials||$2.25 B|
|9||Athletic, other textile shoes||$2.02 B|
|10||Seats, excluding barber, dental||$1.9 B|
Port of Los Angeles’s trade decreases 16.28 percent through July
Port of Los Angeles’s trade with the world fell 16.28 percent, from $162.72 billion to $136.23 billion through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 1. It finished No. 1 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; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July Port of Los Angeles’s top trade partners were No. 1 China, No. 2 Japan, No. 3 Vietnam, No. 4 Taiwan and No. 5 South Korea. 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 39.23 percent to $45.71 billion.
Exports fell 28.91 percent to $2.97 billion. Imports fell 39.84 percent to $42.74 billion.
- Trade with No. 2 Japan fell 22.13 percent to $17.03 billion.
Exports fell 16.27 percent to $3.38 billion. Imports fell 23.45 percent to $13.65 billion.
- Trade with No. 3 Vietnam fell 21.64 percent to $9.66 billion.
Exports fell 34.26 percent to $611.61 million. Imports fell 20.62 percent to $9.05 billion.
- Trade with No. 4 Taiwan fell 9.03 percent to $7.54 billion.
Exports fell 7.98 percent to $902.37 million. Imports fell 9.17 percent to $6.64 billion.
- Trade with No. 5 South Korea fell 29.8 percent to $6.29 billion.
Exports fell 43.75 percent to $1.1 billion. Imports fell 25.91 percent to $5.19 billion.
Port of Los Angeles’s top five trading partners through July accounted for 76.28 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 62 countries and deficits with 137 through July. That compares with 68 surpluses and 142 deficits for the same period one year earlier. The top three surpluses through July of this year were with Hong Kong, $328 million; Singapore, $63.81 million; and United Arab Emirates, $60.61 million. The top three deficits through July of this year were with China, $39.77 billion; Japan, $10.27 billion; and Vietnam, $8.44 billion.
Through July its top exports were Cotton; Frozen beef; Prepared foods, beverages; Passenger vehicles; and Motor vehicle parts, in that order. Those accounted for 15.93 percent of its total outbound trade. The Port’s top imports were Computers; Passenger vehicles; Motor vehicle parts; TVs, computer monitors; and Printers, all types, parts, accounting for 13.99 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton fell 29.73 percent compared to last year to $991.46 million.
- Frozen beef fell 41.82 percent compared to last year to $426.3 million.
- Prepared foods, beverages fell 12.87 percent compared to last year to $375.43 million.
- Passenger vehicles fell 25.53 percent compared to last year to $366.18 million.
- Motor vehicle parts fell 5.4 percent compared to last year to $356.19 million.
On the import side:
- Computers fell 9.57 percent compared to last year to $3.94 billion.
- Passenger vehicles fell 32.42 percent compared to last year to $3.89 billion.
- Motor vehicle parts fell 24.89 percent compared to last year to $3.36 billion.
- TVs, computer monitors fell 27.06 percent compared to last year to $2.9 billion.
- Printers, all types, parts fell 29.38 percent compared to last year to $2.76 billion.
Last year Port of Los Angeles posted total trade with the world of $278.21 billion. The Port’s deficit was $214.12 billion. Exports totaled $32.04 billion and imports came to $246.17 billion.