|2||Frozen beef||$825.73 M|
|3||Motor vehicles for transporting people||$561.14 M|
|4||Almonds, walnuts, pistachios, hazelnuts, etc.||$557.48 M|
|5||Prepared foods, beverages||$487.85 M|
|6||Scrap iron, steel||$465.67 M|
|7||Motor vehicle parts||$438.13 M|
|8||Paper, paperboard scrap||$422.78 M|
|1||Motor vehicles for transporting people||$6.62 B|
|2||Motor vehicle parts||$5.05 B|
|4||Printers, all types, parts||$4.52 B|
|5||TVs, computer monitors||$4.51 B|
|6||Cell phones, related equipment||$3.78 B|
|7||Furniture, parts||$3.6 B|
|8||Athletic, other textile shoes||$3.25 B|
|9||Leather shoes||$3.01 B|
|10||Sweaters, pullovers, vests, knit or crocheted||$2.94 B|
Port of Los Angeles’s trade decreases 3.35 percent through August
Port of Los Angeles’s trade with the world fell 3.35 percent, from $193.9 billion to $187.4 billion through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through August 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 10.18 percent to $87.07 billion.
Exports fell 15.47 percent to $4.7 billion. Imports fell 9.86 percent to $82.37 billion.
- Trade with No. 2 Japan rose 7.14 percent to $25.31 billion.
Exports rose 11.2 percent to $4.67 billion. Imports rose 6.26 percent to $20.64 billion.
- Trade with No. 3 Vietnam rose 13.14 percent to $14.15 billion.
Exports fell 0.37 percent to $1.05 billion. Imports rose 14.39 percent to $13.1 billion.
- Trade with No. 4 South Korea rose 3.93 percent to $10.12 billion.
Exports rose 3.26 percent to $2.19 billion. Imports rose 4.12 percent to $7.93 billion.
- Trade with No. 5 Taiwan rose 1.92 percent to $9.61 billion.
Exports fell 30.01 percent to $1.17 billion. Imports rose 8.78 percent to $8.45 billion.
Port of Los Angeles’s top five trading partners through August accounted for 78.04 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 69 countries and deficits with 143 through August. That compares with 72 surpluses and 143 deficits for the same period one year earlier. The top three surpluses through August of this year were with Hong Kong, $741.99 million; Singapore, $187.91 million; and Panama, $37.22 million. The top three deficits through August of this year were with China, $77.68 billion; Japan, $15.96 billion; and Vietnam, $12.05 billion.
Through August 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 18.14 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Motor vehicle parts; Computers; Printers, all types, parts; and TVs, computer monitors, accounting for 15.47 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton fell 1.37 percent compared to last year to $1.52 billion.
- Frozen beef fell 22.96 percent compared to last year to $825.73 million.
- Motor vehicles for transporting people rose 18.58 percent compared to last year to $561.14 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 36.9 percent compared to last year to $557.48 million.
- Prepared foods, beverages rose 7.2 percent compared to last year to $487.85 million.
On the import side:
- Motor vehicles for transporting people fell 12.7 percent compared to last year to $6.62 billion.
- Motor vehicle parts fell 13.56 percent compared to last year to $5.05 billion.
- Computers fell 21.85 percent compared to last year to $4.92 billion.
- Printers, all types, parts fell 2.59 percent compared to last year to $4.52 billion.
- TVs, computer monitors rose 4.69 percent compared to last year to $4.51 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.