|2||Frozen beef||$1.39 B|
|3||Motor vehicle parts||$844.43 M|
|4||Scrap iron, steel||$679.87 M|
|5||Prepared foods, beverages||$588.87 M|
|6||Motor vehicles for transporting people||$587.98 M|
|7||Almonds, walnuts, pistachios, hazelnuts, etc.||$581.8 M|
|9||Paper, paperboard scrap||$510.35 M|
|1||Motor vehicles for transporting people||$9.55 B|
|3||Motor vehicle parts||$7.3 B|
|4||TVs, computer monitors||$5.89 B|
|5||Printers, all types, parts||$5.66 B|
|6||Cell phones, related equipment||$5.06 B|
|7||Furniture, parts||$4.84 B|
|8||Shoes made of textile||$4.29 B|
|9||Sweaters, pullovers, vests, knit or crocheted||$4.22 B|
|10||Toys, children's bicycles, games||$3.95 B|
Port of Los Angeles’s trade increases 4.93 percent through October
Port of Los Angeles’s trade with the world rose 4.93 percent, from $236.35 billion to $248 billion through the first 10 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 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; Port Laredo; Chicago O’Hare International Airport; John F. Kennedy International Airport and Port of Newark.
Through October Port of Los Angeles’s top trade parters 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 rose 5.95 percent to $125.53 billion.
Exports fell 4.5 percent to $6.79 billion. Imports rose 6.62 percent to $118.74 billion.
- Trade with No. 2 Japan fell 0.17 percent to $29.36 billion.
Exports rose 11.21 percent to $5.28 billion. Imports fell 2.36 percent to $24.09 billion.
- Trade with No. 3 Vietnam rose 9.53 percent to $16.23 billion.
Exports rose 22.4 percent to $1.31 billion. Imports rose 8.53 percent to $14.93 billion.
- Trade with No. 4 South Korea rose 2.74 percent to $12.56 billion.
Exports fell 1.74 percent to $2.72 billion. Imports rose 4.05 percent to $9.84 billion.
- Trade with No. 5 Taiwan rose 8.5 percent to $11.68 billion.
Exports rose 19.6 percent to $2.02 billion. Imports rose 6.44 percent to $9.66 billion.
Port of Los Angeles’s top five trading partners through October accounted for 78.78 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 77 countries and deficits with 141 through October. That compares with 69 surpluses and 140 deficits for the same period one year earlier. The top three surpluses through October of this year were with Hong Kong, $1.17 billion; Singapore, $530.86 million; and Belgium, $40.51 million. The top three deficits through October of this year were with China, $111.94 billion; Japan, $18.81 billion; and Vietnam, $13.62 billion.
Through October it’s top exports were Cotton; Frozen beef; Motor vehicle parts; Scrap iron, steel; and Prepared foods, beverages, in that order. Those accounted for 17.42 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Computers; Motor vehicle parts; TVs, computer monitors; and Printers, all types, parts, accounting for 16.88 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton rose 13.72 percent compared to last year to $1.7 billion.
- Frozen beef rose 54.93 percent compared to last year to $1.39 billion.
- Motor vehicle parts fell 3.21 percent compared to last year to $844.43 million.
- Scrap iron, steel rose 19.92 percent compared to last year to $679.87 million.
- Prepared foods, beverages rose 10.33 percent compared to last year to $588.87 million.
On the import side:
- Motor vehicles for transporting people fell 4.72 percent compared to last year to $9.55 billion.
- Computers fell 4.01 percent compared to last year to $8.43 billion.
- Motor vehicle parts rose 5.31 percent compared to last year to $7.3 billion.
- TVs, computer monitors fell 1.01 percent compared to last year to $5.89 billion.
- Printers, all types, parts fell 0.03 percent compared to last year to $5.66 billion.
Last year Port of Los Angeles posted total trade with the world of $273.53 billion. The Port’s deficit was $208.18 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $32.67 billion and imports came to $240.85 billion.