|2||Frozen beef||$1.18 B|
|3||Almonds, walnuts, pistachios, hazelnuts, etc.||$981.43 M|
|4||Passenger vehicles||$834.82 M|
|5||Prepared foods, beverages||$740.62 M|
|6||Scrap iron, steel||$711.3 M|
|7||Motor vehicle parts||$682 M|
|8||Paper, paperboard scrap||$559.2 M|
|1||Passenger vehicles||$10.37 B|
|3||Motor vehicle parts||$7.27 B|
|4||Printers, all types, parts||$6.53 B|
|5||TVs, computer monitors||$6.33 B|
|6||Cell phones, related equipment||$5.65 B|
|7||Furniture, parts||$5.2 B|
|8||Toys, children's bicycles, games||$5.09 B|
|9||Sweaters, pullovers, vests, knit or crocheted||$4.71 B|
|10||Athletic, other textile shoes||$4.6 B|
Port of Los Angeles’s trade decreases 6.84 percent in 2019.
Port of Los Angeles’s trade with the world fell 6.84 percent, from $298.65 billion to $278.21 billion in 2019 when compared to 2018, according to WorldCity analysis of the latest U.S. Census Bureau data.
In 2019, the nation’s total trade was $4.14 trillion, with exports at $1.65 trillion and imports at $2.49 trillion. The nation’s total trade decreased 1.46 percent compared to 2018. Exports fell 1.13 percent and imports fell 1.67 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings in 2019.
The nation’s top five “ports” — airports, seaports and border crossings — in 2019, by value, were Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
In 2019 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. In 2018, 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 15.99 percent to $127.34 billion.
Exports fell 16.54 percent to $6.86 billion. Imports fell 15.96 percent to $120.48 billion.
- Trade with No. 2 Japan rose 6.86 percent to $38.08 billion.
Exports rose 12.86 percent to $7.17 billion. Imports rose 5.56 percent to $30.91 billion.
- Trade with No. 3 Vietnam rose 6.92 percent to $20.74 billion.
Exports fell 8.39 percent to $1.4 billion. Imports rose 8.23 percent to $19.34 billion.
- Trade with No. 4 South Korea fell 2.02 percent to $14.9 billion.
Exports fell 8.13 percent to $3.09 billion. Imports fell 0.28 percent to $11.81 billion.
- Trade with No. 5 Taiwan rose 5.78 percent to $14.64 billion.
Exports fell 20.25 percent to $1.87 billion. Imports rose 11.11 percent to $12.76 billion.
Port of Los Angeles’s top five trading partners in 2019 accounted for 77.53 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 67 countries and deficits with 150 in 2019. That compares with 83 surpluses and 137 deficits for 2018. The top three surpluses were with Hong Kong, $1.19 billion; Singapore, $225.06 million; and Panama, $87.31 million. The top three deficits were with China, $113.62 billion; Japan, $23.73 billion; and Vietnam, $17.93 billion.
In 2019 its top exports were Cotton; Frozen beef; Almonds, walnuts, pistachios, hazelnuts, etc.; Motor vehicles for transporting people; and Prepared foods, beverages, in that order. Those accounted for 17.64 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Computers; Motor vehicle parts; Printers, all types, parts; and TVs, computer monitors, accounting for 15.53 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton rose 0.88 percent compared to last year to $1.91 billion.
- Frozen beef fell 29.37 percent compared to last year to $1.18 billion.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 9.79 percent compared to last year to $981.43 million.
- Motor vehicles for transporting people rose 14.49 percent compared to last year to $834.82 million.
- Prepared foods, beverages rose 2.45 percent compared to last year to $740.62 million.
On the import side:
- Motor vehicles for transporting people fell 11.14 percent compared to last year to $10.37 billion.
- Computers fell 21.17 percent compared to last year to $7.73 billion.
- Motor vehicle parts fell 17.54 percent compared to last year to $7.27 billion.
- Printers, all types, parts fell 4.93 percent compared to last year to $6.53 billion.
- TVs, computer monitors fell 14.77 percent compared to last year to $6.33 billion.
In 2018 Port of Los Angeles posted total trade with the world of $298.65 billion. The Port’s deficit was $226.79 billion. Exports totaled $35.93 billion and imports came to $262.72 billion.