|2||Frozen beef||$209.74 M|
|3||Motor vehicles for transporting people||$134.64 M|
|4||Almonds, walnuts, pistachios, hazelnuts, etc.||$113.05 M|
|5||Paper, paperboard scrap||$112.14 M|
|6||Scrap iron, steel||$108.59 M|
|7||Prepared foods, beverages||$108.37 M|
|8||Motor vehicle parts||$106.51 M|
|1||Motor vehicles for transporting people||$1.58 B|
|2||Motor vehicle parts||$1.33 B|
|4||TVs, computer monitors||$1.18 B|
|5||Printers, all types, parts||$1.08 B|
|6||Cell phones, related equipment||$942.58 M|
|7||Furniture, parts||$933.07 M|
|8||Athletic, other textile shoes||$910.22 M|
|9||Women's or girls' suits, not knit||$818.4 M|
|10||Leather shoes||$767.15 M|
Port of Los Angeles’s trade decreases 2.67 percent through February
Port of Los Angeles’s trade with the world fell 2.67 percent, from $48.39 billion to $47.1 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February 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, Taiwan and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 9.41 percent to $22.72 billion.
Exports fell 20.19 percent to $1.08 billion. Imports fell 8.8 percent to $21.64 billion.
- Trade with No. 2 Japan rose 1.64 percent to $5.74 billion.
Exports rose 10.03 percent to $991.34 million. Imports rose 0.05 percent to $4.74 billion.
- Trade with No. 3 Vietnam rose 16.8 percent to $3.72 billion.
Exports rose 1.44 percent to $234.08 million. Imports rose 18 percent to $3.49 billion.
- Trade with No. 4 South Korea rose 14.91 percent to $2.44 billion.
Exports rose 48.66 percent to $585.68 million. Imports rose 7.22 percent to $1.86 billion.
- Trade with No. 5 Taiwan fell 1.42 percent to $2.36 billion.
Exports fell 30 percent to $279.2 million. Imports rose 4.29 percent to $2.08 billion.
Port of Los Angeles’s top five trading partners through February accounted for 78.51 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 58 countries and deficits with 122 through February. That compares with 57 surpluses and 119 deficits for the same period one year earlier. The top three surpluses through February of this year were with Hong Kong, $127.11 million; Singapore, $82.49 million; and Belgium, $34.38 million. The top three deficits through February of this year were with China, $20.57 billion; Japan, $3.75 billion; and Vietnam, $3.26 billion.
Through February it’s top exports were Cotton; Frozen beef; Motor vehicles for transporting people; Almonds, walnuts, pistachios, hazelnuts, etc.; and Paper, paperboard scrap, in that order. Those accounted for 17.49 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 15.18 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton fell 4.78 percent compared to last year to $334.31 million.
- Frozen beef fell 5.94 percent compared to last year to $209.74 million.
- Motor vehicles for transporting people rose 19.94 percent compared to last year to $134.64 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 35.43 percent compared to last year to $113.05 million.
- Paper, paperboard scrap rose 16.6 percent compared to last year to $112.14 million.
On the import side:
- Motor vehicles for transporting people fell 19.81 percent compared to last year to $1.58 billion.
- Motor vehicle parts fell 4.53 percent compared to last year to $1.33 billion.
- Computers fell 13.1 percent compared to last year to $1.19 billion.
- TVs, computer monitors rose 17.74 percent compared to last year to $1.18 billion.
- Printers, all types, parts fell 3.84 percent compared to last year to $1.08 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $32.67 billion and imports came to $240.85 billion.