Port of Los Angeles Top Trading Partners
Total trade: $64.54 billion
January – March 2017
Top U.S. Trading Partners
Total U.S. trade: $922.69 billion
Port of Los Angeles’s trade increases 2.22 percent through March
Port of Los Angeles’s trade with the world rose 2.22 percent, from $63.14 billion to $64.54 billion through the first three months of 2017 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 $922.69 billion, with exports at $372.7 billion and imports at $549.99 billion. The nation’s total trade increased 7.24 percent compared to the same period last year. Exports rose 7.2 percent and imports rose 7.27 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through March of 2017. During the same period of 2016 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; Laredo World Trade Bridge, Border Crossing, Texas; John F. Kennedy International Airport; Chicago O’Hare International Airport and Port of Newark.
Through March Port of Los Angeles’s top five trade partners were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Vietnam and No. 5 Taiwan . Through the same period of the previous year, the top five spots were held by China, Japan, South Korea, Vietnam and Taiwan, respectively
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 3.57 percent to $30.85 billion.
Exports rose 24.19 percent to $2.25 billion. Imports rose 2.24 percent to $28.6 billion.
- Trade with No. 2 Japan fell 11.69 percent to $8.54 billion.
Exports fell 27.27 percent to $1.22 billion. Imports fell 8.42 percent to $7.32 billion.
- Trade with No. 3 South Korea rose 7.79 percent to $4 billion.
Exports rose 17.9 percent to $1.21 billion. Imports rose 3.95 percent to $2.79 billion.
- Trade with No. 4 Vietnam rose 20.61 percent to $3.96 billion.
Exports rose 63.98 percent to $347.21 million. Imports rose 17.62 percent to $3.61 billion.
- Trade with No. 5 Taiwan rose 0.12 percent to $2.99 billion.
Exports rose 23.08 percent to $465.78 million. Imports fell 3.21 percent to $2.52 billion.
Port of Los Angeles’s top five trading partners through March accounted for 77.99 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 61 countries and deficits with 133 through March. That compares with 67 surpluses and 124 deficits for the same period one year earlier. The top three surpluses through March of this year were with Hong Kong, $260.43 million; Singapore, $150.97 million; and Belgium, $61.43 million. The top three deficits through March of this year were with China, $26.35 billion; Japan, $6.1 billion; and Vietnam, $3.26 billion.
Top Exports from Port of Los Angeles
Total Exports: $8.59 billion
|2||Motor vehicle parts||$216,770,001|
|3||Almonds, walnuts, pistachios, hazelnuts, etc.||$215,332,285|
|4||Motor vehicles for transporting people||$206,320,832|
|6||Prepared foods, beverages||$161,726,087|
|7||Paper, paperboard scrap||$154,714,447|
|8||Scrap iron, steel||$149,359,673|
|10||Centrifuges, filters, machines and parts||$120,290,425|
January – March 2017
Top Imports from Port of Los Angeles
Total Imports: $55.96 billion
|1||Motor vehicles for transporting people||$2,953,610,203|
|2||Motor vehicle parts||$2,035,574,057|
|4||Printers, all types, parts||$1,656,875,987|
|6||TVs, computer monitors||$1,236,377,216|
|7||Shoes made of textile||$1,042,897,882|
|8||Cell phones, related equipment||$1,038,421,361|
|9||Women’s or girls’ suits, not knit||$996,131,097|
|10||Seats, excluding barber, dental||$975,044,631|
Through March it’s top five exports by value were Cotton; Motor vehicle parts; Almonds, walnuts, pistachios, hazelnuts, etc.; Motor vehicles for transporting people; and Frozen beef, in that order. Those accounted for 16.16 percent of its total outbound trade. The rank of the Port’s top five imports through March were Motor vehicles for transporting people; Motor vehicle parts; Computers; Printers, all types, parts; and Furniture, parts, accounted for 17.74 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton rose 111.42 percent compared to last year to $563.71 million.
- Motor vehicle parts fell 5.14 percent compared to last year to $216.77 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 84.82 percent compared to last year to $215.33 million.
- Motor vehicles for transporting people rose 47.99 percent compared to last year to $206.32 million.
- Frozen beef rose 20.95 percent compared to last year to $185.79 million.
On the import side:
- Motor vehicles for transporting people rose 24.16 percent compared to last year to $2.95 billion.
- Motor vehicle parts fell 13.88 percent compared to last year to $2.04 billion.
- Computers rose 24.54 percent compared to last year to $1.98 billion.
- Printers, all types, parts rose 5.14 percent compared to last year to $1.66 billion.
- Furniture, parts rose 12.2 percent compared to last year to $1.3 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 region’s top five partners were Canada, Iceland, Germany, United Kingdom and The Netherlands. Exports totaled $32.67 billion and imports came to $240.85 billion.