Port of Los Angeles Top Trading Partners
Total trade: $42.8 billion
January – February 2017
Top U.S. Trading Partners
Total U.S. trade: $592.18 billion
Port of Los Angeles’s trade decreases 3.38 percent through February
Port of Los Angeles’s trade with the world fell 3.38 percent, from $44.3 billion to $42.8 billion through the first two 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 $592.18 billion, with exports at $237.05 billion and imports at $355.13 billion. The nation’s total trade increased 6.44 percent compared to the same period last year. Exports rose 6.68 percent and imports rose 6.28 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 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; Port of Newark and Chicago O’Hare International Airport.
Through February Port of Los Angeles’s top five 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 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 fell 4.66 percent to $21.41 billion.
Exports rose 16.69 percent to $1.31 billion. Imports fell 5.79 percent to $20.1 billion.
- Trade with No.2 Japan fell 14.09 percent to $5.18 billion.
Exports fell 30.09 percent to $785.55 million. Imports fell 10.42 percent to $4.39 billion.
- Trade with No.3 Vietnam rose 11.93 percent to $2.69 billion.
Exports rose 48.32 percent to $196.49 million. Imports rose 9.8 percent to $2.49 billion.
- Trade with No.4 South Korea fell 1.04 percent to $2.43 billion.
Exports rose 2.62 percent to $714.55 million. Imports fell 2.48 percent to $1.72 billion.
- Trade with No.5 Taiwan fell 5.96 percent to $1.92 billion.
Exports rose 15.81 percent to $289.89 million. Imports fell 9 percent to $1.63 billion.
Port of Los Angeles’s top five trading partners through February accounted for 78.59 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 54 countries and deficits with 127 through February. That compares with 68 surpluses and 117 deficits for the same period one year earlier. The top three surpluses through February of this year were with Hong Kong, $141.36 million; Singapore, $95.34 million; and Belgium, $40.13 million. The top three deficits through February of this year were with China, $18.78 billion; Japan, $3.6 billion; and Vietnam, $2.29 billion.
Top Exports from Port of Los Angeles
Total Exports: $5.32 billion
|2||Motor vehicles for transporting people||$148,045,360|
|3||Almonds, walnuts, pistachios, hazelnuts, etc.||$137,948,509|
|4||Motor vehicle parts||$132,424,198|
|5||Prepared foods, beverages||$115,093,804|
|7||Scrap iron, steel||$107,817,047|
|8||Frozen beef from cows||$107,180,829|
|9||Paper, paperboard scrap||$98,731,429|
|10||Copper waste and scrap||$75,071,658|
January – February 2017
Top Imports from Port of Los Angeles
Total Imports: $37.48 billion
|1||Motor vehicles for transporting people||$1,881,866,131|
|3||Motor vehicle parts||$1,195,635,388|
|4||Printers, all types, parts||$1,046,673,979|
|6||TVs, computer monitors||$765,425,214|
|7||Shoes made of textile||$761,188,385|
|8||Women’s or girls’ suits, not knit||$713,041,235|
|10||Landline, cellular phone equipment||$669,034,786|
Through February it’s top five exports by value February were Cotton; Motor vehicles for transporting people; Almonds, walnuts, pistachios, hazelnuts, etc.; Motor vehicle parts; and Prepared foods, beverages, in that order. Those accounted for 15.88 percent of its total outbound trade. The value of the Port’s top five imports February were Motor vehicles for transporting people; Computers; Motor vehicle parts; Printers, all types, parts; and Furniture, parts, accounted for 16.92 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton rose 88.49 percent compared to last year to $310.94 million.
- Motor vehicles for transporting people rose 70.7 percent compared to last year to $148.05 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 69.11 percent compared to last year to $137.95 million.
- Motor vehicle parts fell 7.63 percent compared to last year to $132.42 million.
- Prepared foods, beverages rose 5.61 percent compared to last year to $115.09 million.
On the import side:
- Motor vehicles for transporting people rose 29.43 percent compared to last year to $1.88 billion.
- Computers rose 18.81 percent compared to last year to $1.32 billion.
- Motor vehicle parts fell 24.62 percent compared to last year to $1.2 billion.
- Printers, all types, parts rose 2.88 percent compared to last year to $1.05 billion.
- Furniture, parts rose 5.43 percent compared to last year to $898.05 million.
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.