Port of Los Angeles Top Trading Partners
Total trade: $111.38 billion
January – May 2017
Top U.S. Trading Partners
Total U.S. trade: $1.56 trillion
Port of Los Angeles’s trade increases 3.98 percent through May
Port of Los Angeles’s trade with the world rose 3.98 percent, from $107.12 billion to $111.38 billion through the first five 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 $1.56 trillion, with exports at $624.45 billion and imports at $936.93 billion. The nation’s total trade increased 7.15 percent compared to the same period last year. Exports rose 6.5 percent and imports rose 7.59 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May 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 May 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 rose 4.42 percent to $53.78 billion.
Exports rose 21.49 percent to $3.81 billion. Imports rose 3.31 percent to $49.97 billion.
- Trade with No. 2 Japan fell 5.83 percent to $14.68 billion.
Exports fell 19.53 percent to $2.28 billion. Imports fell 2.79 percent to $12.4 billion.
- Trade with No. 3 Vietnam rose 21.51 percent to $6.89 billion.
Exports rose 41.93 percent to $592.15 million. Imports rose 19.89 percent to $6.3 billion.
- Trade with No. 4 South Korea rose 7.44 percent to $6.63 billion.
Exports rose 5.85 percent to $1.78 billion. Imports rose 8.04 percent to $4.86 billion.
- Trade with No. 5 Taiwan rose 4.02 percent to $5.2 billion.
Exports rose 22.75 percent to $810.28 million. Imports rose 1.17 percent to $4.39 billion.
Port of Los Angeles’s top five trading partners through May accounted for 78.27 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 68 countries and deficits with 133 through May. That compares with 77 surpluses and 125 deficits for the same period one year earlier. The top three surpluses through May of this year were with Hong Kong, $500.37 million; Singapore, $310.57 million; and Belgium, $100.65 million. The top three deficits through May of this year were with China, $46.16 billion; Japan, $10.12 billion; and Vietnam, $5.7 billion.
Top Exports from Port of Los Angeles
Total Exports: $14.75 billion
|2||Motor vehicle parts||$400,265,127|
|3||Almonds, walnuts, pistachios, hazelnuts, etc.||$343,322,590|
|5||Motor vehicles for transporting people||$320,245,458|
|6||Prepared foods, beverages||$274,417,331|
|7||Scrap iron, steel||$263,014,520|
|8||Paper, paperboard scrap||$243,631,411|
|10||Centrifuges, filters, machines and parts||$195,084,022|
January – May 2017
Top Imports from Port of Los Angeles
Total Imports: $96.63 billion
|1||Motor vehicles for transporting people||$4,865,175,290|
|3||Motor vehicle parts||$3,545,155,882|
|4||Printers, all types, parts||$2,704,993,000|
|5||TVs, computer monitors||$2,372,397,681|
|7||Cell phones, related equipment||$1,834,253,672|
|8||Shoes made of textile||$1,767,261,144|
|9||Seats, excluding barber, dental||$1,737,475,617|
|10||Women’s or girls’ suits, not knit||$1,573,180,314|
Through May it’s top five exports by value May were Cotton; Motor vehicle parts; Almonds, walnuts, pistachios, hazelnuts, etc.; Frozen beef; and Motor vehicles for transporting people, in that order. Those accounted for 16.23 percent of its total outbound trade. The value of the Port’s top five imports May were Motor vehicles for transporting people; Computers; Motor vehicle parts; Printers, all types, parts; and TVs, computer monitors, accounted for 17.71 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton rose 110.96 percent compared to last year to $992.68 million.
- Motor vehicle parts rose 3.25 percent compared to last year to $400.27 million.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 53.84 percent compared to last year to $343.32 million.
- Frozen beef rose 33.59 percent compared to last year to $337.61 million.
- Motor vehicles for transporting people rose 26.43 percent compared to last year to $320.25 million.
On the import side:
- Motor vehicles for transporting people rose 22.59 percent compared to last year to $4.87 billion.
- Computers rose 27.06 percent compared to last year to $3.63 billion.
- Motor vehicle parts fell 9.4 percent compared to last year to $3.55 billion.
- Printers, all types, parts rose 2.08 percent compared to last year to $2.7 billion.
- TVs, computer monitors rose 5.23 percent compared to last year to $2.37 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.