Port of Los Angeles Top Trading Partners
Total trade: $273.53 billion
January – December 2016
Top U.S. Trading Partners
Total U.S. trade: $3.64 trillion
Port of Los Angeles’s trade increases 1.08 percent through December
Port of Los Angeles’s trade with the world rose 1.08 percent, from $270.59 billion to $273.53 billion in 2016 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 $3.64 trillion, with exports at $1.45 trillion and imports at $2.19 trillion. The nation’s total trade decreased 2.76 percent compared to the same period last year. Exports fell 3.38 percent and imports fell 2.34 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through December of 2016. During the same period of 2015 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; World Trade Bridge, Border Crossing, Laredo, TX; John F. Kennedy International Airport; Chicago O’Hare International Airport and Port of Newark, NJ.
Through December 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, Taiwan and Vietnam, respectively
Taking a closer look at its leading trade partners:
- Trade with No.1 China rose 2.45 percent to $135.45 billion.
Exports fell 1.53 percent to $7.75 billion. Imports rose 2.7 percent to $127.7 billion.
- Trade with No.2 Japan fell 1.59 percent to $39.37 billion.
Exports rose 6.37 percent to $6.66 billion. Imports fell 3.07 percent to $32.71 billion.
- Trade with No.3 Vietnam rose 26.18 percent to $14.95 billion.
Exports rose 46.08 percent to $1.29 billion. Imports rose 24.59 percent to $13.67 billion.
- Trade with No.4 South Korea fell 0.37 percent to $14.62 billion.
Exports fell 6.4 percent to $3.89 billion. Imports rose 2.02 percent to $10.73 billion.
- Trade with No.5 Taiwan fell 2.23 percent to $12.31 billion.
Exports fell 7.82 percent to $1.79 billion. Imports fell 1.21 percent to $10.53 billion.
Port of Los Angeles’s top five trading partners through December accounted for 79.23 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 67 countries and deficits with 150 through December. That compares with 68 surpluses and 148 deficits for the same period one year earlier. The top three surpluses through December of this year were with Hong Kong, $1.01 billion; Belgium, $94.66 million; and Panama, $81.73 million. The top three deficits through December of this year were with China, $119.96 billion; Japan, $26.06 billion; and Vietnam, $12.38 billion.
Top Exports from Port of Los Angeles
Total Exports: $32.67 billion
|2||Almonds, walnuts, pistachios, hazelnuts, etc.||$957,468,820|
|3||Motor vehicle parts||$871,570,799|
|4||Frozen beef from cows||$693,670,559|
|5||Prepared foods, beverages||$624,598,759|
|6||Motor vehicles for transporting people||$623,767,381|
|7||Paper, paperboard scrap||$576,884,798|
|8||Centrifuges, filters, machines and parts||$498,774,817|
|9||Scrap iron, steel||$454,042,079|
|10||Hay, including alfalfa hay, etc.||$417,741,318|
January – December 2016
Top Imports from Port of Los Angeles
Total Imports: $240.85 billion
|1||Motor vehicles for transporting people||$11,114,326,040|
|2||Motor vehicle parts||$9,000,764,084|
|4||Printers, all types, parts||$6,894,175,476|
|5||TVs, computer monitors||$6,073,289,750|
|7||Toys, scale models, puzzles||$5,073,522,894|
|8||Landline, cellular phone equipment||$4,932,988,155|
|10||Sweaters, pullovers, vest, knit or crocheted||$4,476,314,597|
Through December it’s top five exports by value December were Cotton; Almonds, walnuts, pistachios, hazelnuts, etc.; Motor vehicle parts; Frozen beef from cows; and Prepared foods, beverages, in that order. Those accounted for 12.92 percent of its total outbound trade. The value of the Port’s top five imports December were Motor vehicles for transporting people; Motor vehicle parts; Computers; Printers, all types, parts; and TVs, computer monitors, accounted for 17.25 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton fell 2.87 percent compared to last year to $1.07 billion.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 53.85 percent compared to last year to $957.47 million.
- Motor vehicle parts rose 32.93 percent compared to last year to $871.57 million.
- Frozen beef from cows fell 3.06 percent compared to last year to $693.67 million.
- Prepared foods, beverages rose 11.86 percent compared to last year to $624.6 million.
On the import side:
- Motor vehicles for transporting people fell 5.88 percent compared to last year to $11.11 billion.
- Motor vehicle parts fell 7.91 percent compared to last year to $9 billion.
- Computers rose 16.67 percent compared to last year to $8.46 billion.
- Printers, all types, parts fell 0.31 percent compared to last year to $6.89 billion.
- TVs, computer monitors fell 5.93 percent compared to last year to $6.07 billion.
Last year Port of Los Angeles posted total trade with the world of $270.59 billion. The Port’s deficit was $207.13 billion . At the end of the year, the region’s top five partners were Canada, Germany, Iceland, The Netherlands and Norway. Exports totaled $31.73 billion and imports came to $238.86 billion.