Port of Los Angeles Top Trading Partners
Total trade: $262.27 billion
January – November 2017
Top U.S. Trading Partners
Total U.S. trade: $3.55 trillion
Port of Los Angeles’s trade increases 4.76 percent through November
Port of Los Angeles’s trade with the world rose 4.76 percent, from $250.35 billion to $262.27 billion through the first 11 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 $3.55 trillion, with exports at $1.41 trillion and imports at $2.14 trillion. The nation’s total trade increased 6.62 percent compared to the same period last year. Exports rose 6.27 percent and imports rose 6.86 percent.
Port of Los Angeles ranked No. 1 for total trade among the nation’s roughly 450 airports, seaports and border crossings through November 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; Port Laredo; Chicago O’Hare International Airport; John F. Kennedy International Airport and Port of Newark.
Through November 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, Vietnam, South Korea and Taiwan, respectively
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 5.93 percent to $131.64 billion.
Exports rose 11.58 percent to $7.86 billion. Imports rose 5.59 percent to $123.79 billion.
- Trade with No. 2 Japan fell 8.72 percent to $32.69 billion.
Exports fell 12.4 percent to $5.36 billion. Imports fell 7.97 percent to $27.33 billion.
- Trade with No. 3 Vietnam rose 19.12 percent to $16.39 billion.
Exports fell 0.13 percent to $1.19 billion. Imports rose 20.95 percent to $15.21 billion.
- Trade with No. 4 South Korea rose 1.29 percent to $13.47 billion.
Exports fell 13.99 percent to $3.01 billion. Imports rose 6.75 percent to $10.46 billion.
- Trade with No. 5 Taiwan rose 6.43 percent to $11.98 billion.
Exports rose 19.68 percent to $1.91 billion. Imports rose 4.24 percent to $10.07 billion.
Port of Los Angeles’s top five trading partners through November accounted for 78.61 percent of its trade with the world.
Port of Los Angeles had trade surpluses with 70 countries and deficits with 140 through November. That compares with 69 surpluses and 146 deficits for the same period one year earlier. The top three surpluses through November of this year were with Hong Kong, $1.55 billion; Singapore, $752.5 million; and Belgium, $192.26 million. The top three deficits through November of this year were with China, $115.93 billion; Japan, $21.96 billion; and Vietnam, $14.02 billion.
Top Exports from Port of Los Angeles
Total Exports: $32.44 billion
|3||Almonds, walnuts, pistachios, hazelnuts, etc.||$1,022,414,023|
|4||Motor vehicle parts||$978,437,858|
|5||Motor vehicles for transporting people||$655,536,618|
|6||Scrap iron, steel||$636,863,504|
|7||Prepared foods, beverages||$591,041,378|
|9||Paper, paperboard scrap||$481,953,144|
|10||Raw hides, skins of cows, horses||$431,319,616|
January – November 2017
Top Imports from Port of Los Angeles
Total Imports: $229.83 billion
|1||Motor vehicles for transporting people||$11,089,745,185|
|3||Motor vehicle parts||$7,624,667,932|
|4||TVs, computer monitors||$6,779,888,231|
|5||Printers, all types, parts||$6,347,911,641|
|7||Cell phones, related equipment||$4,549,206,235|
|8||Toys, children’s bicycles, games||$4,479,920,873|
|9||Sweaters, pullovers, vests, knit or crocheted||$4,390,305,851|
|10||Shoes made of textile||$4,224,660,752|
Through November it’s top five exports by value November were Cotton; Frozen beef; Almonds, walnuts, pistachios, hazelnuts, etc.; Motor vehicle parts; and Motor vehicles for transporting people, in that order. Those accounted for 16.22 percent of its total outbound trade. The value of the Port’s top five imports November were Motor vehicles for transporting people; Computers; Motor vehicle parts; TVs, computer monitors; and Printers, all types, parts, accounted for 18.08 percent of all inbound shipments.
Looking more closely at Port of Los Angeles’s exports:
- Cotton rose 67.9 percent compared to last year to $1.56 billion.
- Frozen beef rose 67.2 percent compared to last year to $1.04 billion.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 15.81 percent compared to last year to $1.02 billion.
- Motor vehicle parts rose 21.89 percent compared to last year to $978.44 million.
- Motor vehicles for transporting people rose 14.66 percent compared to last year to $655.54 million.
On the import side:
- Motor vehicles for transporting people rose 12.14 percent compared to last year to $11.09 billion.
- Computers rose 22.48 percent compared to last year to $9.72 billion.
- Motor vehicle parts fell 8.55 percent compared to last year to $7.62 billion.
- TVs, computer monitors rose 22.55 percent compared to last year to $6.78 billion.
- Printers, all types, parts rose 2.65 percent compared to last year to $6.35 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.