by Bill McBride on 7/19/2005 08:35:00 PM
Tuesday, July 19, 2005
The Port of Los Angeles released their June statistics today. Inbound (loaded containers) was 335 thousand compared to 313 thousand in May - an increase of 7%.
Outbound volume was 97 thousand loaded containers vs. 105 thousand for May. This is an 8% decline from May.
Port of Long Beach statistics correlate better with imports from China, but I can't overlook the strong import performance / weak export performance for the Port of Los Angeles.
This may indicate a stronger than expected June trade deficit and possibly a larger deficit with Japan.