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Tuesday, October 18, 2005

West Coast Ports: Record Imports in September

by Calculated Risk on 10/18/2005 12:14:00 PM

The Ports of Long Beach and Los Angeles combined reported record import traffic for September.

Import traffic at the Port of Long Beach increased 2.4% compared to August, setting a new import traffic record. A total of 313.5 thousand loaded cargo containers came into the Port of Long Beach, compared to 306 thousand in August.

The Port of Los Angeles import traffic increased 2.2% in September. Imports were 350.8 thousand containers, just below the all time high for the Port of Los Angeles.

For Long Beach, outbound traffic was off 12% to 97 thousand containers. At Los Angeles, outbound traffic was down 2% to 93 thousand containers.

The quantity of containers says nothing about the content value, but provides a rough guide on imports from China and the rest of Asia. With these numbers, I expect record imports from China for September.

Imports up, exports down.