Wednesday, March 14, 2012

LA area Port Traffic declines in February

by Bill McBride on 3/14/2012 08:30:00 PM

The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container).

Container traffic gives us an idea about the volume of goods being exported and imported - and possibly some hints about the trade report for February. LA area ports handle about 40% of the nation's container port traffic.

To remove the strong seasonal component for inbound traffic, the first graph shows the rolling 12 month average.

LA Area Port TrafficClick on graph for larger image.

On a rolling 12 month basis, inbound traffic is down 0.9% from January, and outbound traffic is up 0.3%.

On a rolling 12 month basis, outbound traffic is moving up slowly, and inbound traffic is declining slightly.

The 2nd graph is the monthly data (with a strong seasonal pattern for imports).

LA Area Port TrafficFor the month of February, loaded outbound traffic was up 4.6% compared to February 2011, and loaded inbound traffic was down 12.5% compared to February 2011. (typo corrected, reversed inbound and outbound).

Note: Every year imports decline in February mostly because of the Chinese New Year.

All current trade graphs

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