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Thursday, December 22, 2005

West Coast Ports: November Imports Mixed, Exports Up

by Calculated Risk on 12/22/2005 03:01:00 PM

The Ports of Long Beach and Los Angeles reported mixed import traffic for October.

Import traffic at the Port of Long Beach increased 2.0% compared to October. A total of 305 thousand loaded cargo containers came into the Port of Long Beach, compared to 299 thousand in October. The record is 313 thousand set in August 2005.

The Port of Los Angeles import traffic decreased 11% in November. Imports were 325.1 thousand containers, off from the record set in October for the Port of Los Angeles of 368.5 thousand containers.

For Long Beach, outbound traffic was up 3.6% to 107 thousand containers. At Los Angeles, outbound traffic was flat at 98 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. Given these numbers, I expect imports from Asia to be about the same in November as in October.