Thursday, November 17, 2011

L.A. Port Exports Set New Record High in October

The number of loaded export containers leaving the Los Angeles Port for overseas destinations reached a record high in October of 193,547 TEUs (20-foot equivalent units), beating the previous record of 192,850 TEUs in March of this year (see chart above).  October exports this year are 28.14% ahead of the same month last year, and above the previous month by 9.4%. Loaded import containers in October were 5.5% above the year earlier level, but fell from September by 1%. 

Bottom Line: Global demand for U.S. export products shipped from the L.A. Port has never been higher, fueled by an ongoing worldwide economic expansion.   

Update: The L.A. port is America's busiest container seaport, and ranks  No. 17 in the world. 

Posted 11:19 PM Post Link 5 Comments

5 Comments:

At 11/18/2011 12:19 PM, Blogger infocyde said...

http://theeconomiccollapseblog.com/archives/35-facts-about-the-gutting-of-americas-industrial-might-that-should-make-you-very-angry

 
At 11/18/2011 12:37 PM, Blogger Benjamin Cole said...

"Bottom Line: Global demand for U.S. export products shipped from the L.A. Port has never been higher, fueled by an ongoing worldwide economic expansion. "

And a "trade-enhancing" exchange rate for the dollar.

The "we need a strong dollar" crowd is an absolute menace to American prosperity. Such rank idiocy!

I hope the dollar does down even more. We sell more, more tourists come here, more Americans vacation stateside, and more investors buy our assets.

Oh, boo-hoo, when you go to Italy, those scarves will cost more.

 
At 11/18/2011 1:17 PM, Blogger VangelV said...

The "we need a strong dollar" crowd is an absolute menace to American prosperity. Such rank idiocy!

I agree with Benji. Imagine the exports if you devalue the dollar by 95%. Americans could work very hard and make stuff that rich Chinese can afford.

 
At 11/18/2011 2:23 PM, Blogger marmico said...

What's with this meaningless fascination centered on export TEUs originating from the L.A. Port? It's value not volume or weight that matters for trade.

LAX originated more exports by dollar value in 2010 than either the L.A. or Long Beach ports.

See Table 17.

 
At 11/18/2011 6:13 PM, Blogger rjs said...

http://www.joc.com/portsterminals/long-beach-container-traffic-plunges-20-percent

 

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