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.