Wednesday , June 3 2020
Home / Calculated Risk / Port of Los Angeles: Imports increased, Exports decreased in August

Port of Los Angeles: Imports increased, Exports decreased in August

Summary:
From the Port of Los Angeles: August Cargo Another Record Breaker at Port of Los AngelesFor the fifth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In August, the Port moved 861,081 Twenty-Foot Equivalent Units (TEUs), the busiest August in the Port’s 112-year history and a 4.2% increase over the same period last year.Eight months into 2019 overall volumes have increased 5.7% compared to 2018, when the Port set an all-time cargo record.…“The final months of 2018 ended with an extraordinary influx of imports to beat expected tariffs on China-origin goods,” Seroka added. “We don’t expect to see those kind of volumes in the months ahead. We need a negotiated settlement of the U.S.-China trade war to restore global trade stability.”August 2019 imports

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Tyler Durden writes Looters Steal .4 Million In Rolex Watches From New York Store

Tyler Durden writes Silicon Valley Has Effectively Banned The Freedom Of Speech. It’s Time We Take It Back

Jeffrey P. Snider writes OMG The 30s!!!

Tyler Durden writes Carole Baskin, Antagonist Of “Tiger King” Hero Joe Exotic, Wins Control Of Oklahoma Zoo

From the Port of Los Angeles: August Cargo Another Record Breaker at Port of Los Angeles
For the fifth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In August, the Port moved 861,081 Twenty-Foot Equivalent Units (TEUs), the busiest August in the Port’s 112-year history and a 4.2% increase over the same period last year.

Eight months into 2019 overall volumes have increased 5.7% compared to 2018, when the Port set an all-time cargo record.

“The final months of 2018 ended with an extraordinary influx of imports to beat expected tariffs on China-origin goods,” Seroka added. “We don’t expect to see those kind of volumes in the months ahead. We need a negotiated settlement of the U.S.-China trade war to restore global trade stability.”

August 2019 imports increased 4.1% to 437,613 TEUs compared to the previous year. Exports decreased 10% to 146,284 TEUs, the 10th consecutive monthly decline of exports.
emphasis added

Leave a Reply

Your email address will not be published. Required fields are marked *