Friday , September 20 2019
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:

Jeffrey P. Snider writes Much More Than This Week (TRDKWTAD)

Calculated Risk writes Mortgage Equity Withdrawal Positive in Q2

Lambert Strether writes 2:00PM Water Cooler 9/20/2020

Calculated Risk writes Fed’s Flow of Funds: Household Net Worth Increased in Q2

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Your email address will not be published.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 *