The Port of Los Angeles: An Economic Powerhouse
The Port of Los Angeles is one of the world's largest
trade gateways and the scope of its economic contributions
to the regional economy is far-reaching. The Port is
connected directly and indirectly with tens of billions
of dollars in industry sales each year in the Southern
California region. Those sales translate into hundreds
of thousands of local jobs and billions of dollars in
wages, salaries, and state and local taxes.
Regional Port of Los Angeles benefits include:
- 1.1 million jobs in California
- 3.3 million jobs in the United States
- $89.2 billion in California trade value
- $223 billion in U.S. trade value
- $5.1 billion in state tax revenue
- $21.5 billion in federal tax revenue
- Approximately 70% of the regional direct, indirect
and induced benefits connected to the Port occurs within
Los Angeles County.
The Port contributes substantially to the economy,
in part, through the following activities:
Port industries are businesses involved in the moving
and handling of maritime cargo.
- Dollars: For every dollar spent by port industries
- another 97 cents is generated
in indirect and induced sales in the region.
- Jobs: Accounts for approximately 16,360 direct
port industry jobs (85% of which are trucking and warehousing
The biggest contributors to the economy, port users,
are businesses that use the Port to receive imports
or ship exports. Export manufacturers are major port
users. Other port users include local manufacturers
who process imported unfinished goods.
- Dollars: Port users generate approximately $12.1
billion and stimulate an additional $5.5 billion in
local industry indirect sales. Local "re-spending"
by workers employed by port users and the industries
they impact amount to approximately $4.1 billion. Each
dollar of spending for port user goods and services
produces about 79 cents of additional industry sales
in the region.
Port customers are the retail and other non-cargo businesses
in the Port. They are most important to communities
near the Port as a source of jobs, recreation and specialty
- Dollars: Port customers contribute about $760
million to the local economy.
- Jobs: Direct jobs associated with port customers
numbered about 6,400 or roughly half of the jobs actually
located in the Port. For every one of these port customer
jobs, nearly 1.7 additional jobs are created elsewhere
in the region.