PORT OF LOS ANGELES MOVES 806,144 TEUs IN JANUARY
Softer Volumes on Horizon Due to Trade War, Coronavirus
SAN PEDRO, Calif. – February 6, 2020 – The Port of Los Angeles moved 806,144 Twenty-Foot Equivalent Units (TEUs) in January, a 5.4% decrease compared to last year.
“We anticipated that tariffs would continue to impact cargo volumes as we moved into 2020, and our January volumes reflect that ongoing trend,” said Port of Los Angeles Executive Director Gene Seroka. “The coronavirus, which prompted China’s Central Government to extend the Lunar New Year holiday, adds a new layer of uncertainty to global trade. The Port of Los Angeles is committed to ongoing collaboration with our customers and supply chain partners to innovate and adapt to new trade patterns.”
January imports decreased 3.5% to 414,731 TEUs compared to the previous year. After 14 months of consecutive declines due to tariffs on U.S. goods, exports increased 2.2% to 148,206 TEUs. Empty containers declined 12.4% to 243,207 TEUs. In total, January volumes totaled 806,144 TEUs.
Current and historical data is available here.
The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative, strategic and sustainable operations that benefit Southern California’s economy and quality of life. North America’s leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $297 billion in trade during 2018. San Pedro Bay port complex operations and commerce facilitate one in nine jobs in the five-county Southern California region.