LA Ports: Oct Imports and Exports down YoY. Exports down 11th straight month
4 days ago
- #economy
- #ports
- #trade
- LA and Long Beach ports handle about 40% of the nation's container traffic.
- Imports at LA ports were down 12.5% year-over-year in October.
- Exports at LA ports were down 5.1% year-over-year in October.
- Exports have declined year-over-year for 11 consecutive months.
- On a rolling 12-month basis, inbound traffic decreased by 1.2% in September.
- Outbound traffic decreased by 0.5% on a rolling 12-month basis in September.
- Imports typically peak from July to October for holiday season demand.
- Seasonal declines in imports occur after October, influenced by the Chinese New Year.