LA Area Port Inbound Traffic up to New Record High, Outbound Traffic Down Year-over-year in August

Note: The expansion to the Panama Canal was completed in
2016 (As I
noted a few years ago
), and some of the traffic that used the
ports of Los Angeles and Long Beach is probably going through the
canal. This might be impacting TEUs on the West Coast.

Container traffic gives us an idea about the volume of goods being
exported and imported – and usually some hints about the trade
report since LA area ports handle about 40% of the nation’s
container port traffic.

The following graphs are for inbound and outbound traffic at the
ports of
Los Angeles
and Long
Beach
in TEUs (TEUs: 20-foot equivalent units or 20-foot-long
cargo container).

To remove the strong seasonal component for inbound traffic, the
first graph shows the rolling 12 month average.


LA Area Port Traffic
Click
on graph for larger image.

On a rolling 12 month basis,�inbound traffic was up 1.5% in August
compared to the rolling 12 months ending in July.   Outbound
traffic was down 0.4% compared to the rolling 12 months ending the
previous month.

The 2nd graph is the monthly data (with a strong seasonal pattern
for imports).


LA Area Port Traffic
Usually
imports peak in the July to October period as retailers import
goods for the Christmas holiday, and then decline sharply and
bottom in February or March depending on the timing of the Chinese
New Year (January 25th in 2020).

Imports were up 16% YoY in August to a new record high, and
exports were down 5% YoY.
Source: FS – All – Real Estate News 2
LA Area Port Inbound Traffic up to New Record High, Outbound
Traffic Down Year-over-year in August