By ~ calculated risk August 19, 2024 4:31:00 PM
Container traffic volumes give us an idea of the volume of goods being exported and imported. Some hints about the trade report LA area ports handle approximately 40% of U.S. container port traffic.
The following graphs show inbound and outbound traffic at the port. Los Angeles and long beach It is a unit of TEU (TEU: 20-foot long cargo container).
To remove the strong seasonal component of inbound traffic, the first graph shows a 12-month moving average.
Click on the graph to view a larger image.
On a rolling 12-month basis, inbound traffic increased 3.4% in July compared to the rolling 12-month period ending in June. Outbound traffic increased 0.7% compared to the rolling 12-month period ending in the previous month.
Imports typically peak between July and October as retailers stock up for the Christmas holidays, then decline sharply around the time of the Chinese New Year, reaching a low in the winter.
Imports in July rose 47 percent year-on-year, while exports rose 10 percent year-on-year.
Overall, port traffic appears to be returning to pre-pandemic patterns, although imports were very strong in July as retailers prepared for holiday shopping.
