at Calculated Risk on 12/23/2024 01:11:00 PM
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.
Click on graph for larger image.
On a rolling 12-month basis, inbound traffic increased 1.5% in November compared to the rolling 12 months ending in October. Outbound traffic increased 0.8% compared to the rolling 12 months ending the previous month.
Usually imports peak in the July to October period as retailers import goods for the Christmas holiday and then decline sharply and bottom in the Winter depending on the timing of the Chinese New Year.
Imports were up 20% YoY in November, and exports were up 10% YoY.
This was a very strong July through November period for imports as retailers prepared for holiday shopping – and likely to stockpile goods prior to the increase in tariffs.