Top 10 Airports, Seaports and Border Crossings for U.S. Trade in 2017 Include Three that Serve Orange County
Monday, March 05, 2018
In a recent article, Forbes reported that five of the nation's top 10 gateways for U.S. trade are centered around just three cities: New York City, Detroit, and Los Angeles. Three of those gateways serve Orange County, which is included in the Los Angeles metropolitan statistical area.
Out of the three gateways that serve Orange County, the Ports of Los Angeles and Long Beach are sponsors of the Orange County World Trade Week Breakfast and Forum.
Forbes ranked the top 10 U.S. gateways for trade, based on the dollar value of that trade. Here’s how our region’s ports ranked:
#1 - Port of Los Angeles. The perennial No. 1, the port conducted topped $286 billion in two-way trade in 2017, with 88% of that trade as imports and 12% as exports. The national average is 60% imports and 40% exports. For the port, 50% of its trade was with China in 2017, unchanged from 2016. While it ranks No. 1 by the value of its trade, it ranks No. 4 by tonnage, beneath Gulf Coast ports that deal with oil, gasoline, grains and other heavy commodities.
#2 - LAX. Los Angeles International Airport, the third airport in the top 10, is like the Port of Los Angeles, dominated by Asian trade, though not nearly as much. China accounted for 25% of all 2017 trade, compared to 50% for the seaport, and its top trade partners included Germany, Switzerland and the United Kingdom. Its 2017 trade was almost completely balanced, with $57.7 billion in exports and $56.7 billion in imports.
#3 - Port of Long Beach. Rounding out the top 10 is the third Los Angeles-area port, the Port of Long Beach. Like its neighbor, the Port of Los Angeles, Long Beach trade is dominated by China, at 48% of the 2017 total, as well as other Asian nations. Its balance of trade is less tilted toward imports than its neighbor, with 34 cents of each dollar of Long Beach trade an export. It ranks No. 7 among U.S. seaports by tonnage.
For more information on the Greater Irvine Chamber’s work on trade and OCWTW, contact Linda DiMario.
Category: Chamber News, Economic Development