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Statistics
LA trade up at twice the national average
April 23rd, 2007
Los Angeles’ trade with the world increased at twice the national average through the first two months of the year, according to WorldCity analysis of U.S. Census data.
The Los Angeles Customs district, led by the twin ports of Los Angeles and Long Beach as well as Los Angeles International Airport, accounted for almost 25 percent of the $26.6 billion overall increase in U.S. trade.
The next highest dollar increase, after Los Angeles’ $6.4 billion, was $3.9 billion registered by oil-driven Houston. The percentage increase, second only to Houston among top Customs districts, is all the more impressive since it is the nation’s No. 1 ranked Customs district.
Los Angeles, with an overall increase of 13.6 percent, surpassed $50 billion in total trade through February for the first time, an increase of more than $15 billion since just 2004.
China’s two-way trade is leading the way, increasing more than 30 percent through February, with exports up almost 23 percent and imports up 32 percent. China is the Los Angeles Customs district’s top trade partner. The $4.7 billion increase in trade with China accounted for almost 75 percent of the total increase for the Customs district.
Other fast-growing trade partners include Canada, up 93 percent on better than double the value of imports; oil-rich Iraq, up more than 53 percent; the Netherlands; Vietnam; and Taiwan.
| Change | 2007 | 2006 | Total Trade | February 2007 YTD | February 2006 YTD | Dollar Change | Percent Change |
|---|---|---|---|---|---|---|---|
| World Total | $53,006,744,828 | $46,635,810,536 | $6,370,934,292 | 13.66% | |||
| 0 | 1 | 1 | China | $19,970,885,635 | $15,278,113,890 | $4,692,771,745 | 30.72% |
| 0 | 2 | 2 | Japan | $7,747,504,741 | $7,754,142,342 | $(6,637,601) | -0.09% |
| 0 | 3 | 3 | South Korea | $3,469,105,907 | $3,036,715,009 | $432,390,898 | 14.24% |
| 0 | 4 | 4 | Taiwan | $2,686,244,968 | $2,282,563,177 | $403,681,791 | 17.69% |
| 2 | 5 | 7 | Thailand | $1,352,457,969 | $1,241,278,413 | $111,179,556 | 8.96% |
| 3 | 6 | 9 | Singapore | $1,308,800,343 | $1,219,857,259 | $88,943,084 | 7.29% |
| 1 | 7 | 8 | Australia | $1,246,573,031 | $1,228,838,180 | $17,734,851 | 1.44% |
| -2 | 8 | 6 | Malaysia | $1,235,700,799 | $1,418,575,963 | $(182,875,164) | -12.89% |
| -4 | 9 | 5 | Germany | $1,170,623,412 | $1,453,549,878 | $(282,926,466) | -19.46% |
| 0 | 10 | 10 | Hong Kong | $1,037,086,462 | $941,729,541 | $95,356,921 | 10.13% |
| 1 | 11 | 12 | Indonesia | $879,722,151 | $782,537,188 | $97,184,963 | 12.42% |
| -1 | 12 | 11 | United Kingdom | $824,130,085 | $784,563,904 | $39,566,181 | 5.04% |
| 0 | 13 | 13 | Philippines | $671,174,371 | $773,003,060 | $(101,828,689) | -13.17% |
| 0 | 14 | 14 | India | $634,104,650 | $593,513,461 | $40,591,189 | 6.84% |
| 1 | 15 | 16 | Vietnam | $620,359,590 | $484,542,138 | $135,817,452 | 28.03% |
| 1 | 16 | 17 | Netherlands | $594,340,838 | $448,679,700 | $145,661,138 | 32.46% |
| -2 | 17 | 15 | Ecuador | $459,675,393 | $569,671,110 | $(109,995,717) | -19.31% |
| 1 | 18 | 19 | Mexico | $448,919,195 | $401,058,292 | $47,860,903 | 11.93% |
| 4 | 19 | 23 | Iraq | $443,203,329 | $288,052,547 | $155,150,782 | 53.86% |
| 1 | 20 | 21 | France | $439,654,160 | $389,109,787 | $50,544,373 | 12.99% |
| 7 | 21 | 28 | Canada | $410,426,844 | $212,783,623 | $197,643,221 | 92.88% |
| -2 | 22 | 20 | Italy | $372,058,536 | $396,354,872 | $(24,296,336) | -6.13% |
| -1 | 23 | 22 | Brazil | $353,089,969 | $346,144,876 | $6,945,093 | 2.01% |
| -6 | 24 | 18 | Saudi Arabia | $331,833,291 | $427,128,341 | $(95,295,050) | -22.31% |
| 2 | 25 | 27 | Switzerland | $286,737,472 | $214,081,667 | $72,655,805 | 33.94% |
| -2 | 26 | 24 | Belgium | $282,980,852 | $276,156,016 | $6,824,836 | 2.47% |
| -2 | 27 | 25 | New Zealand | $265,146,883 | $276,106,062 | $(10,959,179) | -3.97% |
| 6 | 28 | 34 | Ireland | $261,058,059 | $137,701,065 | $123,356,994 | 89.58% |
| -3 | 29 | 26 | Israel | $253,635,804 | $252,580,340 | $1,055,464 | 0.42% |
| -1 | 30 | 29 | Chile | $218,018,694 | $179,418,910 | $38,599,784 | 21.51% |
| -1 | 31 | 30 | Sweden | $212,984,549 | $164,412,060 | $48,572,489 | 29.54% |
| -1 | 32 | 31 | Bangladesh | $188,463,425 | $158,017,873 | $30,445,552 | 19.27% |
| -1 | 33 | 32 | Cambodia | $188,197,873 | $147,054,547 | $41,143,326 | 27.98% |
| 10 | 34 | 44 | Russia | $133,849,162 | $79,388,274 | $54,460,888 | 68.60% |
| -2 | 35 | 33 | Spain | $108,099,821 | $141,052,802 | $(32,952,981) | -23.36% |
| 0 | 36 | 36 | Guatemala | $106,280,195 | $99,443,225 | $6,836,970 | 6.88% |
| 8 | 37 | 45 | United Arab Emirates | $105,828,765 | $74,000,147 | $31,828,618 | 43.01% |
| 12 | 38 | 50 | Colombia | $105,158,516 | $42,719,117 | $62,439,399 | 146.16% |
| 2 | 39 | 41 | Peru | $99,017,353 | $82,500,966 | $16,516,387 | 20.02% |
| -5 | 40 | 35 | Pakistan | $94,848,618 | $106,287,478 | $(11,438,860) | -10.76% |
| -1 | 41 | 40 | South Africa | $92,259,201 | $83,464,215 | $8,794,986 | 10.54% |
| -3 | 42 | 39 | Sri Lanka | $81,972,438 | $84,634,839 | $(2,662,401) | -3.15% |
| 6 | 43 | 49 | Costa Rica | $78,671,849 | $45,230,874 | $33,440,975 | 73.93% |
| -2 | 44 | 42 | Turkey | $76,653,817 | $81,488,873 | $(4,835,056) | -5.93% |
| -7 | 45 | 38 | Argentina | $76,407,954 | $86,975,016 | $(10,567,062) | -12.15% |
| -9 | 46 | 37 | Macao | $76,174,607 | $88,629,553 | $(12,454,946) | -14.05% |
| -1 | 47 | 46 | Austria | $73,485,759 | $66,095,737 | $7,390,022 | 11.18% |
| 3 | 48 | 51 | Denmark | $48,028,108 | $40,662,303 | $7,365,805 | 18.11% |
| -2 | 49 | 47 | Venezuela | $46,454,146 | $63,033,456 | $(16,579,310) | -26.30% |
| 14 | 50 | 64 | Aruba | $38,613,435 | $17,558,147 | $21,055,288 | 119.92% |
2nd annual L.A. TradeNumbers released (05/30/2007)
LA trade up at twice the national average (04/23/2007)
Los Angeles rips up the trade record book (02/13/2007)
$300 billion record set; next is new milestone with imports (02/01/2007)
Los Angeles poised to set U.S. trade record (12/11/2006)
LA trade continues march toward $300 billion (11/13/2006)
Deficit yes, but there is more balance, when viewed by nations (11/01/2006)
Six-month report: LA up 12 percent, slower than national average (08/30/2006)
A trifecta: Passing Japan, China is top destination for LA exports, in addition to imports and total trade (07/28/2006)
The nation's most important trade district continues its romance with fast growing Asia (03/15/2006)
LA trade growth at 11%
China, India, Ecuador are best performers (01/01/2006)
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