Port of LB Says Jan 2012 Imports Down 5.5%, Exports Down 8.2%
On February 15, 2012, the Port of Long Beach announced that its container trade volume dropped 3.9 percent overall in January 2012 compared to the same period last year. Imports were down 5.5 percent and exports dipped 8.2 percent. Import…
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volumes at the Port typically pick up leading up to the Chinese New Year (which was on January 23), as U.S. retailers stock up their shelves in anticipation of the holidays in Asia when most factories close down for a week or more. Conversely, exports of raw materials to China slow down. According to the Port, the decline in imports reflects caution in the retail sector.