PortandTerminal.com, May 23, 2019
The Port of Los Angeles is no longer America’s largest port, further evidence that the U.S.-China trade war is having a deep impact on trade in the country
Laredo, TX – In March this year, the Port Laredo’s trade was $20.09 billion while trade through the Port of Los Angeles was $19.66 billion. Not much of a difference in real numbers, but a massive wake-up call to the country that the American/Chinese trade-war is having a real impact on trade.
The latest U.S. Census Bureau data available shows Laredo’s trade was up 9.52% from February while the Port of Los Angeles’ trade was down 10.01%.
The Laredo “Land Port”
Laredo’s land port consists of five bridges between the U.S. and Mexico. No other port has handled more trade with one country than Laredo does with Mexico, more than $228 billion in 2018. Mexico accounts for more than 97% of all Port Laredo trade (2018).
At the Port of Los Angeles, trade with China accounted for 51% of the port’s trade in 2018. That’s down to 45% through the first quarter of this year and 36% for the month of March.
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