by calculated risk October 18, 2024 03:49:00 PM
Container traffic volume helps determine the amount of goods being imported and exported. Some tips about trading reports That’s because ports in the Los Angeles area handle about 40% of the nation’s container port traffic.
The following graph shows the incoming and outgoing traffic on the port. Los Angeles and long beach Expressed in TEU (Twenty Foot Equivalent Unit, or 20 foot long cargo container).
To remove the strong seasonal component of inbound traffic, the first chart shows a 12-month rolling average.
Click on the graph to see a larger image.
On a rolling 12-month basis, inbound traffic increased 1.2% in September compared to the rolling 12-month period ending in August. Outbound traffic decreased by 0.7% compared to the rolling 12 months prior.
Import volumes typically peak from July to October as retailers import goods for the Christmas holidays, then decline sharply and bottom out in the winter, depending on the timing of the Lunar New Year.
Imports in September were up 14% year-on-year, while exports were down 9% year-on-year.
Imports did very well in August and September as retailers geared up for the holiday season, potentially helping to beat the tariff hike.
It is also possible that some importers may have moved shipments to West Coast ports to avoid a potential strike (now resolved).
