Cali Ports’ Performance Heralds Higher Trade Deficit Nationally — Panjiva
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Cali Ports’ Performance Heralds Higher Trade Deficit Nationally

Corp - Ports 908 Logistics 476 Mode - Containerized 1523 Mode - Seaborne 1845 Trade Balance 935 U.S. 5398

Import growth from Asia led to container handling expansion in all three of California’s major ports in March. Total handling at the Port of Los Angeles jumped 29%, outstripping Long Beach’s 9% after the latter experienced a 5% drop in exports. Oakland’s handling increased 11%, the fastest rate of growth since February 2013 excluding strikes and resulting in the best month of March since 2006. The pattern of import growth (25% across the three ports) being higher than exports (8% higher) was similar to that seen in Virginia and raises the risk of a higher trade deficit nationally.

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