California’s Export Slump in August Not Just a Hanjin Thing — Panjiva
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California’s Export Slump in August Not Just a Hanjin Thing

Corp - Ports 909 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5399

Container handling at California’s big three ports climbed 6% on a year earlier in August. Imports climbed 7% while exports dropped 11%. That reflects a similar pattern to Virginia’s ports, and suggests room for a further increase in the U.S. trade deficit. Export handling at Long Beach slumped 26%. Potentially that’s the result early export shipments a year earlier ahead of the failure of Hanjin Shipping, though a 7% drop at Oakland suggests there is a more systematic problem for Californian agriculture and manufacturing. The good news: container handling in Long Beach and LA combined e...

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