Port of LB Says Feb 2012 Imports Down 18.1%, Exports Down 1.6%
The Port of Long Beach has announced that container trade volume at the Port dropped 15.2 percent overall in February 2012 compared to the same period in 2011. Imports were down 18.1 percent, and exports dipped 1.6 percent. According to…
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the Port, the drop in imports is partly attributable to the early Chinese New Year. Import volumes typically fall following the New Year as factories in Asia close for a week or more during the holidays. Last year, the New Year fell on February 3 and the slow down was felt in the latter part of the month and into early March. This year, the New Year fell on January 23, putting the entire slow down period in February. Import containers accounted for 191,475 TEUs in February 2012 compared to 233,660 TEUs in February 2011 and export containers fell to 120,006 TEUs from 121,929 TEUs. Empty container moves were down 25 percent to 77,108 TEUs compared to 102,747 TEUs in February. Most empty containers are bound overseas.