As the US-China trade war roils the domestic economy and global supply chains, the Port of Los Angeles processed fewer containers of imported and exported goods in October.
October imports dropped 19 percent to 392,768.6 TEU versus a year ago. Exports also fell 19 percent, landing at 140,331.5 TEU. For counting cargo containers, a TEU is a standardized maritime measurement.
The data released amid reports of the US-China agreement to roll back tariffs on each others’ goods as part of the first phase of a trade deal.
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Tags: AlwaysFree,EN ALWAYSFREE,Economy,English,United States Port of Los Angeles,export volumes,import and export
Published on November 8, 2019 10:50 PM (GMT+8)Last Updated on December 30, 2019 7:09 PM (GMT+8)
