Econintersect’s analysis of container traffic in June 2011 shows an outright contraction year-over-year in imports – which overshadows a modest 7.4% year-over-year growth in exports.
Container traffic through the Ports of Los Angeles and Long Beach is up 5% for imports and 5.4% for exports YoY in May 2011. This is approximately the average growth we have been seeing so far this year.
Container traffic through the Ports of Los Angeles and Long Beach is up 7.2% for imports and 7.6% for exports YoY in April 2011. Economic health of a country can be tracked by following the transport of goods and materials. If the goods transport is rising, the economy is improving. Conversely when goods transport is falling, the economy is contracting.
Econintersect likes to count “things” to validate the dollar denominated improvements reported by the USA Government. When you count, arguments about inflation and cost changes almost disappear. There is positive economic news in the movement of containers to and from the USA.
Export container counts grew YoY by 1%. Imports grew by 7%. This indicates a growing trade balance deficit.