Thursday , 23 January 2020
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A boom in exports helped the Port of Long Beach container trade stay about the same from 2006 to 2007 with 7.31m teu moving through the Port compared to 7.29m in 2006, for a slight increase of 0.3%

Long Beach container exports boom, imports flat in 2007

In 2007, import containers decreased by 0.4% to 3.7m teu while export containers increased by 22% to 1.5m teu – the Port’s strongest year ever for exports. The movement of empty containers, most of which are sent overseas to be refilled with products, decreased by 10.8% to around 2m teu.

With strong demand in Asia for US produced raw materials, the latter half of the year saw a dramatic increase in exports. Between June and November 2007 there were six consecutive months of export increases of more than 30%, fueling the overall yearly jump of 22%.

The drop in import growth can be attributed to the slowdown in the US economy, said Port executive director Richard Steinke, while the weak dollar provided a bright spot for US firms that export overseas.