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SBA Export Outreach Team Annual Meeting October 18, 2016. America’s Gateway to the Pacific Rim. United States. Busan , South Korea. Yokohama , Japan. Shanghai, China. Mexico. Kaohsiung, Taiwan. Manzanillo. Lazaro Cardenas. Quetzal, Guatemala. Acajutla , El Salvador.
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America’s Gateway to the Pacific Rim United States Busan, South Korea Yokohama, Japan Shanghai, China Mexico Kaohsiung, Taiwan Manzanillo Lazaro Cardenas Quetzal, Guatemala Acajutla, El Salvador Vung Tau, Vietnam Punta Manzanillo, Panama Balboa, Panama Australia Valparaiso, Chile Sydney Auckland Tauranga Melbourne New Zealand
The Number # 1 U.S. Customs District Gateway; • Record Year in 2014 with $ 128 Billion in Exports • Huge & Diverse Local Consumer Market • Low Transport Cost Between Port & Airport • Proximity of Airport & Ports • Intense Price Competition between Shipping Lines • Low Export Rates • Huge number of specialized service companies • & talented professionals with linguistic skills and international cultural understanding • Largest concentration of Manufacturing in the U.S. Southern California Cargo Gateway Strengths
Most numerous & frequent sailings to & from Asia, Australia & the West Coast of Latin America • 16 Container Shipping Lines • 13 Container Terminals; 80 + Sailings per Week • Greatest number of overseas Ports of Call • Equipment availability • Greatest number of logistics & distribution centers in the U.S. • Largest Foreign Trade Zone in the U.S. • 100 trains per day to & from LA/LB Ports • Unrivalled Rail & Intermodal Capabilities Southern California Cargo Gateway Strengths
What Makes the Southern California Region A Strategic Platform for Trade ? POPULATION: Mega-Region of 22 million 10 million in Los Angeles County 17.5 million five-county LA Metro Region 140 languages from around the world 97 Consulates LA Metro Region’s GDP: $826.8 Billion Ranked 18th largest economy in the World Larger GDP than Saudi Arabia or Switzerland MANFACTURING, LABOR & INTELLECTUAL CAPITAL: Priceless #1 Manufacturing Capital of the US 14,000-strong longshore workforce 3 World-class research institutions: UCLA, USC, CalTech Most PhD’s in the US Most Patents in the US RESOURCES: Substantial 1.8 billion sq.ft. of warehouse/distribution space w/in 80 miles Nation’s Largest Clean Truck Fleet Busiest origin/destination airport (LAX) $4.1 billion investment in infrastructure
Top 20 Markets (LA Customs District - 2015) • 1. China $ 159 billion • 2. Japan $ 39 billion • 3. Korea $ 24 billion • 4. Taiwan $ 16 billion • 5. Vietnam $ 14 billion • 6. Germany $ 12 billion • 7. Thailand $ 11 billion • 8. Hong Kong $ 10 billion • 9. India $ 10 billion • 10.Australia $ 8 billion • 11. Malaysia $ 8 billion • 12. Indonesia $ 7 billion • 13. U.K. $ 7 billion • 14. Singapore $ 7 billion • 15. Philippines $ 5 billion • 16. Italy $ 4 billion • 17. Netherlands $ 3 billion • 18. Switzerland $ 3 billion • 19. France $ 3 billion • 20. Mexico $ 3 billion
Top 20 imports (LA Customs District - 2015) • 1. Motor vehicles • 2. Computers • 3. Oil • 4. Cell phones & parts • 5. TV’s & Monitors • 6. Printers & parts • 7. Leather shoes • 8. Motor vehicle parts • 9. Toys • 10.Computer chips • 11. Sweaters • 12. Furniture & parts • 13. Computer parts • 14. Rubber tires • 15. Travel goods • 16. Diamonds • 17. Shoes • 18. Rubber shoes • 19. Seats • 20. Semi Conductors
Top 20 EXPORTS (LA Customs District - 2015) • Civilian Aircraft & Parts • Diamonds • Cell Phones & Parts • Gold • Motor vehicles • Computers • Computer chips • Medical instruments • Cotton • Motor vehicle parts • 11. Frozen beef • 12. Prepared foods, beverages • 13. Almonds & Nuts • 14. Semi-conductor • 15. Centrifuges & parts • 16. Paper • 17. Hides • 18. Military aircraft parts • 19. Valves & pipes • 20. Iron Scrap
Benefits of Our LA/Long Beach Ports A Regional Economic Engine L.A. Customs District’s 2015 Total Trade $394.0 Billion San pedro bay PORTs’ share… $409.8 Billion
FREE TRADE AGREEMENTS • Growth Markets in the Pacific Rim & S. E. Asia • The Trans Pacific Partnership (TPP) • The ASEAN Economic Community • West Coast of Latin America • Trade Growth with Europe (TTIP) TRADE & THE SOUTHERN CALIFORNIA GATEWAY: Emerging Opportunities
PACIFIC RIM & S.E. ASIA • ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) • 10 COUNTRIES • BRUNEI • CAMBODIA • INDONESIA • LAOS • MALAYSIA • MYANMAR • PHILIPPINES • SINGAPORE • THAILAND • VIETNAM • $ 2.5 TRILLION ECONOMY • 650 MILLION POPULATION • ASEAN ECONOMIC COMMUNITY
TRANSATLANTIC TRADE & INVESTMENT PARTNERSHIP (TTIP) • E.U. POPULATION – 508 MILLION • TTIP – 11% OF GLOBAL POPULATION • $ 18 TRILLION ECONOMY • TWO OF MOST MODERN AND DEVELOPED ECONOMIES • PROJECTED IMPACT ON US ECONOMY - $ 88 BILLION • CALIFORNIA EXPORTS TO E.U. - $ 25 BILLION (2012) • PROJECTED IMPACT ON CALIFORNIA – 26% GROWTH • 3rd LARGEST TRADING PARTNER OF LA Customs District !
Los Angeles Offers One of the Most Extensive Transportation Networks in the World • Key Facts: • LA/LB ports are the largest container-shipping facility in the U.S. • LA’s Alameda Corridor is the busiest intermodal rail yard in the nation: 100 trains per day to 13 U.S. markets • LAX has over 1,000 • cargo flights each day linking Los Angeles to the World London Chicago Tokyo L.A. Shanghai Mexico City Santiago Sydney LAX is the 13th busiest airport in the world Ground transportation network is far-reaching L.A. port complex handles 44% of all containerized imports into the U.S. L.A.’s rail yards move goods efficiently from West to East Coast
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