California exports saw a year-over-year decline for the second month in a row in August.
California businesses shipped goods valued at $13.22 billion in August, down 5 percent from $13.91 billion in August 2011, according to an analysis of today's U.S. Commerce Department trade figures by Beacon Economics, a consulting firm with offices in the Bay Area and Los Angeles.
State exports actually exceeded July's total of $13.09 billion.
July marked the end of a 32-month streak of year-over-year export gains, a development analysts said was a byproduct of tepid or sagging economies worldwide.
On the import side, California took in $32.11 billion in August, down slightly from $32.18 billion in August last year. Some goods entering California go to other states, so exports are considered a more accurate measure of the state's trade health.
Nationally, the U.S. trade deficit widened to $44.2 billion from July to August.
Exports of U.S. goods and services fell 1 percent to $181.3 billion, the lowest level in six months. The Commerce Department said demand for American-made cars and farm goods declined.
Imports fell 0.1 percent to $225.5 billion.
Most Popular Stories
- Major Phone Makers Sign Anti-Phone-Theft Pledge
- College Board Offers a Sneak Peak at New SAT
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text
- Salsa Legend Cheo Feliciano Killed in Car Crash
- Miss. Gov. Signs Bills to Curb Unions
- New Auto Plant to Create 155 Jobs in Kentucky
- Google Q1 Earnings Dip as Ad Prices Slip
- Generating Solar Power in the Dark
- Earthlike Planet Found in Red Dwarf's Goldilocks Zone
- Hiring and Weekly Jobless Claims Both Edge Up