News Column

Value of Calif. Exports Down Slightly From August Last Year

Oct. 11, 2012

Mark Glover, The Sacramento Bee

california seal

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.

Source: (c)2012 The Sacramento Bee (Sacramento, Calif.) Distributed by MCT Information Services

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