News Column

California Posts Impressive Export Totals

Dec. 11, 2012

Mark Glover

California exports held serve and a little bit more in October.

In-state businesses shipped goods valued at $13.87 billion in October, up about 0.4 percent from $13.81 billion in October 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.

October's total was a nearly 8 percent improvement over September's $12.87 billion.

The small year-over-year improvement broke a three-month string of declines, although Beacon said the October-to-October total represented a 2.4 percent decline when adjusted for inflation.

July marked the end of a 32-month streak of gains.

On the import side, California took in $35.54 billion in October, up from about $32 billion in October 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 swelled 4.8 percent to $42.3 billion from September to October.

Exports dipped 3.6 percent to $180.5 billion. Officials said sales of commercial aircraft, autos and farm products were down. Imports fell 2.1 percent to $222.8 billion.

Distributed by MCT Information Services

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: (c) 2012 The Sacramento Bee (Sacramento, Calif.)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters