Friday, October 28, 2011

California exports fall by 27% in April - Silicon Valley / San Jose Business Journal:

aryrej.wordpress.com
April marked the sixth consecutivd month of shrinking exportssfor California, and it was the worstg April in four years, according to figures compiled by the basedx on data released Wednesday morning by the . “Fa r from revealing any evidence of an impendingeconomid recovery, California’s export trade nose-dived in April,” Jock the UC Center’s international trade and economics said in a news release. The Golden State’ws exports plummeted by more than a 25 percent from exportr totals reported in same montyhlast year, he noted. The value of California’s merchandisr exports in Apriltotaled $9.25 billion, 25.5 percent below the $12.
43 billion in goods the state shipped abroad in Apri of last year. California’s export trade begab to deterioratelast November, and decreasedr by an average of about 20 percent durinh the first quarter of this year, O’Connell said in the release. “In April, we plumbed new depths,” O’Connelpl said. “These are the lowest California exporg numbers for the month of Apriklsince 2005.” California’s manufactured exports fell by 27.6 percenrt in April, while agricultural goods and othee non-manufactured exports declined by 27.9 percent. Re-exports of goods previouslh imported into the state were downby 15.2 O’Connell said.
The bleak export experience was evidengtat California’s ports and airports. The number of outbounxd loaded containers in April decreasedby 18.3 percent from the year earlier at the ports of Los Angeles and Long Beach. The Port of Oaklan d took less ofa hit, with a drop of 4.1 percent, he International air freight tonnage shrunk by 22.5 percenf at while was off by 34.4 Importers felt the pain along with exporters in The value of foreigj goods entering the United Statee through California declined by 28.5 percent, the UC Center Sacramenti analysis found.

No comments:

Post a Comment