Web Version [link removed] | Update Preferences [link removed] [link removed] California Trade Report
for December 2019
Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca. [[link removed]]
Share of Goods through US Ports 17.5% CA Share of Total Trade Through US Ports
Total US goods trade (exports and imports) through California ports edged down to 17.54% (12 month moving average; compared to 17.67% in Nov 2019 and 18.15% in Dec 2018).
California remained the #2 state, behind Texas with 17.90% (compared to 17.79% in Nov 2019 and 17.57% in Dec 2018). Trade through the Atlantic port states was at 29.88% (compared to 29.86% in Nov 2019 and 29.3% in Dec 2018). The state’s continued lead in this area forms the trade-related base for one of California’s largest centers of middle-class, blue-collar jobs. Transportation & Warehousing continued rising with 653,500 jobs in Dec (up from 641,600 in Dec 2018), paying an average annual salary of $63.5k. This employment base in turn supports additional blue-collar and white-collar jobs in a range of other industries.
California Goods Exports Decrease $0.1 Billion in Exports
Total California goods exports were up $0.1 billion from Dec 2018 (up 0.6%). California remained in 2nd place with 10.54% of all US goods exports (12 month moving total), behind Texas at 20.09%.
California's Balance for Goods Trade -$19.1 Billion of Goods Trade
California’s balance of goods trade activity through state businesses dropped to -$19.1 billion, compared to a level of -$22.9 billion in Dec 2018. California trade accounted for 29% of the US trade deficit in goods in Dec 2019.
Top 20 Exports, December 2019
Top 20 exports by value are shown below, along with the change from Dec 2018.
By shipping weight (vessel and air total), the leading export was Petroleum & Coal Products at 1.2 billion kg (35% of total exports), followed by Waste & Scrap at 0.9 billion kg (26%), and Fruits & Tree Nuts at 0.2 billion kg (5%).
Top 10 Export Markets, December 2019 Visit the center for jobs » [[link removed]] The California Center for Jobs and the Economy provides an objective and definitive source of information pertaining to job creation and economic trends in California. [[link removed]] Contact 1301 I Street Sacramento, CA 95814 916.553.4093 If you no longer wish to receive these emails, select here to unsubscribe. [link removed]
