Web Version [link removed] | Update Preferences [link removed] [link removed] California Trade Report
for January 2020
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
The share of total US goods trade (exports and imports) through California ports continued dropping to 17.46% (12 month moving average; compared to 17.54% in Dec 2019 and 18.14% in Jan 2019).
California remained the #2 state, behind Texas with 17.94% (compared to 17.90% in Dec 2019 and 17.62% in Jan 2019). Trade through the Atlantic port states was at 29.86% (compared to 29.88% in Dec 2019 and 29.36% in Jan 2019).
California Goods Exports Decrease -$0.3 Billion In Exports
Total California goods exports were down $0.3 billion from Jan 2019 (down 2.4%). California remained in 2nd place with 10.52% of all US goods exports (12 month moving total), behind Texas at 20.21%.
California's Balance for Goods Trade -$18.5 Billion of Goods Trade
California’s balance of goods trade activity through state businesses narrowed to -$18.5 billion, compared to a level of -$20.6 billion in Jan 2019. California trade accounted for 28% of the US trade deficit in goods in Jan 2020.
Top 20 Exports, January 2020
Top 10 exports by value are shown below, along with the change from Jan 2019
By shipping weight (vessel and air total), the leading export was Petroleum & Coal Products at 1.3 billion kg (38% of total exports), followed by Waste & Scrap at 1.0 billion kg (29%), and Fruits & Tree Nuts at 0.2 billion kg (4%).
Top 10 Export Markets, January 2020 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]
