Web Version [link removed] | Update Preferences [link removed] [link removed] California Trade Report
for June 2025
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 [[link removed]].
Trade statistics in June again were buffeted by tariff policy shifts, with the latest deadline for tariff agreements now set for August 7 [[link removed]]. Trade levels consequently have been affected more by timing decisions attempting to beat the latest deadlines rather than pure economic considerations. For example, the dramatic shift in imports between the first and second quarters was more a redistribution of when those imports took place rather than a shift in the overall levels. This factor continued in June, when nationally [[link removed]] the goods and services trade deficit fell 16.0% as exports eased more slowly (-0.5%) than imports (-3.7%). With the number of trade agreements ramping up, a level of certainty if not yet stability is beginning to enter the trade picture, but the outcome of this week’s latest deadline along with other recent moves such as the announced intention to impose secondary tariffs [[link removed]] related to Russia will shed more light on expected trade levels during what would normally be the holiday shipping peaks. The trade uncertainty, however, has yet to have substantial effects [[link removed]] on the economy including jobs and prices, particularly as many companies to date have absorbed much of the resulting costs and as reshoring investments in many cases remain premature given this continuing uncertain investment climate. As additional agreements are completed and the longer-term cost picture becomes more apparent, both of these outcomes are likely to change, with some additional tariff costs passed onto customers and investments again being assessed with at least this source of risk narrowed.
For California, goods trade through the state’s ports eased only $0.7 billion (-1.0%) in nominal terms from June 2024 but rose $2.6 billion (3.6%) compared to the previous month. Year-to-date trade activity levels again showed improvement over prior years in both nominal and real terms.
Export price levels have seen some growth in the past few months, but both exports and imports overall have shown little change so far this year. Note that previous versions of the Annual Change chart below were mislabeled and have been corrected in this version.
Share of Goods through US Ports 16.5% CA Share of Total Trade Through US Ports
The share of total US goods trade (exports and imports) through California ports edged down to 16.54% (12 month moving average; compared to 16.57% in May 2025 and 15.94% in June 2024).
California remained the #2 state, behind Texas which had a 19.48% share (compared to 19.40% in May 2025 and 20.21% in June 2024). Trade through the Atlantic port states was at 30.07% (compared to 30.11% in May 2025 and 29.62% in June 2024). These trade flows form the trade-related base for one of California’s largest centers of middle-class, blue-collar jobs. Transportation & Warehousing alone provided 771,100 jobs in June 2025, compared to 758,100 in June 2024.
California Goods Exports $0.0 Billion Change in Exports
Total California origin goods exports were essentially unchanged, up only $0.02 billion from June 2024 (up 0.1%). California remained in 2nd place with 8.94% of all US goods exports (12 month moving total), behind Texas at 21.54%.
California Goods Imports -$1.7 Billion Change in Imports
Total California destination goods imports fell $1.7 billion from June 2024 (down 3.9%).
Top 20 Exports, June 2025
Top 20 exports by value are shown below, along with the change from Jun 2024.
Top 10 Export Markets, June 2025 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]
