Web Version [link removed] | Update Preferences [link removed] [link removed] California Trade Report
for December 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 18.0% CA Share of Total Trade Through US Ports
The share of total US goods trade (exports and imports) through California ports edged up to 18.02% (12 month moving average; compared to 17.94% in November 2020 and 17.54% in December 2019).
California remained the #1 state, ahead of Texas with 16.92% (compared to 17.01% in November 2020 and 17.88% in December 2019). Trade through the Atlantic port states was at 30.62% (compared to 30.65% in November 2020 and 29.87% in December 2019). 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 alone provided 684,200 jobs in December (little changed from 684,100 in December 2019), paying an average annual salary of $61.6k. This employment base in turn supports additional blue-collar and white-collar jobs in a range of other industries.
California Goods Exports Up Slightly $0.0 Billions in Exports
Total California goods exports were largely unchanged with a gain of $24 million from December 2019 (up 0.2%), as the trend towards recovery in this indicator finally turned positive. Total state exports in the period February through November were down a total of $17.6 billion (off 12%) compared to the same period in 2019. In December, California remained in 2nd place with 10.91% of all US goods exports (12 month moving total), behind Texas at 19.51%.
California's Balance for Goods Trade -$22.4b Billion of Goods Trade
California’s balance of goods trade activity through state businesses broadened to -$22.4 billion, compared to a level of -$19.2 billion in December 2019. California trade accounted for 27% of the US trade deficit in goods in December 2020.
Top 20 Exports, December 2020
Top 20 exports by value are shown below, along with the change from December 2019.
Top 10 Export Markets, December 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]