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California Trade Report
for August 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.

 
Share of Goods through US Ports
 
17.9%
 
CA Share of Total Trade Through US Ports
 
 

Total US goods trade (exports and imports) through California ports edged down to 17.87% (12 month moving average; compared to 17.90% in Jul 2019 and 18.21% in Aug 2018).

California remained the #1 state, ahead of Texas with 17.76% (compared to 17.72% in Jul 2019 and 17.37% in Aug 2018). Trade through the Atlantic port states was at 29.64% (compared to 29.61% in Jul 2019 and 29.38% in Aug 2018).  The gap between the two states, however, has been closing, with the stage set for a ranking reversal as took place in 2012.

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 623,300 jobs in Aug (up from 610,300 in Aug 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.

 
 
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California Goods Exports Decrease
 
-$0.3
 
Billion in Exports
 
 

Total California goods exports were down $0.3 billion from Aug 2018 (down 1.8%). California remained in 2nd place with 10.55% of all US goods exports (12 month moving total), behind Texas at 19.68%.  The spread between the two states has been widening since 2016.

 
 
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California's Balance for Goods Trade
 
-$20.4
 
Billion of Goods Trade
 
 

California’s balance of goods trade through state businesses narrowed to -$20.4 billion, compared to a level of -$22.5 billion in Aug 2018. California trade accounted for 26% of the US trade deficit in goods in Aug 2019.

 
 
Top 10 Exports, August 2019
 

Top 10 exports by value are shown below, along with the change from Aug 2018
 
By shipping weight (vessel and air total), the leading export was Petroleum & Coal Products at 1.4 billion kg (37% of total exports), followed by Waste & Scrap at 1.0 billion kg (27%), and Agricultural Products at 0.3 billion kg (9%).

 
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Top 10 Export Markets, August 2019
 
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