The value of California’s merchandise exports in November was $12.86 billion, down 13.6 percent from $14.89 billion in November 2014 and the worst November showing since 2009, according to Beacon Economics.
Beacon, a consulting firm with offices in the Bay Area and Los Angeles, on Wednesday broke down California’s export totals from U.S. Commerce Department figures.
“Buyers abroad are pinching their pesos, loonies, yuan, yen and euros, assuming they have any,” said Jock O’Connell, Beacon’s international trade adviser. “Then they’re reckoning with the fact their currencies are buying far fewer greenbacks. It’s not an ideal time to be an American exporter.”
