California’s export trade dipped in October, according to a Beacon Economics’ analysis of U.S. trade statistics by the U.S. Census Bureau.
Foreign shipments by California businesses totaled $14.82 billion for the month, a nominal 2.6 percent decline from the $15.21 billion recorded in October 2016.
The state’s exports of manufactured goods fell 4.6 percent to $8.87 billion from $9.30 billion one year earlier. Exports of non-manufactured goods (chiefly agricultural products and raw materials) ebbed slightly by 0.4 percent to $2.31 billion from $2.32 billion. Re-exports, meanwhile, rose by 1.7 percent to $3.65 billion from $3.59 billion.