Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis, which incorporates revisions to the monthly data beginning in 2015. To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
The April data continues to reflect the downturn in the economy stemming from the global supply disruptions that began with the closures in China, but now reflecting a gradual resumption of trade activity. As shown in the table below, goods trade with China, Hong Kong, and Macau through the state’s ports was down 10.3% from the year earlier, a marked improvement from the March slide of 34.0%, but with imports still showing depressed levels.
|Trade through California Ports ($ billion):
China, Hong Kong, Macau
|Apr 2019||Apr 2020||Change|
|Total Trade Activity||$18.6||$16.7||-10.3%|