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.
California Goods Exports Decrease
Total California goods exports were down $1.3 billion from Dec 2017 (down 8.7%). California remained in 2nd place with 10.72% of all US goods exports (12 month moving total), behind Texas at 18.96%.
California's Balance for Goods Trade
Billion of Goods Trade
California’s balance of goods trade through state businesses narrowed slightly to -$22.9 billion, compared to a level of -$23.0 billion in Dec 2017. California trade accounted for 31% of the US trade deficit in goods in Dec 2018.
Top 10 Exports, December 2018
Top 10 exports by value are shown below, along with the change from Dec 2017. As markets continued to erode for recycled materials in particular as a result of China’s actions, Waste & Scrap dropped out of the Top 10 list when ranked by value but remained #2 when measured by weight.
By shipping weight (vessel and air total), the leading export was Petroleum & Coal Products at 1.2 billion kg (35% of total exports), followed by Waste And Scrap at 1.0 billion kg (29%), and Agricultural Products at 0.4 billion kg (12%).
Top 10 Export Markets, December 2018