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
Total California goods exports were up $0.8 billion in nominal terms from December 2021 (up 5.7%). In real terms, good exports were up 0.6% from December 2021, but were off 9.9% compared to the pre-pandemic levels in 2019.
California remained in 2nd place with 8.99% of all US goods exports (12 month moving total), behind Texas at 23.54%.
California Goods Imports
Total California destination goods imports dropped $3.8 billion in nominal terms from December 2021 (down 9.0%). In real terms, goods imports were down 12.0% from December 2021, but were up 2.6% compared to pre-pandemic December 2019.
Top 20 Exports, December 2022
Top 20 exports by value are shown below, along with the change from December 2021.
NAICS Commodity | Dec 2022 Exports ($b.) | Change from Dec 2021 |
Navigational/measuring/medical/control Instrument | $1.0 | 16.3% |
Computer Equipment | 0.9 | 0.7% |
Semiconductors & Other Electronic Components | 0.9 | -15.1% |
Industrial Machinery | 0.8 | -14.3% |
Fruits & Tree Nuts | 0.8 | 2.3% |
Pharmaceuticals & Medicines | 0.7 | -10.5% |
Aerospace Products & Parts | 0.7 | 10.4% |
Communications Equipment | 0.7 | 15.9% |
Petroleum & Coal Products | 0.6 | 94.1% |
Medical Equipment & Supplies | 0.5 | 8.3% |
Miscellaneous Manufactured Commodities | 0.4 | -19.1% |
Commercial & Service Industry Machinery | 0.4 | 88.4% |
Electrical Equipment & Components, Nesoi | 0.4 | 8.9% |
Waste & Scrap | 0.4 | 3.5% |
Basic Chemicals | 0.3 | 29.2% |
Motor Vehicles | 0.3 | 132.9% |
Other General Purpose Machinery | 0.3 | 20.2% |
Foods, Nesoi | 0.2 | 9.0% |
Other Fabricated Metal Products | 0.2 | 11.6% |
Plastics Products | 0.2 | -1.8% |
Top 10 Export Markets, December 2022
NAICS Commodity | Dec 2022 Exports ($b.) | Change from Dec 2021 |
Mexico | $2.3 | 6.1% |
Canada | 1.6 | -2.7% |
China | 1.4 | 1.4% |
Korea, South | 1.0 | 21.1% |
Japan | 1.0 | -7.5% |
Taiwan | 0.8 | 0.3% |
Netherlands | 0.6 | 5.0% |
Germany | 0.6 | 11.9% |
Singapore | 0.5 | 29.6% |
Hong Kong | 0.4 | -28.4% |