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
Billion in Exports
Total California goods exports were down $0.1 billion from July 2019 (down 0.4%). California remained in 2nd place with 10.77% of all US goods exports (12-month moving total), behind Texas at 20.13%.
California's Balance for Goods Trade
Billion of Goods Trade
California’s balance of goods trade activity through state businesses broadened to -$23.0 billion, compared to a level of -$22.4 billion in July 2019. California trade accounted for 26% of the US trade deficit in goods in July 2020.
Top 20 Exports, July 2020
Top 20 exports by value are shown below, along with the change from July 2019.
By shipping weight (vessel and air total), the leading export was Waste & Scrap at 0.9 billion kg (34% of total exports), followed by Petroleum & Coal Products at 0.7 billion kg (27%), and Other Agricultural Products at 0.2 billion kg (7%).
Top 10 Export Markets, July 2020