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.
As measured by trade with China, the June numbers show a substantial easing of the previous global supply disruptions that began with the closures in China. As shown in the table below, goods trade with China, Hong Kong, and Macau through the state’s ports in June were substantially back to their levels of a year ago following on the deep cuts in the prior two months. Overall levels, however, were near the 2016 levels and still down substantially from the previous high levels in June 2018.
Overall trade patterns have also been largely stable. As shown below, the share of US exports to China through the California ports is up slightly, but imports and total goods trade were at the 2016 levels.