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 $0.9 billion from September 2019 (down 6.4%). California remained in 2nd place with 10.82% of all US goods exports (12 month moving total), behind Texas at 19.96%.
California's Balance for Goods Trade
California’s balance of goods trade activity through state businesses broadened to -$23.9 billion, compared to a level of -$20.7 billion in September 2019. California trade accounted for 28% of the US trade deficit in goods in September 2020.
Top 20 Exports, September 2020
Top 20 exports by value are shown below, along with the change from September 2019.
By shipping weight (vessel and air total), the leading export was Waste & Scrap at 1.0 billion kg (35% of total exports), followed by Petroleum & Coal Products at 0.9 billion kg (31%), and Fruits & Tree Nuts at 0.2 billion kg (6%).
|Commodity||Sep 2020 Exports ($b.)||Change from Sep 2019|
|Semiconductors & Other Electronic Components||0.8||-3.2%|
|Fruits & Tree Nuts||0.8||-1.9%|
|Pharmaceuticals & Medicines||0.7||14.2%|
|Miscellaneous Manufactured Commodities||0.5||-26.8%|
|Aerospace Products & Parts||0.5||-43.6%|
|Medical Equipment & Supplies||0.4||-3.7%|
|Waste & Scrap||0.4||37.2%|
|Electrical Equipment & Components, Nesoi||0.3||-18.3%|
|Other General Purpose Machinery||0.3||18.7%|
|Used Or Second-hand Merchandise||0.2||-38.0%|
|Motor Vehicle Parts||0.2||-0.4%|
|Petroleum & Coal Products||0.2||-39.1%|
|Commercial & Service Industry Machinery||0.2||-35.2%|
Top 10 Export Markets, September 2020
|Country||Sep 2020 Exports ($b)||Change from Sep 2019|