Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. The April data includes the annual revisions to prior years, in this case revisions going back to 2017. Changes to the California numbers were relatively minor, with export flows somewhat higher and import flows somewhat […]
Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. California origin exports were up sharply by 14.9% compared to March 2021, and 8.5% compared to the pre-pandemic level in March 2019. While significant in nominal terms, adjusting for inflation instead shows that the state’s […]
In nominal terms, California origin exports exceeded the pre-pandemic 2019 levels for the 4th month in a row. In real terms, however, the numbers continue to show a decline.
In nominal terms, California origin exports exceeded the pre-pandemic 2019 levels for the 4th month in a row. In real terms, however, the numbers continue to show a decline.
In nominal terms, California origin exports exceeded the pre-pandemic 2019 levels for the 4th month in a row. In real terms, however, the numbers continue to show a decline.
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.
While goods flows through the state’s ports have largely returned to pre-pandemic levels and begun an expansion, port congestion continues to delay shipments, adding to shortages of both components and finished goods and contributing to the current inflationary surge.
While many of the May numbers show substantial increases over the prior year, these outcomes are due to comparisons at the low levels from May 2020 when world trade was substantially restrained by the pandemic. Comparisons instead against numbers from 2019 give a more realistic picture of ongoing trends and the extent to which trade activities in the state are moving towards recovery.
While normally more subdued period following the holiday related traffic, the state’s ports broke February records as imports continued to surge. In total value, imports through the state’s ports climbed 23.7% from the year earlier. The number of TEUs (20-foot equivalent units; loaded and empty) moved jumped 46.92% in the Port of Los Angeles, 43.3% in Long Beach, and 6% in Oakland.
While normally more subdued period following the holiday related traffic, the state’s ports broke February records as imports continued to surge. In total value, imports through the state’s ports climbed 23.7% from the year earlier. The number of TEUs (20-foot equivalent units; loaded and empty) moved jumped 46.92% in the Port of Los Angeles, 43.3% in Long Beach, and 6% in Oakland.
While normally more subdued period following the holiday related traffic, the state’s ports broke February records as imports continued to surge. In total value, imports through the state’s ports climbed 23.7% from the year earlier. The number of TEUs (20-foot equivalent units; loaded and empty) moved jumped 46.92% in the Port of Los Angeles, 43.3% in Long Beach, and 6% in Oakland.