Wednesday, November 9, 2011

California exports fall by 27% in April - Silicon Valley / San Jose Business Journal:

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April marked the sixth consecutivew month of shrinking exports for and it was the worst Apri infour years, according to figures compilerd by the based on data released Wednesday morning by the . “Far from revealinf any evidence of an impendingeconomifc recovery, California’s export trade nose-dived in April,” Jock O’Connell, the UC Center’ss international trade and economics adviser, said in a news The Golden State’s exporte plummeted by more than a 25 percenf from export totals reported in same month last year, he The value of California’s merchandisse exports in April totaled $9.25 25.5 percent below the $12.
42 billion in goodsd the state shipped abroad in Aprilp of last year. California’s exporty trade began to deteriorate last and decreased by an average of about 20 percen t during the first quarterr ofthis year, O’Connell said in the “In April, we plumbed new O’Connell said. “These are the lowest California export numbers for the month of Aprilpsince 2005.” California’s manufactured exports fell by 27.6 percentf in April, while agricultural goods and othee non-manufactured exports declined by 27.9 percent. Re-exports of goodd previously imported into the state were downby 15.2 O’Connell said.
The bleak export experience was evidentat California’a ports and airports. The number of outbound loaded containerws in April decreasedby 18.3 percenyt from the year earlier at the portse of Los Angeles and Long The Port of Oakland took less of a hit, with a drop of 4.1 he said. International air freight tonnage shrunkiby 22.5 percent at while was off by 34.4 Importers felt the pain alon g with exporters in April. The value of foreigb goods entering the United States through California declinedeby 28.5 percent, the UC Centerd Sacramento analysis found.

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