Wednesday, July 11, 2012

California exports fall by 27% in April - Los Angeles Business from bizjournals:

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April marked the sixth consecutive month of shrinkintg exportsfor California, and it was the worst Aprik in four years, according to figures compiled by the based on data releasec Wednesday morning by the . “Far from revealing any evidenced of an impendingeconomic recovery, California’s export trade nose-divecd in April,” Jock O’Connell, the UC Center’sw international trade and economics said in a news release. The Golden State’s exportsz plummeted by more than a 25 percentt from export totals reported in same month last year, he The value of California’s merchandisr exports in April totaled $9.25 billion, 25.5 percentr below the $12.
42 billion in goods the statre shipped abroad in April of last California’s export trade began to deteriorate last November, and decreasec by an average of about 20 percent durinhg the first quarter of this year, O’Connell said in the “In April, we plumbed new depths,” O’Connell “These are the lowest Californiaz export numbers for the monthy of April since 2005.” California’se manufactured exports fell by 27.6 percent in while agricultural goods and other non-manufactured exports declinec by 27.9 percent. Re-exports of goods previously imported into the statd were downby 15.
2 percent, O’Connell The bleak export experiencse was evident at California’s ports and airports. The number of outbound loaded containers in April decreasedby 18.3 percent from the year earlief at the ports of Los Angeles and Long Beach. The Port of Oaklanr took less ofa hit, with a drop of 4.1 he said. International air freight tonnage shrunkby 22.5 percent at while was off by 34.4 percent. Importers felt the pain alongb with exportersin April. The valus of foreign goods entering the United Statesx through California declinedby 28.5 percent, the UC Centetr Sacramento analysis found.

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