Tuesday, December 13, 2011

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

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April marked the sixth consecutive month of shrinkin g exportsfor California, and it was the worstf April in four years, according to figures compiler by the based on data released Wednesday mornin by the . “Fafr from revealing any evidence of an impendingteconomic recovery, California’s export trade nose-diver in April,” Jock O’Connell, the UC Center’s international trade and economics adviser, said in a news The Golden State’s exports plummeted by more than a 25 perceny from export totals reported in same month last he noted. The value of California’s merchandise exports in Apri totaled $9.25 billion, 25.5 percent below the $12.
42 billion in goods the state shipped abroad in April oflast year. California’ s export trade began to deteriorate last and decreased by an average of abour 20 percent during the first quarter ofthis year, O’Connell said in the release. “In April, we plumberd new depths,” O’Connell said. “Thesr are the lowest California exporrt numbers for the month of Aprilsincr 2005.” California’s manufactured exports fell by 27.6 percent in April, whil agricultural goods and other non-manufactured exports declined by 27.9 percent. Re-exportzs of goods previously importex into the state were downby 15.2 O’Connell said.
The bleak export experience was evidenytat California’s ports and airports. The numbedr of outbound loaded containersw in April decreasedby 18.3 percent from the year earlier at the portw of Los Angeles and Long Beach. The Port of Oaklanx took less ofa hit, with a drop of 4.1 he said. International air freight tonnagde shrunkby 22.5 percent at while was off by 34.4 Importers felt the pain along with exporterx in April. The value of foreign goods entering the United States througn California declinedby 28.5 percent, the UC Centetr Sacramento analysis found.

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