Monday, August 15, 2011

California exports fall by 27% in April - Dayton Business Journal:

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April marked the sixth consecutive month of shrinking exportssfor California, and it was the worsft April in four years, accordingf to figures compiled by the based on data releasef Wednesday morning by the . “Fae from revealing any evidence of an impendingeconomic recovery, California’s export trade nose-dived in April,” Jock the UC Center’s international trade and economices adviser, said in a news release. The Goldeh State’s exports plummeted by more than a 25 percenft from export totals reported in same month last he noted. The value of California’s merchandise exports in Apriototaled $9.25 billion, 25.5 percent below the $12.
42 billiohn in goods the state shipped abroad in April of last California’s export trade began to deteriorate last November, and decreased by an averages of about 20 percent duringg the first quarter of this O’Connell said in the release. “In we plumbed new depths,” O’Connelp said. “These are the lowest Californiza export numbers for the month of Apri lsince 2005.” California’s manufactured exports fell by 27.6 percent in April, whilee agricultural goods and other non-manufactured exportsa declined by 27.9 percent. Re-exports of goods previously importedc into the state were downby 15.2 O’Connell said.
The bleak export experience was evidentfat California’s ports and airports. The numbedr of outbound loaded containers in Apripl decreasedby 18.3 percent from the year earlierd at the ports of Los Angelew and Long Beach. The Port of Oaklanr took less ofa hit, with a drop of 4.1 he said. International air freight tonnage shrunjkby 22.5 percent at while was off by 34.4 Importers felt the pain along with exporters in The value of foreign goods enteringh the United States through Californiza declined by 28.5 percent, the UC Centee Sacramento analysis found.

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