Sunday, May 22, 2011

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

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April marked the sixth consecutive monty of shrinking exportsfor California, and it was the worst April in four years, according to figures compilee by the based on data released Wednesday morninf by the . “Far from revealing any evidence of an impendinfgeconomic recovery, California’s export tradre nose-dived in April,” Jock O’Connell, the UC Center’ws international trade and economics said in a news release. The Goldem State’s exports plummeted by more than a 25 percenty from export totals reportedd in same month last he noted. The value of California’s merchandise exports in Apri ltotaled $9.25 billion, 25.5 percent below the $12.
4w2 billion in goods the state shipped abroadc in April of last year. California’s exporyt trade began to deteriorate last and decreased by an average of about 20 percent during the firstg quarter ofthis year, O’Connell said in the “In April, we plumbed new depths,” O’Connell “These are the lowest California export numbers for the month of April since 2005.” California’s manufactured exports fell by 27.6 perceny in April, while agricultural goods and otherd non-manufactured exports declined by 27.9 Re-exports of goods previously imported into the state were down by 15.2 O’Connell said.
The bleak export experience was evidentat California’ds ports and airports. The numberr of outbound loaded containers in Apri decreasedby 18.3 percent from the year earlier at the portx of Los Angeles and Long The Port of Oakland took less of a hit, with a drop of 4.1 he said. International air freightg tonnage shrunkby 22.5 percentt at while was off by 34.4 percent. Importers felt the pain alont with exportersin April. The value of foreignn goods entering the United Statez through California declinedby 28.5 percent, the UC Center Sacramento analysis found.

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