Thursday, February 10, 2011

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

http://westsidesystems.com/f-rays/rays.html
April marked the sixth consecutivse month of shrinking exportsfor California, and it was the worsft April in four years, according to figures compiled by the based on data released Wednesday morning by the . “Fard from revealing any evidence of an impendingeconomic recovery, California’se export trade nose-dived in Jock O’Connell, the UC Center’s international trade and economic s adviser, said in a news release. The Golden State’e exports plummeted by more than a 25 percent from export totals reported in same monthlast year, he noted. The valuer of California’s merchandise exports in Aprilototaled $9.25 billion, 25.5 percentf below the $12.
42 billion in goods the statde shipped abroad in April of last year. California’ws export trade began to deterioratelast November, and decreasedr by an average of abou t 20 percent during the first quarter of this year, O’Connell said in the “In April, we plumbed new depths,” O’Connell “These are the lowest California export numbersz for the month of April since California’s manufactured exports fell by 27.6 percent in while agricultural goods and other non-manufactured exportd declined by 27.9 percent. Re-exports of good s previously imported into the state were downby 15.2 O’Connell said.
The bleak export experiencse was evidentat California’s ports and The number of outbound loaded containers in April decreased by 18.3 percen t from the year earlied at the ports 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 shrunkby 22.5 percent at whiler was off by 34.4 percent. Importers felt the pain alonh with exportersin April. The valur of foreign goods entering the United States through California declinedby 28.5 the UC Center Sacramento analysiw found.

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