Economic rumblings in key markets abroad were reflected in California’s export trade totals for June.
In-state businesses shipped merchandise valued at $15.11 billion in June, down 4.2 percent from $15.77 billion in June 2014, according to an analysis of Wednesday’s U.S. Commerce Department figures by Beacon Economics, a consulting firm with Bay Area and Los Angeles offices.
State exports of manufactured goods in June totaled $9.42 billion, down about 5.5 percent from $9.96 billion in June last year. Exports of non-manufactured goods – chiefly agricultural produce and raw materials – tumbled more than 12 percent, from $1.95 billion to $1.71 billion; re-exports rose more than 3.5 percent, from $3.86 billion to about $4 billion.
“Given the condition of the global economy right now, California’s June export numbers certainly could have been a lot worse,” said Jock O’Connell, Beacon’s international trade adviser.
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Through six months, California export trade is lagging behind last year’s pace by 2.7 percent. Golden State businesses shipped merchandise valued at a record $174.13 billion in 2014.
On the import side, California took in $36 billion in goods in June, up 5.5 percent from $34.12 billion in June last year. Because some goods entering California ports and airports go to other states, exports are considered a more accurate measure of the state's trade health.