Despite adverse economic conditions and political turmoil in some markets abroad, California’s export trade sector turned in another strong month in September.
In-state businesses shipped merchandise valued at $14.44 billion in September, up about 4.5 percent from $13.81 billion in September 2013, according to an analysis of Tuesday’s U.S. Commerce Department figures by Beacon Economics, a consulting firm with Bay Area and Los Angeles offices.
State exports of manufactured goods, led by shipments of aerospace products, rose 5.1 percent from September 2013, to $9.5 billion. However, exports of non-manufactured goods (chiefly agricultural produce and raw materials) were basically the same as last year, which analysts called a byproduct of the state’s bone-dry conditions.
“With each passing month, we are seeing mounting evidence of the adverse impact the drought is having on California’s multibillion-dollar agricultural export trade,” said Jock O’Connell, Beacon’s international trade adviser.
On the import side, California took in $35.45 billion in goods in September, up 7.7 percent from $32.91 billion in September last year. Because some goods entering California ports and airports go to other states, exports are considered a more accurate measure of trade health.
Call The Bee’s Mark Glover, (916) 321-1184.