Business & Real Estate

California exports continue to ‘defy conventional expectations’

California businesses shipped merchandise valued at $13.46 billion in February, up 11 percent from $12.13 billion in February 2016. Exports of manufactured goods were up more than 15 percent over the year-ago period.
California businesses shipped merchandise valued at $13.46 billion in February, up 11 percent from $12.13 billion in February 2016. Exports of manufactured goods were up more than 15 percent over the year-ago period. The Associated Press file

California’s merchandise export trade continued its hot start to the year, with an 11 percent year-over-year gain in February, according to Beacon Economics.

The Los Angeles-based research and consulting firm said California businesses shipped merchandise valued at $13.46 billion in February, up from $12.13 billion in February 2016.

An 11 percent annual gain also was reported in January.

“The numbers continue to defy conventional expectations that a strong dollar would discourage exports,” said Jock O’Connell, Beacon’s international trade adviser.

  Comments