Business & Real Estate

State’s export trade industry stays hot in April

California exports continued a so-far solid 2017 with robust numbers in April, according to Beacon Economics.

The Los Angeles-based research and consulting firm said Friday that California businesses shipped merchandise valued at $14.07 billion in April, up nearly 10 percent from $12.84 billion in the same month last year.

Golden State numbers were broken out from national figures released by the U.S. Census Bureau.

“Foreign demand for California products was especially exuberant in April as shipments of nearly every major export commodity showed solid gains,” said Jock O’Connell, Beacon’s international trade adviser.

Beacon said state exports of manufactured goods in April totaled $9.12 billion, up 8.2 percent from $8.43 billion one year earlier. Exports of non-manufactured goods – chiefly agricultural products and raw materials – jumped 18 percent to $1.69 billion, from $1.43 billion. Re-exports totaled $3.26 billion in April, up more than 9 percent from about $2.98 billion in the year-ago period.

By comparison, the value of overall U.S. merchandise exports in April moved up 6 percent year-over-year. California accounted for 11.1 of the nation’s overall merchandise export trade in April.

Through the first four months of 2017, the state’s export trade industry is running 9.9 percent ahead of last year.

Mark Glover: 916-321-1184, @markhglover

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