Business & Real Estate

California exports rally in June, top $15 billion

After a slight stumble in May, California exports rallied in June.

Golden State businesses shipped merchandise valued at $15.06 billion in June, up nearly 3 percent from $14.65 billion in the same month last year.

Los Angeles-based consulting firm Beacon Economics broke out Golden State numbers from national figures released Friday by the U.S. Census Bureau.

In May, statewide shipments had a value of $13.49 billion, up a modest 1 percent from $13.35 billion in 2016.

The June totals were boosted by year-over-year improvements in shipments of both manufactured and non-manufactured goods.

Beacon said state exports of manufactured goods in June totaled $8.98 billion, up 2.2 percent from $8.79 billion in June 2016. Exports of non-manufactured goods – chiefly agricultural products and raw materials – jumped by nearly 15 percent, to $1.77 billion from $1.54 billion. Re-exports in June had a value of $4.31 billion, a tiny decline from $4.32 billion in 2016.

“Sustained growth, even if unspectacular, is good,” said Jock O’Connell, Beacon’s international trade adviser. “But exports of computers and electronics products, which normally account for one-fourth of the state’s merchandise export trade, were disappointingly flat, both in dollar and volume terms.”

Beacon noted that recent exports of transportation machinery and related materials have been comparatively brisk.

Beacon said California accounted for 11.1 percent of the nation’s overall merchandise export trade in June.

Through the first half of 2017, California exports are running 7.1 percent ahead of last year.

Mark Glover: 916-321-1184, @markhglover

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