Business & Real Estate

State exports up 4 percent in September, top $14 billion

California exports maintained some modest momentum in September.

Golden State businesses shipped merchandise valued at $14.19 billion in September, up 4 percent from $13.65 billion in September 2016.

Los Angeles-based consulting firm Beacon Economics broke out California’s numbers from national figures released by the U.S. Census Bureau.

Beacon said September exports of manufactured goods in September rose 7.5 percent year over year, from $8.18 billion in 2016 to $8.79 billion this year. Exports of non-manufactured goods – chiefly agricultural products and raw materials – climbed 8.3 percent, from $1.68 billion to $1.82 billion. Re-exports slipped 5.5 percent to $3.58 billion, compared with $3.79 billion in the year-ago period.

“These numbers demonstrate the strength and diversity of California’s economy,” said Jock O’Connell, Beacon’s international trade adviser. “Excluding re-exports, which are actually goods produced elsewhere, the state’s merchandise export trade grew by 7.6 percent.”

Through the first nine months of 2017, Beacon said California exports are running 5.5 percent ahead of last year.

Mark Glover: 916-321-1184, @markhglover

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