Business & Real Estate

California exports hold steady, well ahead of national pace

Despite wobbly economies abroad, California’s export trade pretty much held steady in July.

In-state businesses shipped merchandise valued at $13.8 billion in July, down just 0.4 percent from $13.85 billion in July 2014, according to an analysis of Thursday’s U.S. Commerce Department figures by Beacon Economics, a consulting firm with Bay Area and Los Angeles offices.

By comparison, overall U.S. merchandise exports were down nearly 7 percent in the same period.

California exports of manufactured goods in July declined by 0.7 percent to $8.97 billion from $9.03 billion last year. Exports of non-manufactured goods tumbled 12.4 percent to $1.48 billion from $1.69 billion a year ago.