Subscribe to our free, weekly email newsletter!


Exports are still bright spot for California

These findings coincide with anecdotal news being shared at the annual Agriculture Transportation Coalition’s meeting in San Francisco this week
By Patrick Burnson, Executive Editor
June 10, 2011

Despite recent signs of a slackening pace of global economic growth, California exporters turned in another impressive performance in April with shipments totaling $12.88 billion, a gain of 14.4 percent over the same month last year, according to an analysis by Beacon Economics of foreign trade data released this week by the U.S. Commerce Department.

The state’s manufactured exports rose by 10.7 percent, while non-manufactured exports (chiefly raw materials and agricultural products) were up by 21.3 percent. Re-exports, meanwhile, grew by 22.4 percent.

These findings coincide with anecdotal news being shared at the annual Agriculture Transportation Coalition’s (AgTC) meeting in San Francisco this week.

John Slinkard, a supply chain specialist with Sun-Maid Growers of California, said that 35 percent of its business is now “global and growing.” Sun-Maid currently exports to more than 60 nations.

“On an inflation-adjusted basis, California’s export trade in April nearly equaled the pre-recession high for that month achieved back in 2007,” said Jock O’Connell, Beacon Economics’ International Trade Adviser.

April marked the 18th consecutive month of impressive year-over-year gains in California’s merchandise export trade.

The gains could have implications for the broader economy. “Exports are likely to play an important role in the economic boost we expect to see in the second half of this year,” said Beacon Economics’ Founding Partner Christopher Thornberg.

On the import side of the ledger, however, business was much less robust as the value of foreign goods entering the U.S. through California’s seaports, airports and border crossings increased by just 9.9 percent over last April.

The Beacon Economics analysis expects California’s job-generating export trade to continue to expand, albeit at a somewhat more moderate pace through the remainder of the year.

“The economic growth rates of several of our principal trading partners have been decelerating, in some cases like China and India from speeds that were plainly unsustainable over the long-term.” O’Connell said. “That’s apt to shrink but certainly not stifle their appetite for imported goods.” 

Still, O’Connell noted, California exporters should continue to enjoy the competitive benefits of a dollar that has been trading at some of the lowest levels in decades. 

For related stories click here

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Lyon, France-based Norbert Dentressangle, a $5.5 billion global third-party logistics (3PL) services provider focused on global logistics, transport, ocean, and air services, said today it has acquired Des Moines, Iowa-based Jacobson Companies, a value-added warehousing (VAW) company, for $750 million from private equity firm Oak Hill Capital Partners.

Download the newly released research report, "Transportation Management Systems" conducted by Peerless Research Group (PRG) on behalf of Supply Chain Management Review and Logistics Management magazines. Learn what logistic experts are saying about their current supply chain technology infrastructures, how they tackle the transportation component, and revealed the gaps that still need to be filled in order to attain end to-end visibility of a streamlined supply chain.

From cost center to growth center. Get insightful opinions on changes in the marketplace from this independent survey of warehouse personnel. Motorola Solutions examined the current warehousing marketplace in our 2013 Warehouse Vision Report, conducted April-May of 2013.

Article Topics

News · Freight · Global Logistics · Global Trade · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA