IE Business Daily Business news for the Inland Empire.
California’s exports increased 6.7 percent in July compared with exactly one year earlier, with a total value of nearly $15 billion, a recent study has found.
The state was also the landing spot for nearly16 percent of all goods that came into the United States during the seventh month of 2024, a 25 percent year-over-year increase, according to the analysis by Beacon Economics in Los Angeles.
Those imports were worth $46.5 billion.
California’s exports in the first seven months of this year amounted to $104 billion, a slight increase from one year earlier.
U.S. exports increased 5.8 percent to $168.813 billion in July, up from $159,623 billion in July 2023. California’s share of the nation’s merchandise export trade – 8.9 percent – was essentially unchanged from one year ago, according to Beacon.
Beacon’s analysis is based on data from the U.S. Commerce Department and the U.S. Census Bureau’s Foreign Trade Division.
