IE Business Daily Business news for the Inland Empire.
California exported $15.7 billion worth of merchandise in June, a slight year-over-year increase, according to a recent study.
Exports of manufactured goods fell by 3.5 percent year-over-year compared with one year earlier, to $9,482 billion, Beacon Economics in Los Angeles reported.
The state’s exports of agricultural products and raw materials declined by 3.2 percent during June, to $1.757 billion. Re-exports were up by 16.1 percent, to $4.531 billion, during the sixth month of the year.
California’s exports in the first six months of 2024 totaled $89.060 billion, down 0.6 percent from $89.561 billion in the first half of 2023, Beacon reported.
“The value of California’s merchandise export trade was up in June, despite a strong dollar, plunging revenues from the state’s energy exports, and a steady retreat from the formerly robust business of exporting electric vehicles,” said Jock O’Connell, Beacon’s international trade advisor, in the statement.
