California Business Minute™

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Hi, I am Tim Johnson and welcome to the California Business Minute.

According to an analysis by the University of California Center Sacramento, it
identifies that exports shipped in November were 1.2 percent lower than from
October at $10.95 billion, but still higher than the $10.75 billion from November
2008.

California’s exports of manufactured goods fell by 2.1 percent from November 2008.
However, exports of agricultural goods and other non-manufactured products increased
by 29.8 percent over the same period.

Additionally the report indicated that Northern California’s export trade is
recovering more briskly than Southern California. Loaded containers sailing
from the Port of Oakland saw a gain of 39.7 percent over November 2008. The
number of loaded shipping containers leaving the ports of Los Angeles and
Long Beach grew by 11.4 percent. Additionally, as it pertains to air freight,
export tonnage in November increased by 11.7 percent at San Francisco
International, and only 4.6 percent at Los Angeles International. The two
airports are California’s primary international trade gateway airports,
accounting for about half of the state’s overall export trade.

As for imports, the decline continued in November. Some $25.1 billion in foreign
goods entered the United States through the Golden State in November, posting a
8.2 percent decline from the $27.4 billion in November 2008.

I am Tim Johnson and this has been the California Business Minute.


                                         Hi Jeannie!