CALIFORNIA BUSINESS MINUTE
International Trade
02-10-12
Hi, I am Tim Johnson and welcome to the California Business Minute.
The US Trade Deficit rose to $48.8 billion. Exports for the month rose, but
unfortunately imports increased nearly three times as much. Exports rose in
December to $178.8 billion and imports of $227.6 billion. December exports
were $1.2 billion more than November exports of $177.5 billion. December
imports were $3.0 billion more than November imports of $224.6 billion.
As it pertains to California, export activity dropped month-over-month for
both imports and exports. Export activity dropped $1.3 billion to $13.5 billion
for a total of $159,354 billion for the year. In 2010, California had $143
billion in exports.
Import activity also dropped by $2.6 billion to $29.4 billion over the month
for a total of $351,359 billion for the year. In 2010, California had $327
billion in imports. California comprised 15.9% of all import activity in the
nation, the largest import activity of any state.
However, for the Golden State, while it remained the largest importing activity
oriented state , it continued second in exporting activity but dropped to second
for overall trade activity.
I am Tim Johnson and this has been the California Business Minute.
|
