March 11, 2010

California exports continue sharp uptick

Exports through California ports continued their recent rebound in January, according to an analysis of new federal data by University of California trade analyst Jock O'Connell.

The value of exports through the state, $10.3 billion, was an 18.5 percent increase over the previous January and the third month of year-over-year increases.

O'Connell said he anticipated continued export increases "if only because the economies of most of our major trading partners continue to expand," but added, "The most worrisome prospect involves the risk of fall-out from the financial turmoil now gripping the European Union and especially those countries in the euro zone."

Imports through California also showed a sharp increase, up 14.6 over the previous January to $23 billion.

http://www.sacbee.com/static/weblogs/ca ... xpo-4.html