California’s exports in September declined 4.5 percent compared to the same month last year, according to a report published Thursday by Beacon Economics.
Shipments to the Pacific Rim countries of Asia declined 5.1 percent in September, including a 4.5 percent drop in exports to China. Surprisingly, California’s exports to the European Union increased 1.8 percent, despite the EU’s economic troubles.
California’s exports of manufactured goods declined 1.9 percent from September 2011. Industrial machinery exports dropped nearly 20 percent, although shipments of medical equipment and aerospace components increased.
Manufacturing’s share of California’s merchandise export trade is 65 percent, compared to 78 percent in 2000.
Exports of raw materials, agricultural products and other non-manufactured goods declined 9.6 percent. However, exports of fruits and nuts increased 7.6 percent.
About 28 percent of California’s export trade is with Canada and Mexico. The economies of the North American Free Trade Agreement partners are more closely linked to the U.S. economy, which continues to grow at a modest pace.