California export trade tops the nation
Dec 06, 2024
California’s export trade recorded a strong 5.3% annual gain in the latest numbers, causing the state's share of the nation's export trade to shoot up to 9.3%. Equally remarkable was that exports from Texas fell 6.9% year-over-year while overseas shipments from Florida declined by 4.2%. U.S. exports overall slipped by 0.7%.
Whether California's foreign trade continues on this growth path remains to be seen. Editorial writers and economic affairs pundits in both the United States and abroad have lately achieved a rare degree of unanimity in warning that the new tariffs President-Elect Donald Trump has promised to impose on nearly all U.S. imports from almost every source will be harmful both to international trade and to America’s own economic interests.
Of course, the ultimate impact depends on how the nations' trading partners react. By next month, we should have a clearer idea of how tumultuous 2025 will be for members of California’s foreign trade community.
Similar Stories
CBP Senior Official performing duties of Commissioner delivers trade advisory committee opening remarks
The Commercial Customs Operations Advisory Committee (COAC) held the fourth public meeting of its’17th Term Dec. 11 in Washington, DC. Troy A. Miller, U.S. Customs and Border Protection (CBP) Senior…
View Article
WorldACD Weekly Air Cargo Trends (week 50) - 2024
View ArticlePreliminary U.S. imports for consumption of steel products November 2024
The U.S. Census Bureau announced today that preliminary November steel imports were $2.3 billion (1.9 million metric tons) compared to the preliminary October totals of $2.5 billion (2.2 million metric…
View Article
DAT: November truckload volumes lagged robust October
View ArticleS&P Global: Triborough Bridge and Tunnel Authority, NY Series 2025A revenue bonds assigned ‘A+’ rating; outlook stable
S&P Global Ratings assigned its 'A+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s proposed $1.3 billion (Metropolitan Transportation Authority [MTA] Bridges and Tunnels) real estate transfer…
View Article
13.1% November increase for inbound boxes as volume gain strengthens
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
