California's exporters enjoyed a big month in June, posting impressive gains compared to the same month a year earlier, according to an analysis by Beacon Economics of foreign trade data released Thursday by the U.S. Commerce Department.
The gains came in spite of the fact that the value of the U.S. dollar rose in comparison to other world currencies, making U.S. goods more expensive overseas, the report said. The strong showing also came even as many customers of U.S. goods were in the throes of weak economic recoveries.
“With the health of most foreign markets in doubt, June's numbers continue to demonstrate the resilience of California's export industries, especially in our high-tech manufacturing sector,” said Jock O’Connell, Beacon Economics' international trade advisor.
The value of goods shipped abroad by California businesses in June was $15.18 billion, up 9.7% over the $13.83 billion in June 2011. By comparison, overall U.S. merchandise exports were up by 8.0% over the same period.