January 13, 2012 |
California's exporters are expected to have a record year in 2011, surpassing the old mark set during 2008. With December numbers still to be tallied, the state exported another $14.07 billion in goods in November, according to Beacon Economics' monthly California Trade Report. That was a gain of 12.7% over the same month the previous year, the report said. It also brought the 2011 total to $145.81 billion. “Even in inflation-adjusted terms, 2011 will easily turn out to be the best year ever for California's export trade,” said Jock O'Connell, Beacon Economics' International Trade Advisor.
August 9, 2012 |
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.
November 13, 2010 |
President Obama pledged Saturday that the U.S. is "here to stay" among the most rapidly growing economies of the world and wants to share in the benefits of expanding global trade. But other nations shouldn't assume their way to prosperity will be "simply paved with exports to America," Obama told a gathering of business leaders here. U.S. exports to Asia's Pacific Rim nations have grown by more than 60% over the last five years, Obama said, yet its overall share of trade has gone down.
April 13, 2012 |
HUIZHOU, China — Tony Zhang used to make cents on the dollar churning out cheap sneakers for Wal-Mart. And like every other low-margin exporter in China's manufacturing heartland, he was struggling to keep pace with rising costs for labor and raw materials. Rather than run his business into the ground with ever-shrinking profits, the Taiwan-born Zhang decided to upgrade his operations. His factory just outside Shenzhen now makes specialty footwear, including fire retardant boots, steel-toed shoes and soccer cleats.
November 7, 2012 |
If you're wondering what happened to cheap U.S. fuel, look to Mexico, Canada and even OPEC member Venezuela. U.S. refiners are selling diesel and gasoline to those and other countries at historically high levels, making the nation a net exporter of fuel for the first time since 1949, according to the Energy Department. Such enthusiastic exporting is one of the reasons that gasoline and diesel prices have been so high, energy experts say. Consumer advocates see it as harming motorists because gallons exported aren't available to U.S. gas pumps.
January 25, 2013 |
U.S. beef and pork exports are on a pace to set records for value, according to the U.S. Meat Export Federation. With only December left to be recorded, U.S. beef exports in 2012 through November, while down 11% in volume, were still 2% above 2011 in value. Beef exports totaled $5.05 billion. The punishing Midwest drought last year affected the livestock industry, which saw feed costs skyrocket. "Volume has been an issue for beef exports all year," Philip Seng, president of the U.S. Meat Export Federation, said in a statement.