August 15, 2003 |
Exports from California dipped 2.5% in the second quarter as shipments of technology goods continued their long slide, according to trade statistics released Thursday. Computers and electronics -- the state's No. 1 export merchandise -- declined for the 10th straight quarter to $8.6 billion.
November 20, 2002 |
California's exports slid more than 8% in the third quarter, led by continued steep declines in shipments of technology equipment, according to trade statistics released Tuesday. For the three months ended in September, California exports totaled $22.9 billion, down from $25 billion in the same period a year earlier. Government trade statistics compiled by the Massachusetts Institute for Social and Economic Research showed that the year-to-date decline is even worse.
June 10, 2002 |
International trade moving through the Los Angeles area is expected to increase by a modest 3.6% to $220.2 billion in 2002, reflecting a sluggish economic recovery, according to a forecast being released today by the Los Angeles Economic Development Corp. That's still well below the record $230 billion in 2000, but it would be an improvement over last year, when a slowing economy and the Sept. 11 tragedy saw two-way trade slide 7.6%.
June 4, 2002 |
Imports through the ports of Los Angeles and Long Beach jumped in April amid concern about possible labor unrest next month. Imports through the Port of Los Angeles increased 22% in April from a year earlier; they rose 13% at the Port of Long Beach, the ports reported, as talks between ocean carriers and West Coast dockworkers entered a fourth week. Three years ago, longshore workers at both ports slowed down operations when the two sides failed to reach an agreement in time. The rise in imports at the nation's two busiest container ports came in part because importers are taking precautions against a possible work slowdown, said Robin Lanier, executive director of the West Coast Waterfront Coalition, an industry organization.
August 19, 2001 |
California's robust export trade has inspired frequent flights of chauvinism in Sacramento, where politicians of both parties enjoy reveling in the conceit that, were it something it's not (i.e., a separate country), the Golden State would be the world's fifth-largest economy. California exports reportedly rose 13.2%, to $30.
August 11, 2001 |
The Commerce Department said Friday that it will slap a 19% import duty on billions of dollars worth of softwood lumber from Canada, a decision that prompted a protest from the Canadian government. The wood is used extensively in the construction of houses and home remodeling. American home builders, who want a free flow of cheap lumber, immediately protested the move, saying the duty will mean higher prices on new homes. But U.S.
May 18, 2001 |
Imports through the ports of Los Angeles and Long Beach were little changed in April from a year ago. Exports fell at Long Beach and rose at Los Angeles. Led by clothing, toys and shoes, shipments arriving at the Port of Long Beach increased 0.9% last month to 202,600 containers. Imports to the Port of Los Angeles fell 0.3% to 210,700 containers. April marked the sixth consecutive month that exports from Long Beach declined. Outbound shipments fell 16% to 76,600.
March 19, 2001 |
Underlining attempts to spur small business in his own country and forge links with companies in California, Mexican President Vicente Fox is scheduled to open an International Business Center in Santa Ana on Thursday. The center will house representatives of six of Mexico's 32 states. Santa Ana officials hope that eventually all 32 states will have offices at the center, along with U.S. companies and service agencies specializing in financing and facilitating foreign trade.
February 22, 2001 |
Both of the region's foreign trade seaports posted year-over-year increases in cargo handled in January despite slowing in the U.S. economy. The Port of Los Angeles, the nation's busiest port, processed nearly 397,000 20-foot cargo containers in January, an 11% increase from a year ago. More than a quarter of those containers, however, were shipped empty to Asia to be filled with consumer goods bound for the United States.
December 27, 2000 |
Mexico's trade deficit widened more than expected in November on the back of higher consumer purchasing power and confidence in the economy that spurred the buying of imported goods ahead of Christmas. The trade shortfall was $1.18 billion, more than a revised deficit of $814 million in October and $762 million in November 1999, the Finance Ministry reported. The November deficit also was higher than a forecast of a $929 million deficit in a Bloomberg News survey of nine economists.