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Trade Statistics

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%.
August 19, 2001 | JOCK O'CONNELL, Jock O'Connell is an international business consultant
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 | RICHARD COWAN, REUTERS
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 | Bloomberg News
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 | JAMES FLANIGAN
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 | Stephen Gregory
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.
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.
December 20, 2000 | STEPHEN GREGORY
Import growth was relatively flat last month at the Port of Long Beach, the nation's second-busiest commercial harbor, compared with unusually strong inbound cargo volume the previous November, port officials said Tuesday. November typically marks the beginning of a slowdown in import cargo following the traditional holiday merchandise shipping crunch.
December 20, 2000 | From Bloomberg News
The U.S. trade gap narrowed in October as imports showed their steepest decline in almost two years, a sign the cooling economy is curbing the domestic appetite for foreign-made goods. The $33.2-billion deficit followed a gap of $33.7 billion in September that was the widest on record, the Commerce Department said. Imports fell 1.6% to $124.4 billion after rising in September, the first decline since May and the steepest since imports fell 1.9% in December 1998. Exports also fell.
A voracious appetite for high-technology products, particularly in Asia and Mexico, pushed California's third-quarter exports to $33.7 billion, a 22% increase over the previous year, state trade officials said Wednesday. This raised the state's exports for the year to a record $94.5 billion. Mexico retained its recent ranking as the state's top export market, ahead of Japan.
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