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Import/Export Price Indexes

California: Price Movements of Top Exports and Other Highlights

November 2022

scenery in California

In 2021, California ranked second among U.S. states and territories in total exports. The 2021 export trade dollar value from California totaled $175.1 billion, an increase of 12.3 percent from 2020. The price index for the top export industry in California, computer and electronic product manufacturing, decreased in October. The export price index for chemical manufacturing declined over the same period. Prices for export machinery manufacturing increased in October and transportation equipment manufacturing recorded no change.

Top Six California Exports by Trade Dollar Value, 2021

  • California exports represented 10.0 percent of the U.S. total in 2021.
  • California accounted for 17.8 percent of total U.S. exports of computer and electronic product manufacturing by trade dollar value in 2021, ranking second among all states.
  • The top 6 export industries from California accounted for 69.3 percent of the state's total 2021 export trade dollar value.

U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices decreased 0.2 percent in October.
  • Export computer and electronic product manufacturing prices advanced 2.3 percent from October 2021 to October 2022.
  • The 12-month rise in computer and electronic product manufacturing prices was driven by a 2.7-percent increase in prices for computer and peripheral equipment manufacturing.

U.S. Export Price Indexes: Machinery Manufacturing

  • Export machinery manufacturing prices increased 0.5 percent in October.
  • Prices for export machinery manufacturing advanced 6.7 percent over the 12 months ended October 2022.
  • The 12-month rise in machinery manufacturing prices was driven by a 7.5-percent increase in prices for agriculture, construction, and mining machinery manufacturing.

U.S. Export Price Indexes: Chemical Manufacturing

  • The price index for chemical manufacturing exports decreased 2.4 percent in October.
  • A 12.1-percent drop in resin, synthetic rubber, and artificial synthetic fibers and filaments prices led the monthly decrease in prices for chemical manufacturing.
  • The index for export chemical manufacturing prices declined 1.8 percent over the past year.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • Transportation equipment manufacturing export prices were unchanged in October.
  • The index for export transportation equipment manufacturing prices increased 4.0 percent for the 12 months ended October 2022.
  • A 7.7-percent advance in motor vehicle parts manufacturing prices drove the 12-month increase in prices for transportation equipment manufacturing.

 

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Last Modified Date: November 23, 2022