Import/Export Price Indexes
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California: Price Movements of Top Exports and Other Highlights
October 2024
In 2023, California ranked second among U.S. states and territories in total exports. The 2023 export trade dollar value from California totaled $178.7 billion, a decrease of 4.0 percent from 2022. The price index for the top export industry in California, computer and electronic product manufacturing, increased in September. Export prices for machinery manufacturing and chemical manufacturing advanced in September, and prices for transportation equipment manufacturing were unchanged.
Top Six California Exports by Trade Dollar Value, 2023
- California exports represented 8.9 percent of the U.S. total in 2023.
- California accounted for 17.7 percent of total U.S. exports of computer and electronic product manufacturing by trade dollar value in 2023, ranking second among all states.
- The top 6 export industries from California accounted for 67.8 percent of the state's total 2023 export trade dollar value.
U.S. Export Price Indexes: Computer and Electronic Product Manufacturing
- Computer and electronic product manufacturing export prices rose 0.2 percent in September.
- The September advance in prices for computer and electronic product manufacturing was the first monthly increase since April 2024.
- Export computer and electronic product manufacturing prices decreased 0.5 percent for the 12 months ended September 2024.
U.S. Export Price Indexes: Transportation Equipment Manufacturing
- The price index for export transportation equipment manufacturing was unchanged in September.
- Transportation equipment manufacturing export prices rose 3.5 percent for the 12 months ended September 2024.
- A 4.9-percent increase in prices for motor vehicle parts manufacturing contributed to the 12-month advance in prices for transportation equipment manufacturing.
U.S. Export Price Indexes: Machinery Manufacturing
- The price index for export machinery manufacturing ticked up 0.1 percent in September.
- Export machinery manufacturing prices increased 2.0 percent from September 2023 to September 2024.
- A 2.3-percent advance in prices for industrial machinery manufacturing contributed to the 12-month rise in prices for machinery manufacturing.
U.S. Export Price Indexes: Chemical Manufacturing
- Export chemical manufacturing prices rose 0.2 percent in September.
- The price index for chemical manufacturing exports advanced 0.7 percent over the past year.
- A 0.9-percent increase in prices for other basic inorganic chemical manufacturing led the rise in prices for chemical manufacturing from September 2023 to September 2024.
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Last Modified Date: October 24, 2024