Import/Export Price Indexes
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California: Price Movements of Top Exports and Other Highlights
May 2023
In 2022, California ranked second among U.S. states and territories in total exports. The 2022 export trade dollar value from California totaled $185.5 billion, an increase of 6.1 percent from 2021. The price index for the top export industry in California, computer and electronic product manufacturing, decreased in April. The export price indexes for machiney manufacturing, chemical manufacturing, and transportation equipment manufacturing advanced over the same period.
Top Six California Exports by Trade Dollar Value, 2022
- California exports represented 9.0 percent of the U.S. total in 2022.
- California accounted for 17.8 percent of total U.S. exports of computer and electronic product manufacturing by trade dollar value in 2022, ranking second among all states.
- The top 6 export industries from California accounted for 67.9 percent of the state's total 2022 export trade dollar value.
U.S. Export Price Indexes: Computer and Electronic Product Manufacturing
- Computer and electronic product manufacturing export prices edged down 0.1 percent in April.
- Export computer and electronic product manufacturing prices decreased 1.6 percent for the 12 months ended April 2023.
- The 12-month decrease in the price index for computer and electronic product manufacturing was led by a 5.0-percent decrease in computer and peripheral equipment manufacturing prices.
U.S. Export Price Indexes: Machinery Manufacturing
- Export machinery manufacturing prices rose 0.4 percent in April.
- Prices for export machinery manufacturing advanced 5.5 percent over the past year.
- A 7.4-percent increase in commercial and service industry machinery manufacturing export prices contributed to the 12-month rise in machinery manufacturing prices.
U.S. Export Price Indexes: Chemical Manufacturing
- The price index for chemical manufacturing exports increased 0.1 percent in April.
- A 0.5-percent rise in prices for soap, cleaning compound, and toilet preparation manufacturing contributed to the monthly increase in prices for chemical manufacturing.
- Export chemical manufacturing prices declined 6.4 percent over the past year.
U.S. Export Price Indexes: Transportation Equipment Manufacturing
- Transportation equipment manufacturing export prices advanced 0.1 percent in April.
- The index for export transportation equipment manufacturing prices increased 4.2 percent for the 12 months ended April 2023.
- The 12-month increase in prices for export transportation equipment manufacturing was driven by a 6.7-percent increase in prices for aerospace product and parts manufacturing.
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Last Modified Date: May 24, 2023