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Import/Export Price Indexes

California: Price Movements of Top Exports and Other Highlights

August 2024

Photo of houses and skyscrapers in San Francisco, California

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, decreased in July. Export prices for transportation equipment manufacturing, machinery manufacturing, and chemical manufacturing advanced in July.

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 fell 0.4 percent in July.
  • A 0.9-percent decline in prices for semiconductor and other electronic component manufacturing drove the July decrease in the price index for computer and electronic product manufacturing.
  • Export computer and electronic product manufacturing prices edged down 0.1 percent for the 12 months ended July 2024.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • The price index for export transportation equipment manufacturing advanced 0.2 percent in July.
  • Transportation equipment manufacturing export prices rose 4.3 percent for the 12 months ended July 2024.
  • A 4.7-percent increase in prices for motor vehicle manufacturing led 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 July.
  • Export machinery manufacturing prices increased 2.3 percent from July 2023 to July 2024.
  • A 2.5-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 advanced 0.9 percent in July.
  • A 1.4-percent increase in prices for other basic inorganic chemical manufacturing led the July rise in prices for chemical manufacturing.
  • The price index for chemical manufacturing exports rose 0.3 percent over the past year.

 

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Last Modified Date: August 27, 2024