California continues to export less

By CMTA Staff

Capitol Update, Sept. 4, 2003 Share this on FacebookTweet thisEmail this to a friend

Over the last two years, California has seen its total yearly exports drop by $ 27 billion, according to a recent University of Massachusetts report. More importantly, for the first time, Texas surpassed California in total exports in 2002 and continues to outpace California.

Unfortunately, the downward trend is continuing again this year, and one could make the argument that by the end of this year, California may slip back by an estimated 6 billion dollars. Itís an amazing number to report considering in 2000, Texas trailed California in total exports by 16 billion dollars.

So what does this all mean and why has it happened? Clearly, the 300,000 manufacturing jobs we have lost have contributed to the decline in exporting. Moreover, itís now apparent that much of the high tech equipment once manufactured in California has moved out of the country as well.

California must become competitive with its neighboring states and the world again by providing incentives to companies who manufacturer the goods that once made us golden. Without a business friendly climate, California will continue to watch more and more companies and jobs abandon the state, while exporting will continue to decline.

To link to the latest statistics detailing a breakdown of California exports, as well as all of the other states, please go to UMass Report







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