Overview In July 2022 California exported $15.3B and imported $43.7B, resulting in a negative trade balance of $28.4B. Between July 2021 and July 2022 the exports of California have increased by $362M (2.42%) from $14.9B to $15.3B, while imports increased by $3.59B (8.96%) from $40.1B to $43.7B.
Trade In July 2022, the top exports of California were Machines and apparatus of a kind... ($1.04B), Cars ($809M), Integrated Circuits ($503M), Other Nuts ($499M), and Computers ($486M). In July 2022 the top imports of California were Computers ($3.28B), Cars ($3.19B), Crude Petroleum ($2.61B), Telephones ($1.63B), and Office Machine Parts ($1.36B).
Destinations In July 2022, California exported mostly to Mexico ($2.45B), China ($1.81B), Canada ($1.63B), South Korea ($1.31B), and Japan ($983M), and imported mostly from China ($13.6B), Mexico ($4.47B), South Korea ($2.74B), Taiwan ($2.63B), and Japan ($2.49B).
Growth In July 2022, the increase in California's year-by-year exports was explained primarily by an increase in exports to Japan ($317M or 37.3%), China ($216M or 21.2%), and Belgium ($118M or 25.6%), and product exports increase in Planes, Helicopters, and/or Spacecraft ($322M or 2.16k%), Machines and apparatus of a kind... ($304M or 56.2%), and Laboratory Reagents ($107M or 52.5%). In July 2022, the increase in California's year-by-year imports was explained primarily by an increase in imports from China ($1.8B or 20.3%), Vietnam ($350M or 21.6%), and Mexico ($316M or 8.34%), and product imports increase in Computers ($1.32B or 78.2%), Microphones and Headphones ($275M or 139%), and Office Machine Parts ($221M or 30.8%).