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January Shipments Decline Nearly 5 Percent Y-O-Y

COVID’s influence continues to weigh heavily on almost every aspect of the business world, from soup to nuts, and even nut exports. Specifically, January shipments of manufactured products by California firms were off by 4.7 percent to $8.468 billion from the $8.888 billion one year earlier, according to a recent report by Beacons Economics.

Exports of non-manufactured goods (chiefly the state’s agricultural products and raw materials) were down by 16.9 percent to $1.443 billion from $1.736 billion. The state’s export numbers were also aided by a strong 13.3 percent increase in re-exports, to $3.203 billion from $2.828 billion. In January, California’s share of all U.S. merchandise exports slipped to 10.3 percent from 10.4 percent one year earlier.

Tree nut exporters in California saw mixed results in January. The California Almond Board reported a 9.2 percent year-over-year decline in overseas shipments of almonds, the state’s leading agricultural export. Exports of pistachios, the state’s second most lucrative farm export, were off in January by 21.7 percent from one year earlier. But the California Walnut Board reported a 12.7 percent year-over-year bump.

The U.S. Census Bureau numbers were roughly consistent with reports from the state’s three major seaports, Los Angeles, Long Beach and Oakland, indicating the number of outbound loaded containers in January was down 9 percent from the same month one year earlier.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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