California Exports Top $100 Billion for Third Straight Year; Sales to Latin America, Canada and Europe Post Double-Digit Gains.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--March 1, 1999--California registered $104.97 billion in exports during 1998, the third consecutive year the state has surpassed $100 billion, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Trade and Commerce Agency Secretary Lon S. Hatamiya announced today. Exports to Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , and Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). led California's
growth sectors. The state's diversity was exemplified by strong
sales to NAFTA NAFTAin full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's partners Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. ($13.3 billion, up 10.4 percent), and Canada ($12.7 billion, up 10.9 percent), though the state's total exports were down 4.2 percent due mainly to the Asian slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. . Exports to Europe shot up $2.1 billion or 10 percent. "Mexico clearly strengthened its position as California's second-largest export market in 1998," said Secretary Hatamiya. "Exports to our NAFTA partners (Mexico and Canada) were extremely helpful in offsetting the decreases in Asia." In the first five years of NAFTA (1994-98), California exports to Mexico have more than doubled, increasing 104 percent or $6.8 billion. Secretary Hatamiya noted that state exports to No. 2 Mexico continue to be driven by exports of electronics and electrical equipment A piece of electrical equipment is a machine, powered by electricity and usually consists of an enclosure, a variety of electrical components and often a power switch. Examples of Electrical Equipment
Exports to No. 3 Canada were buoyed by industrial machinery and electronics, which accounted for $7.2 billion, or 57 percent of total California exports to Canada. Since NAFTA's inception in 1994, California exports to Canada have increased 66.3 percent, or $5.1 billion. Export growth to Europe ($23.2 billion) was spearheaded by the United Kingdom ($5.76 million, up 6 percent), Germany ($4.7 million, up 14 percent) and the Netherlands ($3.9 million, up 14 percent). European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. markets accounted for 10 of the Golden State's top 25 export markets and represented 22 percent of total California exports. Exports to South American countries List of American countries Nations:
State exports to the Asian 10 (Japan, Korea, China, Taiwan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore, Thailand, Indonesia, the Philippines, and Malaysia) declined 20.3 percent during the year. Of these markets, only mainland China registered export growth (up 9.3 percent) during 1998. California ended the year well ahead of second-place Texas ($86.8 billion). Rounding out the top five exporting states were Washington ($41.7 billion), New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ($41.6 billion) and Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. ($31.5 billion). Following are tables reflecting the state's Top 10 Leading Export Markets, California exports to Regional Trade Groups, and Top 10 U.S. Exporting States: -0-
TABLE 1 -- Leading California Export Markets
Values given in millions of U.S. dollars
% Change % Change
COUNTRY 1996 1997 1998 1996-97 1997-98
Japan 18,881 17,460 14,602 -7.5 -16.4
Mexico 9,087 12,082 13,344 33.0 10.4
Canada 10,767 11,426 12,673 6.1 10.9
Taiwan 5,613 6,991 5,926 24.6 -15.2
UK 5,074 5,414 5,756 6.7 6.3
Singapore 5,925 5,674 4,723 -4.2 -16.8
Germany 4,133 4,108 4,700 -0.6 14.4
South Korea 8,585 7,046 4,413 -17.9 -37.4
Netherlands 2,395 3,411 3,893 42.4 14.1
Hong Kong 3,620 4,153 3,620 14.7 -12.8
Total CA Exports 103,254 109,537 104,968 6.1 -4.2
Source: Massachusetts Institute of Social and Economic Research
(MISER), Series 1 Data.
TABLE 2 -- California Exports to Regional Trade Groups
% Change % of Total CA % of
1998 1997-98 CA Exports US Exports
Asian 10 41,301,078,834 -20.3 39.4 26.0
NAFTA 26,016,614,916 10.7 24.8 11.1
EU 23,221,691,614 9.9 22.1 15.5
ASEAN 10,366,278,288 -25.9 9.9 26.4
MERCOSUR 2,396,843,834 7.7 2.3 8.9
TABLE 3 -- Top 10 U.S. Exporting States
Values given in billions of U.S. dollars
% Change
Rank State 1997 1998 1996-97
1 California 109.54 104.97 -4.2
2 Texas 84.31 86.85 3.0
3 Washington 36.05 41.76 15.9
4 New York 41.73 41.56 -0.4
5 Illinois 29.19 31.54 8.1
6 Michigan 34.78 31.44 -9.6
7 Florida 27.60 28.68 3.9
8 Ohio 27.20 27.06 -0.5
9 Louisiana 20.65 18.37 -11.0
10 Pennsylvania 17.93 17.67 -1.5
TOTAL United States 687.60 680.47 -1.0
Source: MISER
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