Exports from California
California is the fourth largest economy in the world with a gross state product of over $2 trillion. California ranks second in the United States for the exports of goods, with an estimated value of $165 billion. International trade and investment have become a critical component for California’s economic growth and engine for creating jobs. California’s two-way international trade translates into high-paying jobs for more than 1 million Californians. According to the Department of Commerce, the exports from California helped contribute to the $2.21 trillion of U.S. goods and services exports in 2016. In 2016, California exported $163.6 billion to 228 foreign economies.
California’s top export markets are Mexico, Canada, China, Japan and Hong Kong. Exports from California accounted for 11 percent of total U.S. exports in 2016.
In 2016, new foreign direct investment into California totaled $64.705 billion, that create jobs, increase revenues for California enterprises, and improve California’s international competitiveness; and which is also in concert with protecting the environment and promoting sustainable development. California is a top exporter in the nation of computers, electronic products, and sales of food and kindred products. Computers and electronic products are California’s top export, accounting for 26.1 percent of all the state’s exports. Other top categories included transportation equipment, machinery, except electrical, and manufactured commodities.
According to the California Chamber of Commerce, Mexico continues to be California’s number one export market. California exports to Mexico slightly decreased to $25.3 billion in 2016, down from $26.8 billion in 2015. Mexico purchases 15.4 percent of all California exports. Canada is California’s second largest export market, purchasing 9.9 percent of all California exports. In 2016, California exported over $16.2 billion to Canada. California is the largest exporting state to Asia. In 2016, California exported $68.7 billion in goods to the region. California exports to Mainland China totaled $14.4 billion in 2016. Computers and electronic products accounted for 29.9 percent of exports to China. California exports to the European Union (28) totaled $29.7 billion in 2016. California is the top exporting state to Europe. Computers, electronic products, chemicals, transportation equipment, and miscellaneous manufactured commodities are our leading export sectors to the region. European Union countries purchase 18.2 percent of all California exports.