California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

The Dept. of Commerce released both December 2010 and year end results of
the US International Goods and Services and the balance of trade.

The nation’s international trade deficit in goods and services increased
in December with exports of $163.0 billion and imports of $203.5 billion
resulting in a deficit of $40.6 billion, up from $38.3 billion in the November
revised calculation. December exports were $2.8 billion more than November
exports of $160.1 billion. December imports were $5.1 billion more than November
imports of $198.5 billion.

California’s total exports were $13.3 billion and total imports were $27 billion
in December a trade deficit of $13.7, a reduction in the state trade deficit of
$3.7 billion from November.

For the year, California had over $143 billion in exports, second only to Texas
with $200 billion. California leads the nation in imports with $327 billion in
imports for the year. California also leads the nation in total imports and exports
with $470 billion.

I am Tim Johnson and this has been the California Business Minute.