International trade is a critical component of California’s economic growth and an engine of job creation. In 2018, California ranked first in the United States in two-way trade, with an estimated value of $619 billion with 230 foreign markets.
How California’s Economy Benefits from International Trade
- International trade supports more than 4.7 million California jobs. These trade-related jobs come from large and small companies, farmers, and factories.
- Exports support small, medium, and large businesses. Most California exporters are small and medium-sized companies with less than 500 workers.
- California exports billions of dollars in goods and services annually, including electronics, transportation equipment, agricultural products, software, and machinery.
- Customers in 230 countries buy California-grown and California-made goods and services. Top markets like Mexico, Canada, and China buy billions of dollars of California products and services every year.
- Free Trade Agreements (FTAs) have led to rapid export growth to partner countries. America’s FTA partners purchased over 40% - more than $73 Billion - of California’s total exported goods in 2018.
Although trade agreements are negotiated and regulated by the federal government, their impact on California is significant. The International Affairs and Trade unit works to drive business for California and increase global economic strength and competitiveness.
For more information, please contact us.
Visit the California Business Portal
for additional export assistance resources and information to get your business up and running globally.