Orange County will take in $30 billion in trade exports annually by 2014, according to a new report by two Cal State Fullerton economic professors.
Orange County exports have grown in recent years, boasting 20 percent growths in 2010 and 2011 after falling 15 percent during the 2009 recession, says the report, by Cal State Fullerton economic professors Mira Farka and Adrian Fleissig.
The report is published by the Mihaylo College Business and Economics’ Institute for Economic and Environmental Studies, which issues local economic forecasts.
In 2011, Orange County’s annual exports brought in nearly $25 billion, compared to $72,000 billion for the Los Angeles/Long Beach region. By 2014, Orange County is expected to rise to nearly $30 billion, a 9.7 percent increase, the report says.
The top countries Orange County exports to are Mexico ($5.8 billion) and Canada ($2.8 billion), totaling a third of the county’s exports, the report says.
Orange County’s top exporting sectors are computer and electronic products ($7 billion in 2011) and transportation equipment ($4 billion in 2011), according to the report.
Click here for more information on CSUF’s Institute for Economic and Environmental Studies.
Read the full report here.