Orange County Business Journal
CSUF Study: OC exports to Grow Modestly, $28B by 2015
August 21, 2014
Orange County exports are expected to grow by nearly 6% this year to reach about $26.2 billion, according to a study by California State University Fullerton’s Center for Economic Analysis and Forecasting.
The report, authored by economists Mira Farka and Adrian Fleissig, provides analyses of export data for the Southern California region, including forecasts for OC and the Los Angeles-Long Beach-Santa Ana metropolitan area.
OC in 2012 had $24 billion in exports, the latest figure available according to the school’s research. Numbers for 2013 and on are forecasts. Farka and Fleissig said the county will have had a 3% growth in exports in 2013, to about $24.7 billion. The growth rate is likely to come in at 5.7% this year, and about 7.6% in 2015.
“Orange County exports are projected to increase steadily over the forecast horizon (between) 2013-2015, reaching just over $28 billion by 2015,” the report said, noting that the “pace of growth is expected to be less robust” than in earlier years. 2010 and 2011, for instance, each had exports growths of about 22%, coming off of a down year in 2009.
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