Overview: In January 2021 New York City, NY exported $10.8B and imported $22.9B, resulting in a negative trade balance of $12B. Between January 2020 and January 2021 the exports of New York City, NY have increased by $171M (1.61%) from $10.6B to $10.8B, while imports increased by $4.48B (24.4%) from $18.4B to $22.9B.
Trade: In January 2021, the top exports of New York City, NY were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of New York City, NY were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, New York City, NY exported mostly to China ($992M), Germany ($935M), United Kingdom ($854M), Switzerland ($694M), and Italy ($691M), and imported mostly from China ($3.5B), Switzerland ($2.41B), India ($1.73B), Italy ($1.35B), and Germany ($1.33B).
Growth: In January 2021, the increase in New York City, NY's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the increase in New York City, NY's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 59%), China ($1.79B or 20.1%), and Switzerland ($851M or 229%), and product imports increase in Computers ($1.32B or 78.1%), Other Precious Metal Products ($851M or 2.19k%), and Computers ($792M or 126%).