New York City, Ny

District in New York, State of United States

2019
Economic
Complexity
: 0.47, Rank 10 of 39

Jan 2021
Trade
Exports | Imports
: $10.8B | $22.9B, 2 of 43 | 2 of 42

Jan 2021
Country
Destination | Origin
: China | China , $992M  | $3.5B

Jan 2021
Product
Exports | Imports
: Platinum | Packaged Medicaments , $1.08B  | $1.45B

Overview: This page contains the latest international trade data for New York City, NY, including export and import data.

Exports: In 2020, United States' New York City, Ny exported $124B, making it the 2nd largest exporter out of the 43 exporters in United States. In 2020 the top exports of New York City, Ny were Gold in unwrought forms non-monetary ($9.9B), Diamonds (jewellery) worked but not mounted... ($8.52B), Aircraft parts nes ($7.46B), Paintings/drawings/pastels executed by hand ($4.39B), and Palladium unwrought or in powder form ($3.93B).

Imports: In 2020, United States' New York City, Ny imported $268B, making it the 2nd largest importer out of the 43 importers in United States. In 2020 top imports of New York City, Ny were Articles of, or clad with, precious... ($24.4B), Gold in unwrought forms non-monetary ($21.7B), Medicaments nes, in dosage ($11.5B), Diamonds (jewellery) worked but not mounted... ($9.85B), and Commodities not specified according to kind ($8.91B).

Economic Complexity: In 2019, the highest complexity exports of New York City, Ny according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.96), Cermets (1.87), Halides (1.86), and Other Measuring Instruments (1.86). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between New York City, NY's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): United Kingdom, $13B

Top Product (2020): Gold in unwrought forms non-monetary, $9.9B

In 2020 the top export destinations of New York City, Ny were United Kingdom ($13B), Switzerland ($10.7B), China ($10.6B), Germany ($9.29B), and India ($5.88B).

In 2020 the top exports of New York City, Ny were Gold in unwrought forms non-monetary ($9.9B), Diamonds (jewellery) worked but not mounted... ($8.52B), Aircraft parts nes ($7.46B), Paintings/drawings/pastels executed by hand ($4.39B), and Palladium unwrought or in powder form ($3.93B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Depth

Top Origin (2020): Switzerland, $41.4B

Top Import (2020): Articles of, or clad with, precious..., $24.4B

In 2020 the top import origins of New York City, Ny were Switzerland ($41.4B), China ($33.7B), India ($17B), Germany ($15.3B), and Italy ($14.9B).

In 2020 the top imports of New York City, Ny were Articles of, or clad with, precious... ($24.4B), Gold in unwrought forms non-monetary ($21.7B), Medicaments nes, in dosage ($11.5B), Diamonds (jewellery) worked but not mounted... ($9.85B), and Commodities not specified according to kind ($8.91B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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New York City, Ny ranks 10th out of the 43 districts in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were New York City, Ny already has a comparative advantage, are led by Developed Exposed Photographic Material (0.39), Photo Lab Equipment (0.37), Phenol Derivatives (0.36), Artificial Filament Tow (0.36), and Photographic Paper (0.36).

Most Complex Products by PCI

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The highest complexity exports of New York City, Ny according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.96), Cermets (1.87), Halides (1.86), and Other Measuring Instruments (1.86). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Paintings (56.4), Sculptures (44.1), Antiques (30.6), Precious Stones (26.5), and Military Weapons (20.3).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since New York City, Ny is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  New York City, Ny. These are products that tend to be co-exported with the products that New York City, Ny exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.