Overview: In January 2021 New York, NY exported $2.35B and imported $1.08B, resulting in a positive trade balance of $1.26B. Between January 2020 and January 2021 the exports of New York, NY have decreased by $-94.6M (-3.88%) from $2.44B to $2.35B, while imports increased by $208M (23.8%) from $876M to $1.08B.
Trade: In January 2021, the top exports of New York, 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, NY were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, New York, NY exported mostly to China ($199M), Netherlands ($141M), India ($137M), Germany ($133M), and United Kingdom ($129M), and imported mostly from India ($154M), China ($119M), Bangladesh ($87.5M), Italy ($63.2M), and Germany ($62.9M).
Growth: In January 2021, the decrease in New York, NY's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-882M or -53.2%), and Refined Petroleum ($-668M or -16.5%). In January 2021, the increase in New York, 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%).