New York

Overview In January 2024 New York exported $7.71B and imported $12B, resulting in a negative trade balance of $4.29B. Between January 2023 and January 2024 the exports of New York have decreased by $-243M (-3.06%) from $7.95B to $7.71B, while imports increased by $497M (4.32%) from $11.5B to $12B.

Trade In January 2024, the top exports of New York were Gold ($1.83B), Diamonds ($874M), Jewellery ($692M), Paintings ($452M), and Integrated Circuits ($160M). In January 2024 the top imports of New York were Diamonds ($1.16B), Commodities not elsewhere specified ($559M), Paintings ($476M), Jewellery ($463M), and Other Precious Metal Products ($461M).

Destinations In January 2024, New York exported mostly to Switzerland ($1.48B), Canada ($892M), Hong Kong ($638M), Israel ($600M), and Singapore ($511M), and imported mostly from Canada ($1.83B), China ($1.65B), India ($973M), Italy ($915M), and Switzerland ($804M).

Growth In January 2024, the decrease in New York's year-by-year exports was explained primarily by an decrease in exports to Hong Kong ($-173M or -32.1%), Israel ($-73.8M or -17.5%), and United Kingdom ($-70.9M or -16%), and product exports decrease in Telephones ($-38.7M or -26.8%), Machines and apparatus of a kind... ($-31.7M or -77.4%), and Navigation Equipment ($-30M or -94.5%). In January 2024, the increase in New York's year-by-year imports was explained primarily by an increase in imports from Thailand ($142M or 83.4%), Australia ($68.3M or 46.4%), and South Korea ($65.1M or 28.6%), and product imports increase in Precious Stones ($140M or 84.1%), Coin ($107M or 82.6%), and Semiconductor Devices ($75.3M or 157%).