New Jersey

Overview In December 2024 New Jersey exported $3.16B and imported $13.2B, resulting in a negative trade balance of $10B. Between December 2023 and December 2024 the exports of New Jersey have decreased by $-160M (-4.82%) from $3.32B to $3.16B, while imports increased by $1.28B (10.7%) from $11.9B to $13.2B.

Trade In December 2024, the top exports of New Jersey were Platinum ($317M), Jewellery ($305M), Cars ($136M), Beauty Products ($107M), and Computers ($107M). In December 2024 the top imports of New Jersey were Cars ($1.47B), Packaged Medicaments ($914M), Crude Petroleum ($812M), Refined Petroleum ($643M), and Grapes ($337M).

Destinations In December 2024, New Jersey exported mostly to Canada ($653M), Mexico ($278M), Netherlands ($171M), Germany ($168M), and China ($163M), and imported mostly from China ($1.42B), India ($999M), United Kingdom ($985M), Canada ($851M), and Japan ($708M).

Growth In December 2024, the decrease in New Jersey's year-by-year exports was explained primarily by an decrease in exports to Japan ($-114M or -47.7%), Chinese Taipei ($-82.9M or -64.1%), and United Arab Emirates ($-34.6M or -29%), and product exports decrease in Machinery Having Individual Functions ($-83.5M or -93.6%), Telephones ($-63.7M or -66.7%), and Vaccines, blood, antisera, toxins and cultures ($-51M or -42.4%). In December 2024, the increase in New Jersey's year-by-year imports was explained primarily by an increase in imports from Japan ($484M or 217%), India ($370M or 58.8%), and United Kingdom ($232M or 30.8%), and product imports increase in Cars ($423M or 40.6%), Vaccines, blood, antisera, toxins and cultures ($194M or 172%), and Grapes ($171M or 104%).