New Jersey

Overview In August 2024 New Jersey exported $3.78B and imported $13B, resulting in a negative trade balance of $9.25B. Between August 2023 and August 2024 the exports of New Jersey have decreased by $-211M (-5.3%) from $3.99B to $3.78B, while imports decreased by $-707M (-5.15%) from $13.7B to $13B.

Trade In August 2024, the top exports of New Jersey were Platinum ($249M), Computers ($242M), Refined Petroleum ($237M), Beauty Products ($157M), and Cars ($125M). In August 2024 the top imports of New Jersey were Cars ($1.44B), Refined Petroleum ($1.19B), Crude Petroleum ($872M), Packaged Medicaments ($679M), and Orthopedic Appliances ($244M).

Destinations In August 2024, New Jersey exported mostly to Canada ($735M), Mexico ($312M), Netherlands ($239M), United Kingdom ($219M), and India ($219M), and imported mostly from China ($1.35B), United Kingdom ($959M), India ($746M), Italy ($730M), and Canada ($725M).

Growth In August 2024, the decrease in New Jersey's year-by-year exports was explained primarily by an decrease in exports to Luxembourg ($-125M or -99.6%), Japan ($-120M or -49%), and United Arab Emirates ($-84.9M or -55.2%), and product exports decrease in Vaccines, blood, antisera, toxins and cultures ($-119M or -57%), Computers ($-118M or -32.7%), and Jewellery ($-97.8M or -50.1%). In August 2024, the decrease in New Jersey's year-by-year imports was explained primarily by an decrease in imports from Chinese Taipei ($-744M or -78.7%), South Korea ($-191M or -47.9%), and India ($-186M or -20%), and product imports decrease in Office Machine Parts ($-740M or -94.4%), Refined Petroleum ($-625M or -34.5%), and Platinum ($-234M or -59.6%).