New Jersey

Overview In September 2023 New Jersey exported $3.48B and imported $11.7B, resulting in a negative trade balance of $8.22B. Between September 2022 and September 2023 the exports of New Jersey have decreased by $-339M (-8.87%) from $3.82B to $3.48B, while imports decreased by $-1.26B (-9.76%) from $13B to $11.7B.

Trade In September 2023, the top exports of New Jersey were Computers ($294M), Platinum ($259M), Refined Petroleum ($177M), Jewellery ($155M), and Vaccines, blood, antisera, toxins and cultures ($126M). In September 2023 the top imports of New Jersey were Refined Petroleum ($1.55B), Crude Petroleum ($842M), Cars ($839M), Packaged Medicaments ($521M), and Platinum ($228M).

Destinations In September 2023, New Jersey exported mostly to Canada ($754M), Mexico ($286M), Sweden ($206M), Japan ($190M), and China ($185M), and imported mostly from China ($1.27B), India ($850M), Italy ($797M), Canada ($663M), and Mexico ($644M).

Growth In September 2023, the decrease in New Jersey's year-by-year exports was explained primarily by an decrease in exports to Italy ($-238M or -56.5%), China ($-195M or -44.9%), and United Kingdom ($-80.9M or -24.6%), and product exports decrease in Platinum ($-593M or -52.2%), Precious Metal Scraps ($-101M or -36.9%), and Telephones ($-53.3M or -36.9%). In September 2023, the decrease in New Jersey's year-by-year imports was explained primarily by an decrease in imports from Russia ($-225M or -78.7%), United Kingdom ($-208M or -29%), and Ireland ($-149M or -60.7%), and product imports decrease in Platinum ($-411M or -75%), Packaged Medicaments ($-280M or -19.9%), and Refined Petroleum ($-167M or -19.8%).