Overview This page contains the latest international trade data for New Jersey. In June 2022 New Jersey was the number 10 in total exports and the number 4 in total imports in United States.

Exports In 2021, United States' New Jersey exported $49.5B, making it the 10th largest exporter out of the 53 exporters in United States. In 2021 the top exports of New Jersey were Rhodium unwrought or in powder form ($4.4B), Palladium unwrought or in powder form ($3.07B), Waste and scrap of precious metals:... ($1.92B), Waste and scrap of precious metals:... ($1.72B), and Jewellery and parts of precious metal... ($1.65B).

Imports In 2021, United States' New Jersey imported $157B, making it the 4th largest importer out of the 53 importers in United States. In 2021 top imports of New Jersey were Medicaments nes, in dosage ($15.8B), Petroleum spirit for motor vehicles ($9.62B), Petroleum oils, oils from bituminous minerals,... ($7.97B), Light petroleum distillates nes ($5.26B), and Immunological products packings for retail sale ($3.59B).

Economic Complexity In 2020, the highest complexity exports of New Jersey according to the product complexity index (PCI) are Photographic Chemicals (2.16), Glass Balls (1), Precious Metal Compounds (0.78), Reaction and Catalytic Products (0.66), and Platinum (0.58). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): Canada, $9.93B

Top Product (2021): Rhodium unwrought or in powder form, $4.4B

In 2021 the top export destinations of New Jersey were Canada ($9.93B), United Kingdom ($4.38B), China ($4.14B), Japan ($3.25B), and Mexico ($3.24B).

In 2021 the top exports of New Jersey were Rhodium unwrought or in powder form ($4.4B), Palladium unwrought or in powder form ($3.07B), Waste and scrap of precious metals:... ($1.92B), Waste and scrap of precious metals:... ($1.72B), and Jewellery and parts of precious metal... ($1.65B).

Exports Dynamics

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Fastest Growing Exports Destination (Jun 2021 - Jun 2022)

Rapidly Declining Export Origins (Jun 2021 - Jun 2022)

Yearly Imports

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Top Origin (2021): China, $16.7B

Top Import (2021): Medicaments nes, in dosage, $15.8B

In 2021 the top import origins of New Jersey were China ($16.7B), Switzerland ($12.1B), Italy ($10.5B), India ($9.59B), and Canada ($8.56B).

In 2021 the top imports of New Jersey were Medicaments nes, in dosage ($15.8B), Petroleum spirit for motor vehicles ($9.62B), Petroleum oils, oils from bituminous minerals,... ($7.97B), Light petroleum distillates nes ($5.26B), and Immunological products packings for retail sale ($3.59B).

Imports Dynamics

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Fastest Growing Import Origins (Jun 2021 - Jun 2022)

Rapidly Declining Import Origins (Jun 2021 - Jun 2022)

Economic Complexity

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Economic Complexity of New Jersey

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Economic Complexity (2021): 0.25

New Jersey ranks 30th out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were New Jersey already has a comparative advantage, are led by Nitrogen Heterocyclic Compounds (0.31), Photographic Paper (0.3), Non-optical Microscopes (0.29), Sulfonamides (0.29), and Petroleum Resins (0.29).

Most Complex Products by PCI

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The highest complexity exports of New Jersey according to the product complexity index (PCI) are Photographic Chemicals (2.16), Glass Balls (1), Precious Metal Compounds (0.78), Reaction and Catalytic Products (0.66), and Platinum (0.58). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Platinum (73.8), Precious Metal Scraps (57.8), Other Isotopes (32.9), Glass Balls (17.2), and Sorghum (14.6).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since New Jersey is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  New Jersey. These are products that tend to be co-exported with the products that New Jersey exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.