New York

Overview In December 2024 New York exported $6.12B and imported $22.6B, resulting in a negative trade balance of $16.5B. Between December 2023 and December 2024 the exports of New York have decreased by $-608M (-9.03%) from $6.73B to $6.12B, while imports increased by $11B (95.3%) from $11.6B to $22.6B.

Trade In December 2024, the top exports of New York were Diamonds ($819M), Jewellery ($705M), Paintings ($347M), Integrated Circuits ($245M), and Commodities not elsewhere specified ($153M). In December 2024 the top imports of New York were Other Precious Metal Products ($27B), Gold ($2.08B), Commodities not elsewhere specified ($1.46B), Diamonds ($1.01B), and Jewellery ($426M).

Destinations In December 2024, New York exported mostly to Canada ($1.01B), Israel ($428M), United Kingdom ($355M), Switzerland ($334M), and Germany ($311M), and imported mostly from Switzerland ($18.4B), Australia ($3.38B), Canada ($3.19B), Hong Kong ($2.01B), and China ($1.69B).

Growth In December 2024, the decrease in New York's year-by-year exports was explained primarily by an decrease in exports to Switzerland ($-1.14B or -77.3%), Singapore ($-370M or -72.5%), and Hong Kong ($-356M or -55.8%), and product exports decrease in Gold ($-1.8B or -98.1%), Paintings ($-105M or -23.3%), and Explosive Ammunition ($-78.6M or -68.8%). In December 2024, the increase in New York's year-by-year imports was explained primarily by an increase in imports from Switzerland ($17.6B or 2.19k%), Australia ($3.28B or 3.29k%), and Hong Kong ($1.88B or 1.43k%), and product imports increase in Other Precious Metal Products ($26.5B or 5.75k%), Gold ($1.98B or 1.99k%), and Commodities not elsewhere specified ($904M or 162%).