New York

Overview In August 2024 New York exported $7.59B and imported $11.5B, resulting in a negative trade balance of $3.88B. Between August 2023 and August 2024 the exports of New York have decreased by $-1B (-11.7%) from $8.59B to $7.59B, while imports decreased by $-1.4B (-10.9%) from $12.9B to $11.5B.

Trade In August 2024, the top exports of New York were Gold ($1.41B), Commodities not elsewhere specified ($783M), Diamonds ($739M), Jewellery ($403M), and Paintings ($333M). In August 2024 the top imports of New York were Diamonds ($1.02B), Commodities not elsewhere specified ($716M), Jewellery ($434M), Other Precious Metal Products ($285M), and Paintings ($244M).

Destinations In August 2024, New York exported mostly to Canada ($1.73B), Switzerland ($892M), India ($621M), Hong Kong ($344M), and Israel ($338M), and imported mostly from China ($1.7B), Canada ($1.52B), India ($1.04B), Switzerland ($724M), and Italy ($682M).

Growth In August 2024, the decrease in New York's year-by-year exports was explained primarily by an decrease in exports to Switzerland ($-644M or -41.9%), Hong Kong ($-296M or -46.3%), and United Kingdom ($-98.5M or -29.5%), and product exports decrease in Diamonds ($-317M or -30%), Gold ($-307M or -17.8%), and Paintings ($-190M or -36.3%). In August 2024, the decrease in New York's year-by-year imports was explained primarily by an decrease in imports from Canada ($-439M or -22.4%), France ($-218M or -25.9%), and Israel ($-176M or -35.1%), and product imports decrease in Other Precious Metal Products ($-376M or -56.9%), Paintings ($-225M or -48%), and Cars ($-208M or -61.5%).