New York

State in United States

Exports (2019): $73B, Rnk 3/53

Top Destination (2019): $14.2B, Canada

Top Export (2019): $11.8B, Diamonds (jewellery) worked but not mounted...

Imports (2019): $131B, Rnk 5/53

Top Origin (2019): $21.6B, China

Top Import (2019): $17.4B, Diamonds (jewellery) worked but not mounted...

Economic Complexity (2019): 0.31, Rnk 22 / 53

Overview: This page contains the latest international trade data for New York, including export and import data.

Exports: In 2019, United States' New York exported $73B, making it the 3rd largest exporter out of the 53 exporters in United States. In 2019 the top exports of New York were Diamonds (jewellery) worked but not mounted... ($11.8B), Paintings/drawings/pastels executed by hand ($6.89B), Jewellery and parts of precious metal... ($5.19B), Commodities not specified according to kind ($4.23B), and Aircraft parts nes ($1.53B).

Imports: In 2019, United States' New York imported $131B, making it the 5th largest importer out of the 53 importers in United States. In 2019 top imports of New York were Diamonds (jewellery) worked but not mounted... ($17.4B), Commodities not specified according to kind ($10.8B), Paintings/drawings/pastels executed by hand ($5.84B), Gold in unwrought forms non-monetary ($3.4B), and Jewellery and parts of precious metal... ($3.33B).

Economic Complexity: In 2019, the highest complexity exports of New York according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Cermets (2.2), Photographic Chemicals (2.17), Photographic Film (1.89), and Silicone (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Canada, $14.2B

Top Product (2019): Diamonds (jewellery) worked but not mounted..., $11.8B

In 2019 the top export destinations of New York were Canada ($14.2B), Hong Kong ($6.56B), Switzerland ($6.15B), United Kingdom ($5.32B), and Israel ($4.42B).

In 2019 the top exports of New York were Diamonds (jewellery) worked but not mounted... ($11.8B), Paintings/drawings/pastels executed by hand ($6.89B), Jewellery and parts of precious metal... ($5.19B), Commodities not specified according to kind ($4.23B), and Aircraft parts nes ($1.53B).

Export Dynamics

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Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): China, $21.6B

Top Import (2019): Diamonds (jewellery) worked but not mounted..., $17.4B

In 2019 the top import origins of New York were China ($21.6B), Canada ($16.9B), India ($12.2B), France ($9.47B), and Israel ($7.29B).

In 2019 the top imports of New York were Diamonds (jewellery) worked but not mounted... ($17.4B), Commodities not specified according to kind ($10.8B), Paintings/drawings/pastels executed by hand ($5.84B), Gold in unwrought forms non-monetary ($3.4B), and Jewellery and parts of precious metal... ($3.33B).

Import Dynamics

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Fastest Growing Import Origins (September 2019 - September 2020)

Rapidly Declining Import Origins (September 2019 - September 2020)

Comparison in Time

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This section shows differences between total trade from New York throughout time.

This section shows forecasts for total exports and imports from New York. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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New York ranks 22nd out of the 53 states and territories in United States according to ECI.

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 York already has a comparative advantage, are led by Non-optical Microscopes (0.27), Halides (0.27), Photo Lab Equipment (0.26), Blown Glass (0.26), and Artificial Filament Tow (0.25).

Most Complex Products by PCI

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The highest complexity exports of New York according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Cermets (2.2), Photographic Chemicals (2.17), Photographic Film (1.89), and Silicone (1.81). 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 Paintings (113), Sculptures (90.2), Antiques (63), Precious Stones (55.7), and Glass Working Machines (38.2).

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 York 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 York. These are products that tend to be co-exported with the products that New York 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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Depth
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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.