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Overview This page contains the latest international trade data for New York. In November 2023 New York was the number 4 in total exports and the number 4 in total imports in United States.

Exports In 2022, United States' New York exported $106B, making it the 4th largest exporter out of the 53 exporters in United States. In 2022 the top exports of New York were Gold in unwrought forms non-monetary ($24.8B), Diamonds (jewellery) worked but not mounted... ($12.7B), Commodities not specified according to kind ($7.65B), Jewellery and parts of precious metal... ($5.72B), and Paintings, e.g. oil paintings, watercolours and... ($4.43B).

Imports In 2022, United States' New York imported $182B, making it the 4th largest importer out of the 53 importers in United States. In 2022 top imports of New York were Diamonds (jewellery) worked but not mounted... ($21.6B), Articles of, or clad with, precious... ($11.7B), Commodities not specified according to kind ($9.52B), Jewellery and parts of precious metal... ($5.46B), and Paintings, e.g. oil paintings, watercolours and... ($3.05B).

Economic Complexity In 2022, the highest complexity exports of New York according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.98), Metal Pickling Preparations (1.75), Glass Working Machines (1.43), Signaling Glassware (1.38), Micro-Organism Culture Preparations (1.27), Musical Instrument Parts (1.18), Nickel Bars (1.03), Newspapers (0.93), and Laboratory Ceramic Ware (0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)Switzerland$23.6B
Top Product (2022)Gold in unwrought forms non-monetary$24.8B

In 2022 the top export destinations of New York were Switzerland ($23.6B), Canada ($19.7B), Hong Kong ($6.15B), India ($4.95B), and United Kingdom ($4.88B).

In 2022 the top exports of New York were Gold in unwrought forms non-monetary ($24.8B), Diamonds (jewellery) worked but not mounted... ($12.7B), Commodities not specified according to kind ($7.65B), Jewellery and parts of precious metal... ($5.72B), and Paintings, e.g. oil paintings, watercolours and... ($4.43B).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
Israel $141M (49.7%)
France $65.4M (40.7%)
Mexico $24.6M (9.79%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
Switzerland -$1.73B (-87.5%)
Singapore -$208M (-72.8%)
United Kingdom -$203M (-41.4%)

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Yearly Imports

Color
Depth
Top Origin (2022)China$23.9B

In 2022 the top import origins of New York were China ($23.9B), Canada ($22.9B), India ($18.4B), Switzerland ($16.3B), and France ($9.5B).

In 2022 the top imports of New York were Diamonds (jewellery) worked but not mounted... ($21.6B), Articles of, or clad with, precious... ($11.7B), Commodities not specified according to kind ($9.52B), Jewellery and parts of precious metal... ($5.46B), and Paintings, e.g. oil paintings, watercolours and... ($3.05B).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Singapore $302M (437%)
Australia $166M (71.5%)
Russia $79.9M (988%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
Israel -$229M (-36.3%)
Austria -$160M (-66.3%)
China -$159M (-9.94%)

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Economic Complexity

Economic Complexity of New York

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Economic Complexity (2022)0.27

New York ranks 27th 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.

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Export Opportunities by Relatedness

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 (0.22), Watch Movements (0.22), Blown Glass (0.22), Developed Exposed Photographic Material (0.22), and Nickel Sheets (0.21).

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Most Complex Products by PCI

The highest complexity exports of New York according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.98), Metal Pickling Preparations (1.75), Glass Working Machines (1.43), Signaling Glassware (1.38), Micro-Organism Culture Preparations (1.27), Musical Instrument Parts (1.18), Nickel Bars (1.03), Newspapers (0.93), and Laboratory Ceramic Ware (0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Coin (80.61), Paintings (74.73), Sculptures (63.30), Precious Stones (48.14), and Antiques (31.62).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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