New York

State in United States

2019
Economic
Complexity
: 0.32, Rank 23 of 53

Jan 2021
Trade
Exports | Imports
: $4.71B | $11.2B, 4 of 54 | 4 of 54

Jan 2021
Country
Destination | Origin
: Canada | China , $931M  | $1.69B

Jan 2021
Product
Exports | Imports
: Diamonds | Diamonds , $708M  | $1.42B

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

Exports: In 2020, United States' New York exported $61.8B, making it the 3rd largest exporter out of the 53 exporters in United States. In 2020 the top exports of New York were Diamonds (jewellery) worked but not mounted... ($6.58B), Gold in unwrought forms non-monetary ($5.78B), Paintings/drawings/pastels executed by hand ($4.29B), Commodities not specified according to kind ($4B), and Jewellery and parts of precious metal... ($2.82B).

Imports: In 2020, United States' New York imported $153B, making it the 4th largest importer out of the 53 importers in United States. In 2020 top imports of New York were Articles of, or clad with, precious... ($21.5B), Gold in unwrought forms non-monetary ($21B), Diamonds (jewellery) worked but not mounted... ($11B), Commodities not specified according to kind ($6.1B), and Gold, semi-manufactured forms, non-monetary ($4.02B).

Economic Complexity: In 2019, the highest complexity exports of New York according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.96), Cermets (1.87), Other Measuring Instruments (1.86), and Silicone (1.83). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between New York's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $13.8B

Top Product (2020): Diamonds (jewellery) worked but not mounted..., $6.58B

In 2020 the top export destinations of New York were Canada ($13.8B), Switzerland ($6.43B), United Kingdom ($4.09B), Hong Kong ($3.93B), and Germany ($3.03B).

In 2020 the top exports of New York were Diamonds (jewellery) worked but not mounted... ($6.58B), Gold in unwrought forms non-monetary ($5.78B), Paintings/drawings/pastels executed by hand ($4.29B), Commodities not specified according to kind ($4B), and Jewellery and parts of precious metal... ($2.82B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Switzerland, $33.1B

Top Import (2020): Articles of, or clad with, precious..., $21.5B

In 2020 the top import origins of New York were Switzerland ($33.1B), China ($19.6B), Canada ($15.2B), India ($9.68B), and France ($5.95B).

In 2020 the top imports of New York were Articles of, or clad with, precious... ($21.5B), Gold in unwrought forms non-monetary ($21B), Diamonds (jewellery) worked but not mounted... ($11B), Commodities not specified according to kind ($6.1B), and Gold, semi-manufactured forms, non-monetary ($4.02B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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New York ranks 23rd out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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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 Halides (0.27), Non-optical Microscopes (0.27), Developed Exposed Photographic Material (0.26), Phenol Derivatives (0.26), and Nitrogen Heterocyclic Compounds (0.26).

Most Complex Products by PCI

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The highest complexity exports of New York according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.96), Cermets (1.87), Other Measuring Instruments (1.86), and Silicone (1.83). 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 (104), Sculptures (80.6), Antiques (51), Precious Stones (47.9), and Glass Working Machines (31.5).

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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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.