Overview This page contains the latest international trade data for New York. In May 2022 New York was the number 3 in total exports and the number 5 in total imports in United States.

Exports In 2021, United States' New York exported $84.9B, making it the 3rd largest exporter out of the 53 exporters in United States. In 2021 the top exports of New York were Gold in unwrought forms non-monetary ($14.6B), Diamonds (jewellery) worked but not mounted... ($9.54B), Commodities not specified according to kind ($5.44B), Paintings/drawings/pastels executed by hand ($4.52B), and Jewellery and parts of precious metal... ($3.85B).

Imports In 2021, United States' New York imported $154B, making it the 5th largest importer out of the 53 importers in United States. In 2021 top imports of New York were Diamonds (jewellery) worked but not mounted... ($18.4B), Commodities not specified according to kind ($8.01B), Articles of, or clad with, precious... ($6.5B), Jewellery and parts of precious metal... ($5.38B), and Paintings/drawings/pastels executed by hand ($3.66B).

Economic Complexity In 2020, the highest complexity exports of New York according to the product complexity index (PCI) are Glass Working Machines (1.53), Micro-Organism Culture Preparations (1.23), Paintings (0.074), Synthetic Reconstructed Jewellery Stones (-0.3), and Pearl Products (-0.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): Canada, $16.5B

Top Product (2021): Gold in unwrought forms non-monetary, $14.6B

In 2021 the top export destinations of New York were Canada ($16.5B), Switzerland ($11.5B), Hong Kong ($7.17B), United Kingdom ($3.87B), and India ($3.79B).

In 2021 the top exports of New York were Gold in unwrought forms non-monetary ($14.6B), Diamonds (jewellery) worked but not mounted... ($9.54B), Commodities not specified according to kind ($5.44B), Paintings/drawings/pastels executed by hand ($4.52B), and Jewellery and parts of precious metal... ($3.85B).

Exports Dynamics

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Fastest Growing Exports Destination (May 2021 - May 2022)

Rapidly Declining Export Origins (May 2021 - May 2022)

Yearly Imports

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Top Origin (2021): China, $22.5B

Top Import (2021): Diamonds (jewellery) worked but not mounted..., $18.4B

In 2021 the top import origins of New York were China ($22.5B), Canada ($17.9B), India ($17.2B), Switzerland ($13.9B), and France ($7.61B).

In 2021 the top imports of New York were Diamonds (jewellery) worked but not mounted... ($18.4B), Commodities not specified according to kind ($8.01B), Articles of, or clad with, precious... ($6.5B), Jewellery and parts of precious metal... ($5.38B), and Paintings/drawings/pastels executed by hand ($3.66B).

Imports Dynamics

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Fastest Growing Import Origins (May 2021 - May 2022)

Rapidly Declining Import Origins (May 2021 - May 2022)

Economic Complexity

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Economic Complexity of New York

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Economic Complexity (2021): 0.31

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.

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 Halides (0.26), Non-optical Microscopes (0.26), Nickel Sheets (0.25), Nitrogen Heterocyclic Compounds (0.25), and Blown Glass (0.24).

Most Complex Products by PCI

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The highest complexity exports of New York according to the product complexity index (PCI) are Glass Working Machines (1.53), Micro-Organism Culture Preparations (1.23), Paintings (0.074), Synthetic Reconstructed Jewellery Stones (-0.3), and Pearl Products (-0.51). 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 (61.9), Sculptures (54.2), Glass Working Machines (53.0), Precious Stones (41.1), and Antiques (27.1).

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. Bubble size corresponds to exports value by year 2020.