Overview: In January 2021 New York exported $4.71B and imported $11.2B, resulting in a negative trade balance of $6.46B. Between January 2020 and January 2021 the exports of New York have decreased by $-874M (-15.6%) from $5.58B to $4.71B, while imports increased by $1.43B (14.7%) from $9.74B to $11.2B.
Trade: In January 2021, the top exports of New York were Diamonds ($708M), Paintings ($291M), Jewellery ($199M), Gold ($198M), and Telephones ($142M). In January 2021 the top imports of New York were Diamonds ($1.42B), Other Precious Metal Products ($890M), Gold ($662M), Commodities not elsewhere specified ($586M), and Jewellery ($291M).
Destinations: In January 2021, New York exported mostly to Canada ($931M), Hong Kong ($321M), Switzerland ($294M), China ($271M), and Israel ($270M), and imported mostly from China ($1.69B), Canada ($1.35B), India ($1.31B), Switzerland ($1.22B), and France ($435M).
Growth: In January 2021, the decrease in New York's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-274M or -55.8%), Israel ($-132M or -32.8%), and Germany ($-94.6M or -27.2%), and product exports decrease in Paintings ($-324M or -52.7%), Diamonds ($-176M or -19.9%), and Jewellery ($-147M or -42.4%). In January 2021, the increase in New York's year-by-year imports was explained primarily by an increase in imports from Switzerland ($851M or 229%), India ($352M or 36.9%), and Australia ($241M or 574%), and product imports increase in Other Precious Metal Products ($851M or 2.19k%), Gold ($578M or 687%), and Scented Mixtures ($174M or 628%).