Top Exports From New York CityTotal Exports From New York City: $54,685,425,823
|Rank||Commodity||Total YTD Exports|
|2||Diamonds, not mounted||$4,709,896,392|
|5||Motor vehicles for transporting people||$1,929,908,722|
|6||Paintings, drawings and other artwork||$1,272,541,462|
|8||Landline, cellular phone equipment||$878,756,948|
|9||Medical instruments for surgeons, dentists, vets||$776,894,195|
|10||Scrap of precious metal||$731,629,540|
Top Imports To New York CityTotal Imports To New York City: $69,975,673,684
|1||Oil, not crude||$5,953,202,448|
|2||Diamonds, not mounted||$5,371,467,103|
|3||Motor vehicles for transporting people||$3,516,739,687|
|4||Imports of returned exports||$2,955,876,389|
|7||Landline, cellular phone equipment||$1,528,146,358|
|9||Paintings, drawings and other artwork||$1,241,052,547|
|10||Unwrought platinum in various forms||$1,206,487,544|
Top New York City Trading PartnersTotal New York City trade: $124,661,099,507
Top US Trading PartnersTotal U.S. trade for all countries: $1,240,094,299,613
|Rank||Commodity||Total YTD Exports|
New York City’s trade decreases -2.92 percent through April
New York City’s trade with the world rose to $124,661,099,507 through the first four months of 2013, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s -2.92 percent decreases the Customs district’s total trade during the same time period last year. The district’s exports decreased -0.46 percent while imports dropped -4.76 percent.
Through April the district’s top trade partners were No. 1 China, No. 2 Switzerland, No. 3 Germany, No. 4 United Kingdom and No. 5 India. Through the first four months of the last year, top five spots were held by China, Switzerland, United Kingdom, Germany and Japan, respectively.
Taking a closer look at the leading trade partners with New York City:
- No.1 China’s trade rose 0.80 percent to $16,977,719,610.
Exports rose 33.67 percent to $4,143,977,565. Imports fell -6.62 percent to $12,833,742,045.
- No.2 Switzerland’s trade rose 2.75 percent to $8,748,244,739.
Exports rose 13.68 percent to $5,896,692,273. Imports fell -14.29 percent to $2,851,552,466.
- No.3 Germany’s trade fell -0.77 percent to $7,320,555,146.
Exports fell -9.26 percent to $2,927,348,533. Imports rose 5.83 percent to $4,393,206,613.
- No.4 United Kingdom’s trade fell -20.87 percent to $6,685,060,243.
Exports fell -26.46 percent to $3,751,598,478. Imports fell -12.36 percent to $2,933,461,765.
- No.5 India’s trade rose 0.67 percent to $6,284,402,355.
Exports rose 0.34 percent to $1,974,361,262. Imports rose 0.82 percent to $4,310,041,093.
New York City’s top five trading partners through April accounted for 36.91 percent of its trade with the world. The U.S. average for the same period was 53.19 percent.
New York City had trade surpluses with 122 countries and deficits with 99 through April. That compares with 126 surpluses and 100 deficits for the same period one year earlier. The top three surpluses through April of this year were with Hong Kong, $3,667,745,395; Switzerland, $3,045,139,807; and United Arab Emirates, $2,098,177,968. The top three deficits were with China ($8,689,764,480), Japan ($2,638,830,391) and Italy ($2,397,190,248).
Meanwhile, total U.S. trade decreased to $1,240,094,299,613, down -0.88 percent compared to the same period last year. The nation’s exports climbed 0.32 percent to $4,038,186,093 as imports dropped -1.20 percent to $-15,017,653,007. The nation’s top five trade districts so far this year, by value, are Los Angeles, New York City, Laredo, Houston and Detroit. The overall trade deficit climbed $-214,073,880,779, down compared to the same period of last year when the deficit was $-233,129,719,879.
New York City’s top five exports by value through April were gold; diamonds, not mounted; aircraft; jewelry, parts; and motor vehicles for transporting people, in that order. Those accounted for 39.03 percent of its total outbound trade. The value of the district’s top five imports, oil, not crude; diamonds, not mounted; motor vehicles for transporting people; imports of returned exports; and oil, accounted for 28.57 percent of all inbound shipments.
Looking more closely at New York City exports:
- Gold rose 28.04 percent compared to last year to $8,278,491,511.
- Diamonds, not mounted rose 8.65 percent compared to last year to $4,709,896,392.
- Aircraft rose 13.83 percent compared to last year to $3,721,584,892.
- Jewelry, parts rose 44.37 percent compared to last year to $2,706,161,043.
- Motor vehicles for transporting people rose 55.65 percent compared to last year to $1,929,908,722.
On the import side:
- Oil, not crude fell -14.87 percent compared to last year to $5,953,202,448.
- Diamonds, not mounted fell -0.63 percent compared to last year to $5,371,467,103.
- Motor vehicles for transporting people rose 2.47 percent compared to last year to $3,516,739,687.
- Imports of returned exports rose 11.49 percent compared to last year to $2,955,876,389.
- Oil fell -35.59 percent compared to last year to $2,192,873,976.
Last year the New York City district posted total trade with the world of $381,821,830,413. The district’s deficit was $-65,205,166,729. At year end, the region’s top five partners were China, United Kingdom, Germany, India and Switzerland. Exports totaled $158,308,331,842 and imports came to $223,513,498,571.