| March 2012 |
Total Exports From New York City
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Gold | $4,404,559,228 |
2 | Diamonds, not mounted | $3,446,275,678 |
3 | Aircraft | $2,505,617,488 |
4 | Jewelry, parts | $1,476,193,325 |
5 | Oil, not crude | $1,281,182,648 |
6 | Paintings, drawings and other artwork | $1,174,630,315 |
7 | Motor vehicles for transporting people | $908,274,124 |
8 | Medicine | $697,474,376 |
9 | Human blood, animal blood, plasma, vaccines | $657,711,644 |
10 | Medical instruments for surgeons, dentists, vets | $649,223,622 |
Total Imports To New York City
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Oil, not crude | $5,327,661,391 |
2 | Diamonds, not mounted | $4,211,329,620 |
3 | Motor vehicles for transporting people | $2,686,117,879 |
4 | Oil | $2,427,534,785 |
5 | Imports of returned exports | $2,147,449,452 |
6 | Computers | $1,618,604,992 |
7 | Landline, cellular phone equipment | $1,122,930,921 |
8 | Unwrought platinum in various forms | $1,019,322,859 |
9 | Paintings, drawings and other artwork | $995,882,785 |
10 | Medicine | $939,407,585 |
| March 2012 |
Top New York City Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CHINA | $12,696,397,540 |
2 | SWITZERLAND | $6,875,241,428 |
3 | UNITED KINGDOM | $6,334,708,625 |
4 | GERMANY | $5,629,329,926 |
5 | JAPAN | $5,118,961,607 |
6 | INDIA | $4,539,414,726 |
7 | ISRAEL | $4,536,251,808 |
8 | FRANCE | $3,819,351,649 |
9 | ITALY | $3,590,776,909 |
10 | HONG KONG | $3,275,284,474 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
New York City’s trade increases 5.43 percent through March
New York City’s trade with the world rose to $96,217,109,397 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 5.43 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 3.56 percent while imports rose 6.83 percent.
Through March the district’s top trade partners were No. 1 China, No. 2 Switzerland, No. 3 United Kingdom, No. 4 Germany and No. 5 Japan. Through the first three months of the last year, top five spots were held by China, United Kingdom, Germany, Israel and Japan, respectively.
Taking a closer look at the leading trade partners with New York City:
- No.1 China’s trade rose 9.24 percent to $12,696,397,540.
Exports fell -9.56 percent to $2,307,437,294. Imports rose 14.53 percent to $10,388,960,246. - No.2 Switzerland’s trade rose 67.93 percent to $6,875,241,428.
Exports rose 83.50 percent to $4,188,493,095. Imports rose 48.32 percent to $2,686,748,333. - No.3 United Kingdom’s trade rose 11.04 percent to $6,334,708,625.
Exports rose 15.14 percent to $3,997,094,304. Imports rose 4.68 percent to $2,337,614,321. - No.4 Germany’s trade rose 1.41 percent to $5,629,329,926.
Exports rose 7.80 percent to $2,543,398,410. Imports fell -3.32 percent to $3,085,931,516. - No.5 Japan’s trade rose 6.47 percent to $5,118,961,607.
Exports fell -7.32 percent to $1,430,745,017. Imports rose 13.00 percent to $3,688,216,590.
New York City’s top five trading partners through March accounted for 38.1 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.
New York City had trade surpluses with 126 countries and deficits with 99 through March. That compares with 121 surpluses and 97 deficits for the same period one year earlier. The top three surpluses through March of this year were with Hong Kong, $2,201,420,540; United Kingdom, $1,659,479,983; and Switzerland, $1,501,744,762. The top three deficits were with China ($8,081,522,952), Japan ($2,257,471,573) and Canada ($2,041,331,787).
Meanwhile, total U.S. trade increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700 as imports rose 5.09 percent to $43,800,507,934. The nation’s top five trade districts so far this year, by value, are New York City, Los Angeles, Houston, Detroit and Laredo. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
New York City’s top five exports by value through March were gold; diamonds, not mounted; aircraft; jewelry, parts; and oil, not crude, in that order. Those accounted for 32.25 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 and oilimports of returned exports and , accounted for 30.24 percent of all inbound shipments.
Looking more closely at New York City exports:
- Gold rose 34.48 percent compared to last year to $4,404,559,228.
- Diamonds, not mounted fell -3.96 percent compared to last year to $3,446,275,678.
- Aircraft rose 3.54 percent compared to last year to $2,505,617,488.
- Jewelry, parts rose 16.44 percent compared to last year to $1,476,193,325.
- Oil, not crude rose 67.70 percent compared to last year to $1,281,182,648.
On the import side:
- Oil, not crude rose 12.32 percent compared to last year to $5,327,661,391.
- Diamonds, not mounted fell -5.71 percent compared to last year to $4,211,329,620.
- Motor vehicles for transporting people rose 6.66 percent compared to last year to $2,686,117,879.
- Oil rose 18.89 percent compared to last year to $2,427,534,785.
- Imports of returned exports rose 94.03 percent compared to last year to $2,147,449,452.
Last year the New York City district posted total trade with the world of $388,204,660,229. The district’s deficit was $-65,932,145,117. At year end, the region’s top five partners were China, United Kingdom, Germany, Switzerland and Japan. Exports totaled $161,136,257,556 and imports came to $227,068,402,673.