Statistics

NY's trade increases 10% this year
China, Israel, India are fastest-growing

January 1st, 2006

New York’s trade with the world is up just under 10 percent through the first nine months of the year, largely on the strength of increased trade with China, and to a lesser extent Israel and India.

New York remains the No. 2 ranked Customs district in the United States, behind Los Angeles as it has been since falling from the No. 1 perch in 2001.

Through nine months, New York’s trade with the world increased $16.3 billion to just under $197 billion. Like many Customs districts, the value of its imports is almost twice the value of its exports.

2005	2004	Total Trade	Jan.-Sept. 2005	Jan.-Sept. 2004	Dollar Change	Percent Change
		.World Total	$196,854,627,778	$180,516,349,365	$16,338,278,413	9.05%
1	1	China	$20,047,139,634	$15,959,166,447	$4,087,973,187	25.62%
2	2	Japan	$15,700,903,674	$15,009,494,667	$691,409,007	4.61%
3	3	Germany	$13,810,433,963	$13,969,602,489	($159,168,526)	-1.14%
4	5	Israel	$13,316,218,212	$11,527,719,822	$1,788,498,390	15.51%
5	4	United Kingdom	$12,969,373,221	$12,927,063,423	$42,309,798	0.33%
6	6	Italy	$9,854,394,298	$9,640,199,494	$214,194,804	2.22%
7	7	France	$9,402,105,701	$8,891,168,146	$510,937,555	5.75%
8	9	India	$7,442,040,728	$6,307,808,582	$1,134,232,146	17.98%
9	8	Switzerland	$7,439,157,500	$7,232,820,648	$206,336,852	2.85%
10	10	Belgium	$6,006,856,925	$6,217,888,836	($211,031,911)	-3.39%
11	11	South Korea	$5,926,159,279	$5,728,202,762	$197,956,517	3.46%
12	13	Netherlands	$5,087,135,166	$4,223,340,784	$863,794,382	20.45%
13	12	Ireland	$4,969,050,086	$4,754,256,902	$214,793,184	4.52%
14	14	Hong Kong	$4,467,552,824	$4,123,809,469	$343,743,355	8.34%
15	15	Taiwan	$3,550,818,968	$3,961,267,626	($410,448,658)	-10.36%
16	16	Singapore	$3,261,422,426	$3,009,549,047	$251,873,379	8.37%
17	18	Brazil	$2,856,555,870	$2,623,198,222	$233,357,648	8.90%
18	19	Spain	$2,722,551,173	$2,591,477,173	$131,074,000	5.06%
19	17	South Africa	$2,697,478,092	$2,706,605,824	($9,127,732)	-0.34%
20	23	Russia	$2,690,085,745	$2,005,080,069	$685,005,676	34.16%
21	20	Sweden	$2,605,365,013	$2,233,942,393	$371,422,620	16.63%
22	21	Thailand	$2,297,833,633	$2,086,487,462	$211,346,171	10.13%
23	22	Canada	$2,120,461,298	$2,005,125,252	$115,336,046	5.75%
24	24	Turkey	$1,930,336,468	$1,747,310,565	$183,025,903	10.47%
25	26	Denmark	$1,541,106,260	$1,191,555,785	$349,550,475	29.34%

Trade with China surpassed $20 billion through the first nine months of the year, increasing more than $4 billion. The nation that is reshaping the global economy greatly widened its stronghold on the No. 1 position over Japan. Japan’s trade was up $691 million.

Following the two Asian powerhouses are Germany, Israel, the United Kingdom, Italy, France, India, Switzerland, rounding out the Top 10, Belgium. By year’s end, 40 nations should have surpassed $1 billion in trade with New York. On the import side, unmounted diamonds slipped past cars to become the No. 1 import, with more than $10.7 billion through the first nine months of 2005, a 10 percent increase over the same period of 2004. Refined petroleum products and medicine remained in the No. 3 and No. 4 slots but crude oil jumped three slots to become the No. 5 import into New York’s harbors. That was on a $1.1 billion, 25 percent increase. Other leading imports were women’s or girls’ suits, jewelry parts, sweaters and unwrought platinum. New York had 19 import categories worth more than $1 billion through the first nine months, according to WorldCity analysis of U.S. Census data. Overall, imports increased less than overall trade, by just 6.9 percent. Exports, meanwhile, increased by more than 13.4 percent through the first nine months, led by strong growth in several leading categories. Unmounted diamonds were No.1 on the export side as well, up a solid 28.6 percent, followed by regional jet parts, up 18.4 percent. Other leading exports were paintings, gold, medical instruments, computers and cars.

Top Exports, 2005

	Jan-Sep 2005	Jan-Sep 2004	Dollar Change	Percent Change
Total, All Commodities	$66,970,880,197	$59,031,742,496	$7,939,137,701	13.45%
Diamonds, not mounted	$6,165,992,562	$4,795,752,465	$1,370,240,097	28.57%
Regional jet parts	$3,569,911,312	$3,015,951,928	$553,959,384	18.37%
Aircraft parts	$2,779,700,423	$2,488,817,664	$290,882,759	11.69%
Electronic integrated circuits	$2,218,805,600	$2,351,966,495	($133,160,895)	-5.66%
Paintings, drawings and other artwork	$2,014,642,044	$1,461,326,249	$553,315,795	37.86%
Gold	$1,916,014,368	$2,057,706,001	($141,691,633)	-6.89%
Medical instruments for surgeons, dentists, vets	$1,878,562,015	$1,654,946,894	$223,615,121	13.51%
Jewelry, parts	$1,688,277,836	$1,325,458,053	$362,819,783	27.37%
Computers	$1,338,702,759	$1,293,851,183	$44,851,576	3.47%
Motor vehicles for transporting people	$1,220,725,477	$712,262,354	$508,463,123	71.39%
Medicine	$1,214,613,397	$1,029,201,211	$185,412,186	18.02%
Computer parts	$1,110,205,041	$889,753,795	$220,451,246	24.78%
Unwrought platinum in various forms	$954,731,055	$733,805,480	$220,925,575	30.11%
Medical equipment for physicals, including anal exams	$914,157,562	$724,701,466	$189,456,096	26.14%
Medical technology	$906,556,616	$1,076,816,936	($170,260,320)	-15.81%

Top Imports, 2005

	Jan-Sep 2005	Jan-Sep 2004	Dollar Change	Percent Change
Total, All Commodities	$129,883,747,581	$121,484,606,869	$8,399,140,712	6.91%
Diamonds, not mounted	$10,750,985,366	$9,753,554,913	$997,430,453	10.23%
Motor vehicles for transporting people	$9,369,028,620	$10,349,138,881	($980,110,261)	-9.47%
Oil, not crude	$8,675,565,159	$6,764,378,374	$1,911,186,785	28.25%
Medicine	$6,420,351,558	$5,638,693,335	$781,658,223	13.86%
Crude oil from Petroleum, bituminous minerals	$3,494,032,526	$2,536,513,813	$957,518,713	37.75%
Women's or girls' suits, not knit	$3,416,990,847	$3,298,166,442	$118,824,405	3.60%
Jewelry, parts	$3,064,950,917	$2,794,652,407	$270,298,510	9.67%
Exports of repaired imports Imports of returned exports	$3,005,062,331	$2,561,232,951	$443,829,380	17.33%
Sweaters, pullovers, vest, knit or crocheted	$2,467,018,866	$2,506,101,368	($39,082,502)	-1.56%
Unwrought platinum in various forms	$2,357,341,666	$2,374,403,319	($17,061,653)	-0.72%
Transmission apparatus for cellular phones	$1,990,831,107	$1,727,896,969	$262,934,138	15.22%
Computers	$1,684,476,813	$1,769,494,440	($85,017,627)	-4.80%
Paintings, drawings and other artwork	$1,665,319,250	$1,895,447,969	($230,128,719)	-12.14%
Computer parts	$1,424,370,222	$1,609,338,072	($184,967,850)	-11.49%
Footware, sole of rubber, plastic or leather; upper leather	$1,419,083,441	$1,369,139,452	$49,943,989	3.65%