New York Trade Facts
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In 2018, New York exported $84.7 billion of Made-in-America goods to the world. In 2016, exports from New York supported an estimated 295 thousand jobs.
Exports from New York and Jobs
- New York was the 3rd largest state exporter of goods in 2018.
- In 2018, New York goods exports were $84.7 billion, an increase of 4 percent ($3.3 billion) from its export level in 2008.
- Goods exports accounted for 5.1 percent of New York GDP in 2018.
- New York goods exports in 2016 (latest year available) supported an estimated 295 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.
Made-in-America Manufacturing Exports from New York and Jobs
- In 2018, New York exported $63.4 billion of manufactured products.
- New York exports of manufactured products supported an estimated 260 thousand jobs in 2016.
- The state's largest manufacturing export category is miscellaneous manufactured commodities, which accounted for $23.1 billion of New York's total goods exports in 2018.
- Other top manufacturing exports are primary metal manufacturing ($8.2 billion), computer & electronic products ($7.4 billion), machinery, except electrical ($5.3 billion), and chemicals ($5.3 billion).
Exports Sustain Thousands of New York Businesses many of which are SMEs
- A total of 36,739 companies exported from New York locations in 2016 (latest year available). Of those, 34,413 (94 percent) were small and medium sized enterprises with fewer than 500 employees.
- Small and medium-sized firms generated 55.1 percent of New York's total exports of goods in 2016.
New York Depends on World Markets
- The state’s largest market was Canada. New York exported $16.8 billion in goods to Canada in 2018, representing 20 percent of the state’s total goods exports.
- Canada was followed by Hong Kong ($9.2 billion), Switzerland ($7.7 billion), United Kingdom ($6.4 billion), and Israel ($4.9 billion).
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New York’s exports (2018 value) to major world areas included:
|
|
2018 Value |
|
APEC |
$40.8 billion |
|
Asia |
$30.3 billion |
|
European Union |
$20.1 billion |
|
South/Central America and Caribbean |
$2.9 billion |
|
Sub-Saharan Africa |
$599 million |
- 35 percent of New York’s exports ($29.7 billion) go to current FTA partners.
Agriculture in New York depends on Exports
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New York is the country’s 30th largest agricultural exporting state, shipping $1.4 billion in domestic agricultural exports abroad in 2017 (latest data available according to the U.S. Dept. of Agriculture).1
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Top Agricultural exports (2017 value) were:
|
|
2017 Value |
2017 State Rank |
|
other plant products |
$414 million |
10 |
|
dairy products |
$384 million |
3 |
|
fruits, fresh |
$90 million |
6 |
|
fruits, processed |
$78 million |
6 |
|
vegetables, processed |
$65 million |
15 |
International Investment Creates Jobs in New York
- In 2015 (latest data available), foreign-controlled companies employed 499,100 New York workers. Major sources of foreign investment in New York included the United Kingdom, France and Canada.
- Foreign investment in New York was responsible for 6.1 percent of the state's total private-industry employment in 2015.
New York’s Major Metropolitan Areas Benefit from Exporting
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In 2017 (latest data available), the following metropolitan areas in New York recorded goods exports: New York ($93.7 billion), Buffalo ($5 billion), Rochester ($4.7 billion), Albany ($3.9 billion), Syracuse ($2.1 billion), Utica ($558.9 million), Binghamton ($394.6 million), Ithaca ($312.3 million), Glens Falls ($246.5 million), Kingston ($196.9 million), Watertown-Fort Drum ($164.5 million), Elmira ($150.8 million).
1Estimates of state exports of agricultural products by the U.S. Dept. of Agriculture and goods exports by the U.S. Dept. of Commerce are based on different methodologies and are not directly comparable.
