New York

New York Exports and Foreign Investment

In 2024, New York exported $91.2 billion of goods to the world. In 2022, exports from New York supported an estimated 263 thousand jobs (latest data available).

Exports from New York and Jobs

• New York was the 3rd largest state exporter of goods in 2024.
• In 2024, New York goods exports were $91.2 billion, an increase of 3 percent ($2.4 billion) from its export level in 2014.
• Goods exports accounted for 4.5 percent of New York GDP in 2023 (latest data available).
• New York goods exports in 2022 supported an estimated 263 thousand jobs (latest data available). Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from New York and Jobs

• In 2024, New York exported $72.7 billion of manufactured products.
• New York exports of manufactured products supported an estimated 232 thousand jobs in 2022 (latest data available).
• The state's largest manufacturing export category is miscellaneous manufactured commodities, which accounted for $22.1 billion of New York's total goods exports in 2024.
• Other top manufacturing exports are primary metal manufacturing ($15.0 billion), computer & electronic products ($8.9 billion), chemicals ($5.8 billion), and machinery, except electrical ($5.0 billion).

Exports Sustain Thousands of New York Businesses many of which are SMEs

• A total of 33,826 companies exported from New York locations in 2022 (latest data available). Of those, 31,418 (93 percent) were small and medium sized enterprises with fewer than 500 employees.
• Small and medium-sized firms generated 60.7 percent of New York's total exports of goods in 2022.

New York Depends on World Markets

• The state’s largest market was Canada. New York exported $17.4 billion in goods to Canada in 2024, representing 19 percent of the state’s total goods exports.
• Canada was followed by Switzerland ($10.1 billion), Hong Kong ($8.1 billion), the United Kingdom ($5.4 billion), and Israel ($5.2 billion).
• New York’s exports to major world areas included:

 

• 37 percent of New York’s goods exports ($34.1 billion) in 2024 went to current FTA partners.  

Agriculture in New York depends on Exports

New York is the country’s 28th largest agricultural exporting state, shipping $2.0 billion in domestic agricultural exports abroad in 2022 (latest data available according to the U.S. Dept. of Agriculture). 

Top Agricultural exports were:

	2022 Value	2022 State Rank
dairy products	$681 million	5
other plant products	$547 million	10
corn	$117 million	21
soybeans	$115 million	23
feeds and other feed grains	$95 million	23

International Investment Creates Jobs in New York

• In 2022 (latest data available), foreign-controlled companies employed 546,500 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 6.8 percent of the state's total private-industry employment in 2022.

New York’s Major Metropolitan Areas Benefit from Exporting
In 2023 (latest data available), the following metropolitan areas in New York recorded goods exports: Albany-Schenectady-Troy ($3.3 billion), Binghamton ($319.3 million), Buffalo-Cheektowaga ($5.6 billion), Elmira ($216.2 million), Glens Falls ($252 million), Ithaca ($167.8 million), Kingston ($203.9 million), Kiryas Joel-Poughkeepsie-Newburgh ($2.6 billion), New York-Newark-Jersey City ($106.2 billion), Rochester ($4.4 billion), Syracuse ($2.4 billion), Utica-Rome ($744.9 million), and Watertown-Fort Drum ($215.4 million).