New York - International Trade Administration

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New York Exports, Jobs, & Foreign Investment. Exports Support ... Jobs Supported by New York Goods. Exports. Up by 3
New York Exports, Jobs, & Foreign Investment New York Depends on World Markets •

Exports from New York helped contribute to the $2.21 trillion of U.S. goods and services exports in 2016.

$74.4 billion New York’s Top 5 Export Markets

New York’s Top 5 Export Categories

(Millions of U.S. Dollars)

(Millions of U.S. Dollars)

12,595 7,472

6,470

5,545

New York goods exports in 2016

Miscellaneous Manufactures Used Or Second-Hand Merchandise Primary Metal Manufactures Computer & Electronic Products

4,894

Chemicals

Exports Support Jobs •

Nationally, U.S. jobs supported by exports reached an estimated 11.5 million in 2015, up 1.9 million from 2009.

Jobs Supported by New York Goods Exports Up by 36 Thousand Jobs Since 2009

22,072 9,516 7,005 6,294 5,584

315,221

U.S. jobs supported by goods exports from New York in 2015

315,221 279,371

88% of these jobs 2009

Exports Sustain Thousands of New York Businesses •

A total of 39,941 companies exported from New York locations in 2014.

37,568

were supported by manufactured goods exports

2015

Number of small and medium-sized (SME) goods exporters in New York in 2014

SMEs account for 94% of New York goods exporters

...and 53% of known New York goods export value Exports from SMEs

SME Exporters

Updated February 2017

Department of Commerce

|

International Trade Administration

New York Exports, Jobs, & Foreign Investment Foreign Investment & Jobs in New York •

In 2014, foreign-owned companies employed 428,000 New York workers

New York Employment in Foreign-Owned Companies United Kingdom

103,700

France

51,000

Canada

39,200

Switzerland

38,600

Japan

36,700

Share of New York privateindustry employment at foreign-owned firms

Free Trade Agreements •

The U.S. currently has 14 free trade agreements in force with 20 countries.



New York’s exports to U.S. FTA partners totaled $25.0 billion in 2016.

5.6%

Number of Employees by Country of UBO

Since 2006, exports from New York have grown to several FTA markets

In 2016, exports to FTA markets accounted for 34% of New York exports

Top Dollar Growth, 2006-16 (Millions of U.S. Dollars)

Singapore

Current FTA Partners

Israel

Oman



New York-Newark-Jersey City is the 2nd largest metro area reporting exports nationwide.

334

Australia Jordan

New York’s Metropolitan Exports

483

Metro Area

2015 Goods Export Value

New York-Newark-Jersey City Rochester Buffalo-Cheektowaga-Niagara Falls Albany-Schenectady-Troy Syracuse Utica-Rome Binghamton Ithaca Glens Falls

$95.6 billion $5.0 billion $4.7 billion $4.5 billion $1.9 billion $713 million $431 million $292 million $247 million

182 100 75

Share of State Exports * 5.9% 5.4% 5.2% 2.2% 0.8% 0.5% 0.3% 0.3%

*Share of state exports unavailable for MSAs that cross state lines Prepared by the Office of Trade and Economic Analysis, International Trade Administration, U.S. Department of Commerce. For more resources please see www.trade.gov/mas/ian. Sources include resources from the U.S. Department of Commerce’s International Trade Administration, Bureau of the Census, and Bureau of Economic Analysis.

Updated February 2017

Department of Commerce

|

International Trade Administration