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
