The U.S. Department of Commerce’s International Trade Administration (ITA) announces new export data that shows merchandise exports from the New York-Newark-Jersey City metropolitan area totaled a record $106.9 billion, an increase of 5 percent or $4.6 billion from 2012 to 2013. This growth helped New York to remain a top metropolitan area for exports in 2013.
“The Department of Commerce is dedicated to assisting U.S. firms meet the needs of global consumers while strengthening our economy and supporting jobs throughout the New York metropolitan area and our nation,” said Under Secretary of Commerce for International Trade Stefan M. Selig. “U.S. companies of all sizes are exploring the possible benefits of exporting, and looking beyond our borders to expand their customer base. More than 95 percent of potential consumers live outside the United States and crave the world-class products offered by American businesses.”
According to international trade figures released by ITA, 156 U.S. metropolitan areas exported more than $1 billion in merchandise in 2013. New York-Newark-Jersey City is one of 33 metropolitan areas with merchandise exports worth more than $10 billion. Thirty-three of the top 50 metropolitan areas for exports registered positive growth between 2012 and 2013 – with 26 reaching record export levels.
Key merchandise export categories for the New York-Newark-Jersey City metropolitan area in 2013 included miscellaneous manufactures, chemicals, primary metal manufactures, computer and electronic products, and transportation equipment. Switzerland, Canada, Hong Kong, China, and Israel were the leading destinations for New York exports.
“New York companies continue to tailor their export strategies to meet growing international demand for high-value U.S. products and services,” said Carmela Mammas, Director of the U.S. Commercial Service in New York City. “Many smaller businesses have proven that exporting is viable and profitable. The Internet, improved logistics options, and available U.S. Government export assistance has made exporting for small businesses more attainable than ever.”
The Department of Commerce’s International Trade Administration works with American businesses of all sizes to identify export opportunities for their products and services to bolster President Obama’s National Export Initiative (NEI). A focus of the NEI is helping metropolitan areas identify regional strengths in order to increase their exports, boost the local economy, and create jobs for American workers.Related Articles: