Merchandise exports from New Jersey hit $36.8 billion in 2014, an increase of $110 million over 2013. New Jersey’s exports in 2014 helped the U.S. achieve a record high for goods and services exports: $2.35 trillion.
Goods exports from New Jersey supported an estimated 160,000 U.S. jobs in 2013, contributing to the 11.3 million jobs nationwide that were supported by both goods and services exports that year. On average, jobs in these export-related industries pay up to 18 percent more than non-export related industries.
According to data released by the Department of Commerce’s International Trade Administration, New Jersey’s goods exports in 2014 were led by a number of sectors, including: chemicals ($8.6 billion); computer and electronic products ($4.6 billion); and petroleum and coal products ($3.4 billion).
“Exports are critical to economic growth and job creation in communities across the country,” said Secretary Pritzker. “With 95 percent of the world’s consumers living outside the United States, opening more markets to ‘Made in America’ goods and services is fundamental to our nation’s competitiveness, job creation, and the economic security of our families.”Related Articles: