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Import/Export Price Indexes
Bureau of Labor Statistics > Import/Export Price Indexes > Home

New Jersey and New York: Price Movements of Top Exports and Other Highlights

November 2024

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Combined exports from New Jersey and New York totaled $141.2 billion in 2023, down 9.4 percent from 2022. New Jersey exports totaled $43.3 billion in 2023 and the export value from New York was $97.8 billion. Prices for miscellaneous manufacturing, the largest export industry for the two states, increased in October. Export prices for primary metal manufacturing and computer and electronic product manufacturing also advanced in October. Chemical manufacturing prices declined over the same period.

Top Six New Jersey and New York Exports by Trade Dollar Value, 2023

  • New Jersey and New York exports represented 7.0 percent of the total trade dollar value of U.S. exports in 2023.
  • New Jersey and New York exported 28.1 percent of the 2023 U.S. total trade dollar value of $74.1 billion for primary metal manufacturing.
  • The top 6 exports from New Jersey and New York accounted for 72.4 percent of the region's total export trade dollar value in 2023.
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U.S. Export Price Indexes: Miscellaneous Manufacturing

  • Export miscellaneous manufacturing prices rose 0.2 percent in October.
  • The price index for export miscellaneous manufacturing increased 3.0 percent over the past year.
  • A 4.5-percent advance in prices for medical equipment and supplies manufacturing led the 12-month rise in miscellaneous manufacturing export prices.
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U.S. Export Price Indexes: Primary Metal Manufacturing

  • Prices for export primary metal manufacturing increased 4.8 percent in October.
  • The export price index for primary metal manufacturing advanced 22.2 percent from October 2023 to October 2024.
  • The over-the-year increase in primary metal manufacturing prices was driven by a 30.9-percent rise in prices for nonferrous metal (except aluminum) production and processing exports.
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U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices declined 0.2 percent in October.
  • A 1.3-percent decrease in prices for other basic inorganic chemical manufacturing led the drop in prices for chemical manufacturing in October.
  • The price index for chemical manufacturing exports advanced 0.8 percent over the past year.
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U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices ticked up 0.1 percent in October.
  • Export computer and electronic product manufacturing prices decreased 0.4 percent for the 12 months ended October 2024.
  • A 1.6-percent decline in computer and peripheral equipment manufacturing prices drove the 12-month drop in prices for computer and electronic product manufacturing.
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New York-New Jersey Information Office • BLSInfoNY@bls.gov • https://www.bls.gov/regions/new-york-new-jersey/ • 646-264-3600 

 

Last Modified Date: November 25, 2024