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Import/Export Price Indexes

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

January 2025

Photo of the Statue of Liberty in New York

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, decreased in December. Export prices for primary metal manufacturing and chemical manufacturing also declined over the same period. Prices for export computer and electronic product manufacturing were unchanged in December.

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.

U.S. Export Price Indexes: Miscellaneous Manufacturing

  • Export miscellaneous manufacturing prices declined 0.1 percent in December.
  • The price index for export miscellaneous manufacturing increased 1.9 percent over the past year.
  • A 5.6-percent advance in prices for surgical and medical instrument manufacturing led the 12-month rise in miscellaneous manufacturing export prices.

U.S. Export Price Indexes: Primary Metal Manufacturing

  • Prices for export primary metal manufacturing decreased 2.1 percent in December.
  • The export price index for primary metal manufacturing advanced 16.2 percent from December 2023 to December 2024.
  • The over-the-year increase in primary metal manufacturing prices was driven by a 22.2-percent rise in prices for nonferrous metal (except aluminum) production and processing exports.

U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices declined 0.2 percent in December.
  • The price index for chemical manufacturing exports advanced 0.8 percent over the past year.
  • A 3.6-percent increase in prices for other basic inorganic chemical manufacturing led the rise in prices for chemical manufacturing from December 2023 to December 2024.

U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices were unchanged in December.
  • The export price index for computer and electronic product manufacturing has not decreased on a monthly basis since a 0.6-percent drop in August 2024.
  • Export computer and electronic product manufacturing prices were unchanged for the 12 months ended December 2024.

 

New York-New Jersey Information Office • BLSInfoNY@bls.gov • https://www.bls.gov/regions/new-york-new-jersey/ • 646-264-3600 

 

Last Modified Date: January 27, 2025