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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

July 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, decreased in June. Prices for chemical manufacturing and computer and electronic product manufacturing also declined in June, and primary metal manufacturing export prices advanced.

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 declined 1.0 percent in June.
  • A 2.9-percent decrease in prices for jewelry and silverware manufacturing led the 1-month drop in miscellaneous manufacturing export prices.
  • The price index for export miscellaneous manufacturing rose 1.8 percent over the past year.
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U.S. Export Price Indexes: Primary Metal Manufacturing

  • Prices for export primary metal manufacturing advanced 1.7 percent in June.
  • A 2.5-percent increase in prices for alumina and aluminum production and processing contributed to the monthly rise in primary metal manufacturing prices.
  • The export price index for primary metal manufacturing increased 5.9 percent from June 2023 to June 2024.
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U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices decreased 0.4 percent in June.
  • The price index for chemical manufacturing exports declined 2.7 percent over the past year.
  • A 7.5-percent decrease in prices for pharmaceutical preparation manufacturing led the 12-month decline in prices for chemical manufacturing.
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U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices fell 0.1 percent in June.
  • Despite the monthly decline, export computer and electronic product manufacturing prices increased 0.5 percent for the 12 months ended June 2024.
  • A 1.2-percent rise in prices for navigational, measuring, electromedical and control instruments drove the 12-month advance in the price index 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: July 19, 2024