New York merchandise exports totaled a “record” $45.7 billion during the first half of 2013, a seven percent increase compared to the nearly $43 billion exported during the same time period in 2012.
That’s according to data that the International Trade Administration (ITA) released on Thursday. The ITA is part of the U.S. Department of Commerce.
The new export data indicate states nationwide have more businesses marketing their products abroad and creating “thousands” of new jobs in their local communities, Francisco Sánchez, undersecretary of commerce for international trade, said in a news release.
“This data confirms that our efforts to help American businesses compete globally are having an impact right here in New York,” Sanchez said. “The U.S. is selling more goods and services to the rest of the world than ever before. The International Trade Administration will continue to do everything we can to assist New York businesses as they increase their exports and create jobs.”
New York’s merchandise export sales in the first half of 2013 outpaced the 2012 figures in many destinations, including a 774 percent rise in sales to South Africa; a 51 percent increase to the United Arab Emirates; a 45 percent increase to Switzerland; a 37 percent increase to China; and a 17 percent rise in exports to Hong Kong, the ITA said.
“Key” merchandise export categories, according to the ITA, include miscellaneous manufactures, primary-metal manufactures, used or second-hand merchandise, transportation equipment, and computer and electronic products.
“This latest export data shows that New York companies are thriving in the international market,” Rosanna Masucci, director of the U.S. Export Assistance Center in Buffalo. “Exports continue to support and strengthen our state’s economy and create new jobs for workers in our communities.”
The ITA’s U.S. Commercial Service, its trade-promotion arm, connects U.S. companies with international buyers. The U.S. Commercial Service has more than 100 offices in the U.S. and in American embassies and consulates in more than 70 counties, according to the ITA.
Contact Reinhardt at ereinhardt@cnybj.com