New York exports increased 19 percent in 2011 to nearly $83 billion. That growth rate topped the national average for export growth of 16 percent.
Exports from New York to Hong Kong, the United Kingdom, India, China, and Israel all rose last year, according to new data from the federal International Trade Administration. Some key categories included chemicals, computer and electronic products, and various manufactured goods.
“These export numbers show that businesses across New York continue to sell to destinations around the world,” John Tracy, international trade specialist for the U.S. Commercial Service in Syracuse, said in a news release. “Ninety-five percent of the world’s potential consumers are outside of the United States.”
(Sponsored)
Navigating Cyber Threats to the Manufacturing Industry
Every business needs a solid IT strategy to keep up with the rise in cybercrime and the swift pace of technological innovation. Manufacturing companies face unique risks to their productivity
10 Reasons Your Business Needs Cyber Insurance
1. Cyber crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies. New crimes are emerging every day.
In addition, 85 percent of world economic growth in the next five years will take place outside the U.S., according to the administration.
“As the U.S. economy builds momentum, we must continue to equip U.S. businesses with all the necessary tools to increase exports that support millions of high-paying jobs across the country,” Undersecretary for International Trade Francisco Sánchez said in the release.
Contact Tampone at ktampone@cnybj.com
