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)
Avoid the Employment Law Mistakes that Threaten Your New Business
Amid the excitement and uncertainty that accompany the opening of a new business, entrepreneurs often overlook basic employment law requirements that can cost them dearly. These include how they classify
Avoiding the Most Common Overtime Classification Mistakes
Are you sure your organization is prepared for an audit of your payroll practices? In this FREE one hour webinar to be held at noon on November 14, 2023, you
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
