Sunday, March 9, 2025

State Comptroller Thomas P. DiNapoli's Weekly News - NYC Is One of Nation’s Largest Importers

 


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DiNapoli Report Examines Imports and Exports in NYC Metro Area as Federal Government Considers Tariffs

aerial view of colorful shipping containers at the port of new york and new jersey with the new york city skyline in the background

The New York City Metropolitan Area accounted for more than $103 billion, (69%), of the value of goods imported to the state. In 2023, Europe provided the largest share of goods by value to the metropolitan area among all regions, according to a report released by Comptroller DiNapoli. The report, which examines imports into the New York part of the metro area, aims to help New Yorkers understand the potential effects of federal trade policy choices on their businesses and households.

“New York City is one of the country’s largest importers and exporters of goods, and its consumers and businesses could be negatively affected by new tariffs on goods traded with some of our biggest trading partners,” DiNapoli said. “Tariffs will likely raise costs for producers and consumers and may create higher operating costs for local businesses. The impact of these changes on the local and national economy are difficult to gauge and will take time to fully understand.”

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Comptroller DiNapoli Remembers
Dr. Hazel N. Dukes

Hazel Dukes with Comptroller DiNapoli play button video

"Dr. Hazel N. Dukes leaves an enduring legacy," DiNapoli said. "She was not only a civil rights activist and social justice icon, but she was also a mentor and dear friend to me. In 2021, we had a great conversation where she discussed the history she witnessed and helped create. Please watch to learn more about Hazel, a New Yorker who made a tremendous difference."

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