Tuesday, May 11, 2010

New York: Exports, Jobs, and Foreign Investment

Report for March 2010.

*Export-supported jobs linked to manufacturing account for an estimated 3.1 percent of New York's total private-sector employment. More than one-fifth (20.9 percent) of all manufacturing workers in New York depend on exports for their jobs. (2008 data are the latest available.)

*A total of 27,329 companies exported goods from New York locations in 2007, the third highest number among the 50 states. Of those, 94 percent, or 25,657 firms, were small and medium-sized enterprises (SMEs), with fewer than 500 employees.

*SMEs generated more than half (55 percent) of New York's total exports of merchandise in 2007. That is the third highest percentage among the 50 states and well above the national average of 30 percent.

*In 2007, foreign-controlled companies employed 433,600 workers in New York. This was the second largest total among the 50 states (only California was greater). Major sources of New York's foreign investment in 2007 were the United Kingdom, Germany, France, Canada, and Switzerland.

*New York's export shipments of merchandise in 2009 totaled $57.3 billion. New York was the third largest exporter among the 50 states in 2009.

1 comment:

Reader Wil said...

Thanks for your visit. My daughter from Australia and her family is here now! So I am a bit busy at the moment but I like it.