The New York City metropolitan area imported goods worth over $103 billion in 2023, primarily from Europe, as per a report by State Comptroller Thomas P. DiNapoli. The metropolitan region's imports reflect significant trade flows, with Eastern Asia—including major contributors like China and Japan—accounting for 18% each, followed closely by Canada at 16%. Miscellaneous manufacturing products, particularly medical supplies, represented 38.4% of total imports. The report emphasizes potential adverse effects of federal trade policies on local businesses, notably restaurants, which could face rising costs due to new tariffs, while NYC remains a leading export hub with over $106 billion in exports mainly going to Canada and Switzerland.
The report highlights New York City's significant role in national trade, contributing 69% of goods imported to New York state, primarily from Europe.
Comptroller DiNapoli warns that new tariffs could severely impact businesses and consumers in New York City, especially restaurants operating on narrow margins.
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