New Jersey recorded goods exports totaling $19.7 billion in 1995, up 25 percent ($3.9 billion) from 1993. During 1995, New Jersey was the ninth largest state exporter of goods.
New Jersey’s jobs supported by goods exports grew an estimated 13 percent (29,244 jobs) since 1993. Export-related jobs pay 13 to 16 percent higher than the national average.
In 1991, the latest year available, New Jersey’s exports accounted for 15.2 percent of its manufacturing output and represented 17.3 percent of its total manufacturing employment.
New Jersey’s exports of manufactured products were up by 24 percent between 1993 and 1995 (from $14.8 billion in 1993 to $18.3 billion in 1995).
The five largest manufacturing sectors in terms of New Jersey’s exports were: Chemical Products ($4.9 billion of exports in 1995), Electronic and Electric Equipment ($2.8 billion), Industrial Machinery and Computers ($2.2 billion), Transportation Equipment ($1.4 billion), and Scientific and Measuring Instruments ($1.3 billion). These five sectors accounted for nearly 65 percent of the state’s total exports in 1995.
Among New Jersey’s fastest growing manufactured exports (in billions) were:
|Primary Metal Industries||$633.6||$851.7||34%|
New Jersey is the country’s 37th largest agricultural exporting state, shipping $123 million in agricultural exports abroad in 1994 (latest year available for Department of Agriculture state export data). New Jersey’s largest agriculture export category, miscellaneous products (mainly confectionery, nursery and greenhouse, essential oils, beverages, and other miscellaneous animal and vegetable products), accounted for nearly 65 percent of New Jersey’s agricultural exports in 1994. Given the 22 percent increase in total U.S. agriculture exports in 1995, agriculture exports from New Jersey in 1995 will likely range between $140 million and $160 million.
Total exports from New Jersey to NAFTA countries increased by 11 percent between 1993 (pre-NAFTA) and 1995 (from $3.6 billion in 1993 to $4.0 billion in 1995). During 1995, Canada was New Jersey’s largest export market, while Mexico was New Jersey’s eighth largest export market. Exports to Canada were up by 22 percent ($593 million), from $2.8 billion in 1993 to $3.4 billion in 1995. New Jersey’s exports to Mexico were down by 24 percent ($209 million), to $650 million in 1995.
During 1995, Japan was New Jersey’s second largest export market. Total exports from New Jersey to Japan were up 29 percent ($347 million), from $1.2 billion in 1993 to $1.5 billion in 1995.
Total exports from New Jersey to the European Union were up 21 percent ($866 million), from $4.2 billion in 1993 to $5.0 billion in 1995.