5. New York

While New York City dominates the economy of the state, the market is also known for exporting wide variety of goods like minerals, commodities, cut and uncut diamonds, and automobile parts. New York’s target markets are Canada, U.K., Japan, Israel and Switzerland. Among them, Canada has become as the major economic partner as 23 percent of the goods that are exported goes to Canada. In return New York largely imports goods like oil, gold, aluminum, natural gas and electricity.

Some part of New York’s economy is also constituted by tourism. In 2004, it was recorded that Canadian tourists spend up to $487 million in New York. This figure is shortly going to increase as the Canadian dollar rate is expected to increase.

Also Read:

What Albert Einstein Wants To Teach You About Investing?

5 Steps to Follow for a Successful Financial Year

5 Unusual Ways You Can Borrow Money for Your Business