|1||Scrap iron, steel||$46.01 M|
|2||Steam turbines, parts||$45.38 M|
|3||Electric motors, generators, not sets||$39.17 M|
|4||Centrifuges, filters, machines and parts||$11.08 M|
|5||Isotope-separating machinery, nuclear equipment||$740,088|
|6||Civilian aircraft, parts||$491,297|
|7||Motor vehicle parts||$340,689|
|8||Medical instruments for surgeons, dentists, vets||$247,663|
|9||Vegetable waxes, beeswax, etc.||$183,219|
|10||Automatic regulating instruments, parts||$166,902|
|1||Chemical wood pulp, not dissolving grade||$43.83 M|
|2||Petroleum products||$25.07 M|
|3||Various forms of salt||$20.67 M|
|4||Gasoline, other fuels||$17.82 M|
|5||Portland, aluminous and slag cement||$4.12 M|
|6||Bit Mix Fr Nat Asph, Nat Bit,Pet Bit,Min Tar 2715||$3.87 M|
|7||Aircraft, Spacecraft, Satellites||$1.5 M|
|8||Aluminum ores and concentrates||$1.48 M|
Port of Albany, N.Y.’s trade decreases 28.59 percent through September
Port of Albany, N.Y.’s trade with the world fell 28.59 percent, from $383.41 million to $273.8 million through the first nine months of 2019 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $3.11 trillion, with exports at $1.23 trillion and imports at $1.88 trillion. The nation’s total trade decreased 0.61 percent compared to the same period last year. Exports fell 1.01 percent and imports fell 0.35 percent.
Port of Albany, N.Y. ranked No. 181 for total trade among the nation’s roughly 450 airports, seaports and border crossings through September of 2019.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through September Port of Albany, N.Y.’s top trade partners were No. 1 Thailand, No. 2 Sweden, No. 3 Turkey, No. 4 Egypt and No. 5 Canada. Through the same period of the previous year, the top trade partners were held by Turkey, Mexico, Iraq, China and Portugal, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Thailand rose 47927 percent to $47.24 million.
Exports totaled $47.24 million. Imports fell 97.38 percent to $2,580.
- Trade with No. 2 Sweden rose 216.04 percent to $44.21 million.
Exports rose 756.04 percent to $26,837. Imports rose 215.92 percent to $44.18 million.
- Trade with No. 3 Turkey fell 55.3 percent to $31.06 million.
Exports fell 61.94 percent to $22.7 million. Imports fell 15.05 percent to $8.36 million.
- Trade with No. 4 Egypt rose 183.03 percent to $24.63 million.
Exports rose 107.96 percent to $15.9 million. Imports rose 725.4 percent to $8.73 million.
- Trade with No. 5 Canada rose 46.29 percent to $18.04 million.
Exports fell 35.13 percent to $765,526. Imports rose 54.91 percent to $17.28 million.
Port of Albany, N.Y.’s top five trading partners through September accounted for 60.33 percent of its trade with the world.
Port of Albany, N.Y. had trade surpluses with 30 countries and deficits with 21 through September. That compares with 23 surpluses and 27 deficits for the same period one year earlier. The top three surpluses through September of this year were with Thailand, $47.23 million; Turkey, $14.34 million; and South Korea, $12.93 million. The top three deficits through September of this year were with Sweden, $44.16 million; Canada, $16.51 million; and The Netherlands, $12.89 million.
Through September its top exports were Scrap iron, steel; Steam turbines, parts; Electric motors, generators, not sets; Catalytic converters, air filters, oil filers, etc.; and Isotope-separating machinery, nuclear equipment, in that order. Those accounted for 97.78 percent of its total outbound trade. The Port’s top imports were Chemical wood pulp, not dissolving grade; Petroleum products; Various forms of salt; Gasoline, other fuels; and Portland, aluminous and slag cement, accounting for 86.99 percent of all inbound shipments.
Looking more closely at Port of Albany, N.Y.’s exports:
- Scrap iron, steel fell 39.07 percent compared to last year to $46.01 million.
- Steam turbines, parts rose 155.74 percent compared to last year to $45.38 million.
- Electric motors, generators, not sets rose 58.56 percent compared to last year to $39.17 million.
- Catalytic converters, air filters, oil filers, etc. rose 28489 percent compared to last year to $11.08 million.
- Isotope-separating machinery, nuclear equipment totaled $740,088. The previous year, there were no exports in this category.
On the import side:
- Chemical wood pulp, not dissolving grade rose 221.87 percent compared to last year to $43.83 million.
- Petroleum products fell 6.58 percent compared to last year to $25.07 million.
- Various forms of salt rose 143.13 percent compared to last year to $20.67 million.
- Gasoline, other fuels rose 17.23 percent compared to last year to $17.82 million.
- Portland, aluminous and slag cement fell 33.34 percent compared to last year to $4.12 million.
Last year Port of Albany, N.Y. posted total trade with the world of $508.97 million. The Port’s surplus was $17.34 million. At the end of the year, the port’s top five trade partners were Turkey, Mexico, China, Iraq and Sweden. Exports totaled $263.15 million and imports came to $245.81 million.