Port of Albany, N.Y.
Port of Albany, N.Y.’s trade totaled $33.67 million for the month of February, $43.89 million through February of 2019, and $508.97 million for all of 2018, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more
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Overall Rank
Top Exports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Electric motors, generators, not sets | $8.08 M |
| 2 | Scrap iron, steel | $7.44 M |
| 3 | Steam turbines, parts | $4.21 M |
| 4 | Centrifuges, filters, machines and parts | $200,835 |
| 5 | Vegetable waxes, beeswax, etc. | $183,219 |
| 6 | Medical instruments for surgeons, dentists, vets | $173,549 |
| 7 | Carpets, othert textile floor coverings, knotted | $166,000 |
| 8 | Motor vehicle parts | $106,912 |
| 9 | Medical equipment for physicals | $32,396 |
| 10 | Prepared foods, beverages | $28,166 |
Top Imports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Chemical wood pulp, not dissolving grade | $10.44 M |
| 2 | Various forms of salt | $7.17 M |
| 3 | Petroleum products | $2.87 M |
| 4 | Aluminum ores and concentrates | $1.48 M |
| 5 | Value added to a returned import | $204,314 |
| 6 | Miscellaneous machine parts | $140,154 |
| 7 | Wood pulp from mechanical, chemical processes | $119,387 |
| 8 | Electromagnets, permanent magnets and parts | $96,667 |
| 9 | Centrifuges, filters, machines and parts | $95,355 |
| 10 | Medical equipment for physicals | $61,529 |
Port of Albany, N.Y.’s trade increases 125.24 percent through February
Port of Albany, N.Y.’s trade with the world rose 125.24 percent, from $19.49 million to $43.89 million through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Albany, N.Y. ranked No. 182 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Albany, N.Y.’s top trade parters were No. 1 Sweden, No. 2 Italy, No. 3 Greece, No. 4 Malaysia and No. 5 Egypt . Through the same period of the previous year, the top trade partners were held by Italy, Turkey, Sweden, Canada and Russia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Sweden rose 362.51 percent to $10.59 million.
Exports totaled $26,837. Imports rose 361.34 percent to $10.56 million. - Trade with No. 2 Italy rose 54.03 percent to $9.71 million.
Exports totaled $8.08 million. Imports fell 74.09 percent to $1.63 million. - Trade with No. 3 Greece totaled $7.52 million.
Exports totaled $7.52 million. There were no imports. - Trade with No. 4 Malaysia rose 149900 percent to $4.3 million.
Exports rose 149900 percent to $4.3 million. There were no imports. - Trade with No. 5 Egypt totaled $4.15 million.
There were no exports. Imports totaled $4.15 million.
Port of Albany, N.Y.’s top five trading partners through February accounted for 82.64 percent of its trade with the world.
Port of Albany, N.Y. had trade surpluses with 12 countries and deficits with 11 through February. That compares with 10 surpluses and 11 deficits for the same period one year earlier. The top three surpluses through February of this year were with Greece, $7.52 million; Italy, $6.44 million; and Malaysia, $4.3 million. The top three deficits through February of this year were with Sweden, $10.54 million; Egypt, $4.15 million; and Canada, $2.13 million.
Through February it’s top exports were Electric motors, generators, not sets; Scrap iron, steel; Steam turbines, parts; Centrifuges, filters, machines and parts; and Vegetable waxes, beeswax, etc., in that order. Those accounted for 97.17 percent of its total outbound trade. The Port’s top imports were Chemical wood pulp, not dissolving grade; Various forms of salt; Petroleum products; Aluminum ores and concentrates; and Value added to a returned import, accounting for 95.51 percent of all inbound shipments.
Looking more closely at Port of Albany, N.Y.’s exports:
- Electric motors, generators, not sets totaled $8.08 million. The previous year, there were no exports in this category.
- Scrap iron, steel rose 146.2 percent compared to last year to $7.44 million.
- Steam turbines, parts totaled $4.21 million. The previous year, there were no exports in this category.
- Centrifuges, filters, machines and parts rose 765.11 percent compared to last year to $200,835.
- Vegetable waxes, beeswax, etc. totaled $183,219. The previous year, there were no exports in this category.
On the import side:
- Chemical wood pulp, not dissolving grade rose 355.84 percent compared to last year to $10.44 million.
- Various forms of salt rose 399.06 percent compared to last year to $7.17 million.
- Petroleum products totaled $2.87 million. The previous year, there were no imports in this category.
- Aluminum ores and concentrates totaled $1.48 million. The previous year, there were no imports in this category.
- Value added to a returned import rose 287.36 percent compared to last year to $204,314.
Last year Port of Albany, N.Y. posted total trade with the world of $474 million. The Port’s surplus was $144.5 million . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $309.25 million and imports came to $164.75 million.