Port of Albany, N.Y.
Port of Albany, N.Y.’s trade totaled $12.82 million for the month of April, $109.35 million through April of 2020, and $334.51 million for all of 2019, 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 | Scrap iron, steel | $33.19 M |
| 2 | Electric motors, generators, not sets | $6.73 M |
| 3 | Electric motor, generator parts | $1.39 M |
| 4 | Medical instruments | $452,506 |
| 5 | Plasma, vaccines, blood | $204,000 |
| 6 | Vegetable waxes, beeswax, etc. | $116,400 |
| 7 | Transmission shafts, bearings, gears | $108,953 |
| 8 | Medical equipment for physicals | $99,628 |
| 9 | Misc. aircraft parts | $91,219 |
| 10 | Misc. textiles for specific technical uses | $85,234 |
Top Imports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Chemical wood pulp, not dissolving grade | $22.29 M |
| 2 | Regional aircraft, satellites, etc. | $13.2 M |
| 3 | Various forms of salt | $10.37 M |
| 4 | Petroleum products | $7.6 M |
| 5 | Power supplies, transformers | $2.5 M |
| 6 | Train and locomotive parts | $2.12 M |
| 7 | Aluminum ores and concentrates | $1.7 M |
| 8 | Chlorides | $1.46 M |
| 9 | Gypsum | $1.05 M |
| 10 | Padlocks, locks and keys, parts | $665,729 |
Port of Albany, N.Y.’s trade increases 30.75 percent through April
Port of Albany, N.Y.’s trade with the world rose 30.75 percent, from $83.64 million to $109.35 million through the first four months of 2020 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 $1.23 trillion, with exports at $491.46 billion and imports at $733.63 billion. The nation’s total trade decreased 9.31 percent compared to the same period last year. Exports fell 9.55 percent and imports fell 9.15 percent.
Port of Albany, N.Y. ranked No. 186 for total trade among the nation’s roughly 450 airports, seaports and border crossings through April of 2020.
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 April Port of Albany, N.Y.’s top trade partners were No. 1 Turkey, No. 2 Sweden, No. 3 France, No. 4 United Arab Emirates and No. 5 Canada. Through the same period of the previous year, the top trade partners were held by Sweden, South Korea, Italy, Greece and Qatar, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Turkey rose 2251.63 percent to $34.9 million.
Exports rose 2142.75 percent to $33.19 million. Imports rose 40618 percent to $1.71 million. - Trade with No. 2 Sweden rose 9.91 percent to $22.54 million.
There were no exports. Imports rose 83892 percent to $22.54 million. - Trade with No. 3 France rose 18739 percent to $9 million.
There were no exports. Imports rose 281342 percent to $9 million. - Trade with No. 4 United Arab Emirates totaled $8.75 million.
Exports totaled $8.75 million. There were no imports. - Trade with No. 5 Canada rose 55.45 percent to $8.46 million.
There were no exports. Imports rose 1720.19 percent to $8.46 million.
Port of Albany, N.Y.’s top five trading partners through April accounted for 76.5 percent of its trade with the world.
Port of Albany, N.Y. had trade surpluses with 15 countries and deficits with 19 through April. That compares with 14 surpluses and 19 deficits for the same period one year earlier. The top three surpluses through April of this year were with Turkey, $31.48 million; United Arab Emirates, $8.75 million; and Ireland, $204,000. The top three deficits through April of this year were with Sweden, $22.54 million; France, $9 million; and Canada, $8.46 million.
Through April its top exports were Scrap iron, steel; Electric motors, generators, not sets; Electric motor, generator parts; Medical instruments; and Plasma, vaccines, blood, in that order. Those accounted for 97.53 percent of its total outbound trade. The Port’s top imports were Chemical wood pulp, not dissolving grade; Regional aircraft, satellites, etc.; Various forms of salt; Petroleum products; and Power supplies, transformers, accounting for 84.38 percent of all inbound shipments.
Looking more closely at Port of Albany, N.Y.’s exports:
- Scrap iron, steel rose 345.94 percent compared to last year to $33.19 million.
- Electric motors, generators, not sets fell 27.99 percent compared to last year to $6.73 million.
- Electric motor, generator parts rose 5807.65 percent compared to last year to $1.39 million.
- Medical instruments rose 122.49 percent compared to last year to $452,506.
- Plasma, vaccines, blood totaled $204,000. The previous year, there were no exports in this category.
On the import side:
- Chemical wood pulp, not dissolving grade rose 10.77 percent compared to last year to $22.29 million.
- Regional aircraft, satellites, etc. rose 779.3 percent compared to last year to $13.2 million.
- Various forms of salt fell 2.74 percent compared to last year to $10.37 million.
- Petroleum products rose 165.16 percent compared to last year to $7.6 million.
- Power supplies, transformers rose 16875 percent compared to last year to $2.5 million.
Last year Port of Albany, N.Y. posted total trade with the world of $334.51 million. The Port’s surplus was $18.85 million. Exports totaled $176.68 million and imports came to $157.83 million.