|1||Scrap iron, steel||$46.01 M|
|2||Steam turbines, parts||$45.38 M|
|3||Electric motors, generators, not sets||$32.44 M|
|4||Centrifuges, filters, machines and parts||$11.08 M|
|5||Isotope-separating machinery, nuclear equipment||$740,088|
|6||Medical instruments for surgeons, dentists, vets||$247,663|
|7||Civilian aircraft, parts||$239,672|
|8||Motor vehicle parts||$216,069|
|9||Vegetable waxes, beeswax, etc.||$183,219|
|10||Automatic regulating instruments, parts||$166,902|
|1||Chemical wood pulp, not dissolving grade||$38.3 M|
|2||Various forms of salt||$19.19 M|
|3||Petroleum products||$11.99 M|
|4||Portland, aluminous and slag cement||$4.12 M|
|5||Bit Mix Fr Nat Asph, Nat Bit,Pet Bit,Min Tar 2715||$3.87 M|
|6||Gasoline, other fuels||$2.97 M|
|7||Aircraft, Spacecraft, Satellites||$1.5 M|
|8||Aluminum ores and concentrates||$1.48 M|
Port of Albany, N.Y.’s trade decreases 28.95 percent through August
Port of Albany, N.Y.’s trade with the world fell 28.95 percent, from $324.69 million to $230.69 million through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Albany, N.Y. ranked No. 182 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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 August Port of Albany, N.Y.’s top trade partners were No. 1 Thailand, No. 2 Sweden, No. 3 Egypt, No. 4 Turkey 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 176.54 percent to $38.68 million.
Exports rose 756.04 percent to $26,837. Imports rose 176.41 percent to $38.66 million.
- Trade with No. 3 Egypt rose 183.3 percent to $24.63 million.
Exports rose 108.19 percent to $15.9 million. Imports rose 725.4 percent to $8.73 million.
- Trade with No. 4 Turkey fell 63.23 percent to $24.18 million.
Exports fell 61.94 percent to $22.7 million. Imports fell 75.82 percent to $1.48 million.
- Trade with No. 5 Canada rose 11.12 percent to $13.22 million.
Exports fell 55.11 percent to $482,554. Imports rose 17.7 percent to $12.74 million.
Port of Albany, N.Y.’s top five trading partners through August accounted for 64.14 percent of its trade with the world.
Port of Albany, N.Y. had trade surpluses with 29 countries and deficits with 21 through August. That compares with 22 surpluses and 27 deficits for the same period one year earlier. The top three surpluses through August of this year were with Thailand, $47.23 million; Turkey, $21.22 million; and South Korea, $12.93 million. The top three deficits through August of this year were with Sweden, $38.63 million; Canada, $12.25 million; and Chile, $8.2 million.
Through August 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 97.97 percent of its total outbound trade. The Port’s top imports were Chemical wood pulp, not dissolving grade; Various forms of salt; Petroleum products; Portland, aluminous and slag cement; and Bit Mix Fr Nat Asph, Nat Bit,Pet Bit,Min Tar 2715, accounting for 84 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 209.35 percent compared to last year to $45.38 million.
- Electric motors, generators, not sets rose 63.72 percent compared to last year to $32.44 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 181.3 percent compared to last year to $38.3 million.
- Various forms of salt rose 125.76 percent compared to last year to $19.19 million.
- Petroleum products fell 31.07 percent compared to last year to $11.99 million.
- Portland, aluminous and slag cement rose 3.24 percent compared to last year to $4.12 million.
- Bit Mix Fr Nat Asph, Nat Bit,Pet Bit,Min Tar 2715 totaled $3.87 million. The previous year, there were no imports in this category.
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.