|1||Scrap iron, steel||$83.27 M|
|2||Electric motor, generator parts||$40.99 M|
|3||Electric motors, generators, not sets||$30.52 M|
|4||Aircraft engines, engine parts||$27.54 M|
|5||Steam turbines, parts||$17.74 M|
|6||Compressors and pumps||$5.44 M|
|7||Civilian aircraft, parts||$2.73 M|
|8||Miscellaneous machines, parts||$754,636|
|9||Medical equipment for physicals||$429,861|
|1||Misc. steam-generating boilers||$44.31 M|
|2||Petroleum products||$28.19 M|
|3||Chemical wood pulp, not dissolving grade||$20.04 M|
|4||Electric motors, generators, not sets||$16.71 M|
|5||Gasoline, other fuels||$15.2 M|
|6||Various forms of salt||$13.89 M|
|7||Machinery for heating and sterilizing||$10.98 M|
|8||Misc. iron or steel structures and parts||$9.21 M|
|9||Centrifuges, filters, machines and parts||$8.23 M|
|10||Portland, aluminous and slag cement||$6.18 M|
Port of Albany, N.Y.’s trade increases 4.2 percent through October
Port of Albany, N.Y.’s trade with the world rose 4.2 percent, from $412.17 million to $429.46 million through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Albany, N.Y. ranked No. 168 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 169. It finished No. 170 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through October Port of Albany, N.Y.’s top trade parters were No. 1 Turkey, No. 2 Mexico, No. 3 Iraq, No. 4 China and No. 5 Sweden . Through the same period of the previous year, the top trade partners were held by China, Turkey, Egypt, Turkmenistan and Taiwan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Turkey rose 23.27 percent to $77.24 million.
Exports rose 37.06 percent to $67.4 million. Imports fell 27.02 percent to $9.84 million.
- Trade with No. 2 Mexico rose 69889 percent to $69.79 million.
Exports rose 1013582 percent to $69.78 million. Imports fell 91.38 percent to $8,000.
- Trade with No. 3 Iraq totaled $38.92 million.
Exports totaled $38.92 million. There were no imports.
- Trade with No. 4 China fell 54.28 percent to $38.54 million.
Exports fell 32.37 percent to $253,101. Imports fell 54.38 percent to $38.29 million.
- Trade with No. 5 Sweden rose 17.07 percent to $20.41 million.
Exports fell 80.41 percent to $3,135. Imports rose 17.16 percent to $20.41 million.
Port of Albany, N.Y.’s top five trading partners through October accounted for 57.03 percent of its trade with the world.
Port of Albany, N.Y. had trade surpluses with 23 countries and deficits with 28 through October. That compares with 24 surpluses and 32 deficits for the same period one year earlier. The top three surpluses through October of this year were with Mexico, $69.77 million; Turkey, $57.55 million; and Iraq, $38.92 million. The top three deficits through October of this year were with China, $38.04 million; Sweden, $20.41 million; and Portugal, $19.1 million.
Through October it’s top exports were Scrap iron, steel; Electric motor, generator parts; Electric motors, generators, not sets; Aircraft engines, engine parts; and Steam turbines, parts, in that order. Those accounted for 94.62 percent of its total outbound trade. The Port’s top imports were Misc. steam-generating boilers; Petroleum products; Chemical wood pulp, not dissolving grade; Electric motors, generators, not sets; and Gasoline, other fuels, accounting for 57.08 percent of all inbound shipments.
Looking more closely at Port of Albany, N.Y.’s exports:
- Scrap iron, steel rose 69.35 percent compared to last year to $83.27 million.
- Electric motor, generator parts fell 8.08 percent compared to last year to $40.99 million.
- Electric motors, generators, not sets fell 18.54 percent compared to last year to $30.52 million.
- Aircraft engines, engine parts rose 54.84 percent compared to last year to $27.54 million.
- Steam turbines, parts fell 61.48 percent compared to last year to $17.74 million.
On the import side:
- Misc. steam-generating boilers fell 27.2 percent compared to last year to $44.31 million.
- Petroleum products rose 221.54 percent compared to last year to $28.19 million.
- Chemical wood pulp, not dissolving grade rose 7.26 percent compared to last year to $20.04 million.
- Electric motors, generators, not sets rose 49544 percent compared to last year to $16.71 million.
- Gasoline, other fuels totaled $15.2 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 $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, Germany, Iceland, Norway and The Netherlands. Exports totaled $309.25 million and imports came to $164.75 million.