Overview: In January 2021 Albany, NY exported $20.5M and imported $2.68M, resulting in a positive trade balance of $17.9M. Between January 2020 and January 2021 the exports of Albany, NY have decreased by $-6.74M (-24.7%) from $27.3M to $20.5M, while imports decreased by $-14.9M (-84.8%) from $17.6M to $2.68M.
Trade: In January 2021, the top exports of Albany, NY were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of Albany, NY were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Albany, NY exported mostly to Turkey ($20M), China ($282k), Poland ($82.6k), Malaysia ($43.4k), and Italy ($28.6k), and imported mostly from Egypt ($1.14M), Netherlands ($1.03M), Canada ($395k), Germany ($50.2k), and China ($40.2k).
Growth: In January 2021, the decrease in Albany, NY's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-882M or -53.2%), and Refined Petroleum ($-668M or -16.5%). In January 2021, the decrease in Albany, NY's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-641M or -63.5%), Ireland ($-631M or -76.8%), and Mexico ($-502M or -5.79%), and product imports decrease in Crude Petroleum ($-995M or -52.5%), Nucleic Acids ($-936M or -83.4%), and Crude Petroleum ($-748M or -34.7%).