EXPORT SCAN

Albany, NY
REAL EXPORTS
(BN)

2017

2003

EXPORT SHARE OF
GDP (PCT)

DIRECT EXPORTSUPPORTED JOBS

TOTAL EXPORTSUPPORTED JOBS

5.3

7.9%

16,500

34,550

RANK: 56

RANK: 67

RANK: 56

RANK: 54

2.9

5.3%

9,240

20,450

RANK: 66

RANK: 81

RANK: 71

RANK: 68

220

ANNUALIZED
GROWTH RATES
2014-2017

200

180

REAL EXPORTS

-0.4%

160

140

RANK: 54

120

REAL GDP

3.0%

100

RANK: 46

80

RECESSION
60

2003

2008

2017

ALBANY REAL EXPORTS

ALBANY REAL GDP

US REAL EXPORTS

US REAL GDP

A JOINT PROJECT OF BROOKINGS AND
JPMORGAN CHASE

 TOP INDUSTRY SECTORS BY REAL
EXPORTS (BN) 2017

TOP FIVE INDUSTRIES BY REAL
EXPORTS (MIL) 2017

TOP FIVE SPECIALIZED INDUSTRIES BY REAL
EXPORTS (MIL) 2017

ENGINE & POWER EQUIPMENT: 640 (11.9%)

ENGINE & POWER EQUIPMENT: 640 (11.1 LQ)

R & D SERVICES: 630 (11.8%)

R & D SERVICES: 630 (5.5 LQ)

0.4

0.7

3.5

1.2

1.7

4.8

2.5

4.4
REAL EXPORTS (BN)

DIRECT EXPORT-SUPPORTED
JOBS (THS)

MANUFACTURING

INFO+TECH

FINANCE+INSURANCE

TRAVEL+TOURISM

TOP FIVE INDUSTRIES BY DIRECT EXPORTSUPPORTED JOBS 2017

RESINS & SYNTHETIC RUBBERS: 420 (7.9%)

RESINS & SYNTHETIC RUBBERS: 420 (4.4 LQ)

FINANCIAL MANAGEMENT: 310 (5.8%)

INSURANCE CARRIERS: 220 (4.9 LQ)

PHARMACEUTICALS: 280 (5.2%)

CLEANING PRODUCTS: 100 (2.3 LQ)

TOP FIVE INDUSTRIES BY TOTAL EXPORTSUPPORTED JOBS 2017

TOP FIVE INDUSTRIES BY SHARE OF 20032017 EXPORT GROWTH

EDUCATIONAL SERVICES: 2,230

R & D SERVICES: 4,140

R & D SERVICES: 11.9%

INFORMATION TECHNOLOGY ROYALTIES: 1,520

ENGINE & POWER EQUIPMENT: 3,440

ENGINE & POWER EQUIPMENT: 11.8%

ENGINE & POWER EQUIPMENT: 1,090

EDUCATIONAL SERVICES: 3,210

PHARMACEUTICALS: 7.9%

R & D SERVICES: 880

INFORMATION TECHNOLOGY ROYALTIES: 1,890

FINANCIAL MANAGEMENT: 5.8%

CHEMICAL MANUFACTURING ROYALTIES: 550

FINANCIAL MANAGEMENT: 1,800

SEMICONDUCTORS: 5.2%

● Exports in this database are domestic U.S. exports without waste, scrap, re-exports, used merchandise, goods returned to Canada, military transfers, government services, and expenditures of foreign embassies and
international organizations in the U.S. Exports include goods and services and are estimated by production location; therefore, they do not match the U.S. Census Bureau’s estimates of state and metropolitan exports, which
reflect origin-of-movement. Real Exports are inflation-adjusted by industry, in millions of 2016 dollars. LQ is short for location quotient, which represents the local export specialization in an industry relative to the national
● Direct export jobs are jobs supported by exports in that particular industry. Total export-supported jobs include direct export jobs as well as jobs supported by exports in the exporting industries supply chain. The value is
based on the national multiplier for that industry and does not reflect an exact count of workers involved in the physical production of exports, but rather the number of jobs that a given amount of export sales can support.