Text extracted via OCR from the original document. May contain errors from the scanning process.
EXPORT SCAN
Albany, NY
REAL EXPORTS
(BN)
2017
2003
EXPORT SHARE OF
GDP (PCT)
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 GDP
US REAL EXPORTS
US REAL GDP
JPMORGAN CHASE
EXPORTS (BN) 2017
EXPORTS (MIL) 2017
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
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.