Last year, the Capital Region made significant inroads in exporting merchandise to several world regions, particularly South America, Central America, the Middle East and Africa, according to a Center for Economic Growth analysis of International Trade Administration (ITA) data. Fastest-Growing Export Regions In 2016, Albany-Schenectady-Troy metropolitan statistical area (MSA) merchandise
Despite a strong U.S. dollar (USD) and weaker global demand, Capital Region exports held steady in 2016, according to a Center for Economic Growth (CEG) analysis of new Brookings Institution estimates. Exports throughout the eight counties last year totaled $5.978 billion, up 7.3 percent from five years earlier. Impacting that
Last year, the Albany, New York metro area increased imports carried by vessels, giving the Capital Region’s burgeoning logistics and distribution industry a boost, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau USA Trade Online data. Vessel Imports In 2016, 1.2 billion kilograms, or 1.3 million
