Overview: In January 2021 Mobile, AL exported $376M and imported $1.17B, resulting in a negative trade balance of $794M. Between January 2020 and January 2021 the exports of Mobile, AL have increased by $61.1M (19.4%) from $315M to $376M, while imports decreased by $-18.4M (-1.54%) from $1.19B to $1.17B.
Trade: In January 2021, the top exports of Mobile, AL 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 Mobile, AL were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Mobile, AL exported mostly to China ($99.8M), Mexico ($50.7M), Egypt ($21.7M), South Korea ($21.2M), and Brazil ($15.2M), and imported mostly from China ($259M), South Korea ($235M), Mexico ($231M), Germany ($88.1M), and United Kingdom ($52.1M).
Growth: In January 2021, the increase in Mobile, AL's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the decrease in Mobile, AL's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).