Alabama

State in United States

2019
Economic
Complexity
: 0.31, Rank 25 of 53

Jan 2021
Trade
Exports | Imports
: $1.44B | $2.29B, 26 of 54 | 22 of 54

Jan 2021
Country
Destination | Origin
: Canada | South Korea , $288M  | $408M

Jan 2021
Product
Exports | Imports
: Cars | Vehicle Parts , $414M  | $321M

Overview: This page contains the latest international trade data for Alabama, including export and import data.

Exports: In 2020, United States' Alabama exported $17.1B, making it the 24th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Alabama were Medium Sized Cars ($2.86B), Aircraft parts nes ($1.37B), Large Diesel Engine Cars ($1.03B), Bituminous coal, not agglomerated ($954M), and Large Sized Cars ($705M).

Imports: In 2020, United States' Alabama imported $25.5B, making it the 23rd largest importer out of the 53 importers in United States. In 2020 top imports of Alabama were Petroleum oils, oils from bituminous minerals,... ($1.43B), Engines, spark-ignition reciprocating, over 1000 cc ($908M), Parts and accessories of bodies nes... ($695M), Motor vehicle parts nes ($474M), and Transmissions for motor vehicles ($470M).

Economic Complexity: In 2019, the highest complexity exports of Alabama according to the product complexity index (PCI) are Other Esters (1.85), Papermaking Machines (1.68), Other Organo-Inorganic Compounds (1.56), Polyamides (1.55), and X-Ray Equipment (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

This section shows the differences between Alabama's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2020): China, $3.1B

Top Product (2020): Medium Sized Cars, $2.86B

In 2020 the top export destinations of Alabama were China ($3.1B), Canada ($2.91B), Germany ($2.23B), Mexico ($1.84B), and Japan ($702M).

In 2020 the top exports of Alabama were Medium Sized Cars ($2.86B), Aircraft parts nes ($1.37B), Large Diesel Engine Cars ($1.03B), Bituminous coal, not agglomerated ($954M), and Large Sized Cars ($705M).

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2020): Mexico, $4.16B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $1.43B

In 2020 the top import origins of Alabama were Mexico ($4.16B), South Korea ($4.1B), Germany ($3.49B), China ($3.21B), and Canada ($2.57B).

In 2020 the top imports of Alabama were Petroleum oils, oils from bituminous minerals,... ($1.43B), Engines, spark-ignition reciprocating, over 1000 cc ($908M), Parts and accessories of bodies nes... ($695M), Motor vehicle parts nes ($474M), and Transmissions for motor vehicles ($470M).

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

#permalink to section

Economic Complexity of United States

#permalink to section

Alabama ranks 25th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Alabama already has a comparative advantage, are led by Aircraft Launch Gear (0.17), Newsprint (0.17), Photographic Paper (0.17), Halides (0.17), and Epoxides (0.17).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Alabama according to the product complexity index (PCI) are Other Esters (1.85), Papermaking Machines (1.68), Other Organo-Inorganic Compounds (1.56), Polyamides (1.55), and X-Ray Equipment (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Aircraft Parts (21.4), Poultry (19.3), Unprocessed Artificial Staple Fibers (17.2), Compounded Unvulcanised Rubber (16.3), and Hydraulic Brake Fluid (16.2).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Alabama is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Alabama. These are products that tend to be co-exported with the products that Alabama exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.