Overview: In January 2021 Alabama exported $1.44B and imported $2.29B, resulting in a negative trade balance of $851M. Between January 2020 and January 2021 the exports of Alabama have decreased by $-39.9M (-2.69%) from $1.48B to $1.44B, while imports decreased by $-78.9M (-3.33%) from $2.37B to $2.29B.
Trade: In January 2021, the top exports of Alabama were Cars ($414M), Aircraft Parts ($74.8M), Optical Fibers ($58.2M), Coal Briquettes ($54.7M), and Soybeans ($51.9M). In January 2021 the top imports of Alabama were Vehicle Parts ($321M), Crude Petroleum ($142M), Aircraft Parts ($107M), Seats ($60.3M), and Reaction and Catalytic Products ($56.2M).
Destinations: In January 2021, Alabama exported mostly to Canada ($288M), Germany ($235M), Mexico ($187M), China ($135M), and South Korea ($63.2M), and imported mostly from South Korea ($408M), Mexico ($399M), Germany ($287M), China ($284M), and Canada ($247M).
Growth: In January 2021, the decrease in Alabama's year-by-year exports was explained primarily by an decrease in exports to India ($-90.7M or -86.2%), China ($-60.1M or -30.8%), and Japan ($-38.5M or -51.4%), and product exports decrease in Aircraft Parts ($-103M or -58%), Cars ($-75M or -15.3%), and Polyacetals ($-15M or -42.8%). In January 2021, the decrease in Alabama's year-by-year imports was explained primarily by an decrease in imports from France ($-63.4M or -73.6%), Argentina ($-18.1M or -82.1%), and South Korea ($-13.6M or -3.22%), and product imports decrease in Gas Turbines ($-127M or -98.9%), Commodities not elsewhere specified ($-50M or -68.5%), and Spark-Ignition Engines ($-32.3M or -40.2%).