AlabamaState 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.
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%).
EXPORT GROWTH (January 2020 - January 2021): $-39.9M, (-2.69%)
IMPORT GROWTH (January 2020 - January 2021): $-78.9M, (-3.33%)
This section shows exports and imports data at subnational level for Alabama. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Alabama over time.
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.
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).
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).
Fastest Growing Import Origins (Jan 2020 - Jan 2021)
Rapidly Declining Import Origins (Jan 2020 - Jan 2021)
Alabama ranks 25th out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
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).
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.
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.
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.
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