AlabamaState in United States
Exports (2019): $20.7B, Rnk 23/53
Top Destination (2019): $3.87B, Canada
Top Export (2019): $2.93B, Medium Sized Cars
Imports (2019): $28.4B, Rnk 23/53
Top Origin (2019): $5.03B, Mexico
Top Import (2019): $2.41B, Petroleum oils, oils from bituminous minerals,...
Economic Complexity (2019): 0.27, Rnk 26 / 53
Overview: This page contains the latest international trade data for Alabama, including export and import data.
Exports: In 2019, United States' Alabama exported $20.7B, making it the 23rd largest exporter out of the 53 exporters in United States. In 2019 the top exports of Alabama were Medium Sized Cars ($2.93B), Aircraft parts nes ($2.22B), Large Diesel Engine Cars ($1.55B), Bituminous coal, not agglomerated ($1.39B), and Large Sized Cars ($1.32B).
Imports: In 2019, United States' Alabama imported $28.4B, making it the 23rd largest importer out of the 53 importers in United States. In 2019 top imports of Alabama were Petroleum oils, oils from bituminous minerals,... ($2.41B), Turbo-jet engines of a thrust >... ($1.51B), Aircraft parts nes ($864M), Parts and accessories of bodies nes... ($780M), and Engines, spark-ignition reciprocating, over 1000 cc ($678M).
Economic Complexity: In 2019, the highest complexity exports of Alabama according to the product complexity index (PCI) are Polyamides (1.65), Tensile Testing Machines (1.64), Acrylic Polymers (1.61), Textile Fiber Machinery (1.6), and Valves (1.48). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Canada, $3.87B
Top Product (2019): Medium Sized Cars, $2.93B
In 2019 the top export destinations of Alabama were Canada ($3.87B), Germany ($3.14B), Mexico ($2.25B), China ($2.24B), and Japan ($796M).
In 2019 the top exports of Alabama were Medium Sized Cars ($2.93B), Aircraft parts nes ($2.22B), Large Diesel Engine Cars ($1.55B), Bituminous coal, not agglomerated ($1.39B), and Large Sized Cars ($1.32B).
Top Origin (2019): Mexico, $5.03B
Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $2.41B
In 2019 the top import origins of Alabama were Mexico ($5.03B), South Korea ($4.63B), China ($3.21B), Germany ($3.11B), and Canada ($2.97B).
In 2019 the top imports of Alabama were Petroleum oils, oils from bituminous minerals,... ($2.41B), Turbo-jet engines of a thrust >... ($1.51B), Aircraft parts nes ($864M), Parts and accessories of bodies nes... ($780M), and Engines, spark-ignition reciprocating, over 1000 cc ($678M).
This section shows differences between total trade from Alabama throughout time.
This section shows forecasts for total exports and imports from Alabama. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Alabama ranks 26th 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 Nuclear Reactors (0.17), Newsprint (0.17), Epoxides (0.16), Planes, Helicopters, and/or Spacecraft (0.16), and Hydrogen peroxide (0.16).
The highest complexity exports of Alabama according to the product complexity index (PCI) are Polyamides (1.65), Tensile Testing Machines (1.64), Acrylic Polymers (1.61), Textile Fiber Machinery (1.6), and Valves (1.48). 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 Armored vehicles (24.9), Aircraft Parts (20.8), Poultry (18.6), Explosive Ammunition (16.6), and Unprocessed Artificial Staple Fibers (16.3).
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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