Mobile, AL

Overview In January 2024 Mobile, AL exported $945M and imported $2.75B, resulting in a negative trade balance of $1.8B. Between January 2023 and January 2024 the exports of Mobile, AL have decreased by $-85.6M (-8.3%) from $1.03B to $945M, while imports increased by $142M (5.44%) from $2.61B to $2.75B.

Trade In January 2024, the top exports of Mobile, AL were Refined Petroleum ($333M), Polyamides ($57M), Sulfate Chemical Woodpulp ($51M), Aircraft Parts ($44.3M), and Kraft Paper ($27.8M). In January 2024 the top imports of Mobile, AL were Crude Petroleum ($357M), Motor vehicles; parts and accessories (8701... ($242M), Vaccines, blood, antisera, toxins and cultures ($164M), Aircraft parts including unmanned craft ($153M), and Electric Batteries ($142M).

Destinations In January 2024, Mobile, AL exported mostly to Panama ($162M), Honduras ($109M), Mexico ($99.6M), Guatemala ($77.6M), and China ($50.5M), and imported mostly from Germany ($472M), Mexico ($387M), China ($338M), South Korea ($310M), and Brazil ($163M).

Growth In January 2024, the decrease in Mobile, AL's year-by-year exports was explained primarily by an decrease in exports to Egypt ($-26.7M or -89.3%), United Kingdom ($-17.2M or -68.2%), and Vietnam ($-11.5M or -52.7%), and product exports decrease in Soybeans ($-58.6M or -65.1%), Polyamides ($-22.8M or -31.9%), and Kraft Paper ($-9.85M or -34.4%). In January 2024, the increase in Mobile, AL's year-by-year imports was explained primarily by an increase in imports from Brazil ($164M or 180%), South Korea ($47.1M or 17.3%), and Cambodia ($36.9M or 957%), and product imports increase in Steel Ingots ($77M or 116%), Crude Petroleum ($54.4M or 16.9%), and Semiconductor Devices ($36.2M or 226k%).