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Overview This page contains the latest international trade data for Alabama. In December 2023 Alabama was the number 22 in total exports and the number 21 in total imports in United States.

Exports In 2023, United States' Alabama exported $25.6B, making it the 22nd largest exporter out of the 53 exporters in United States. In 2023 the top exports of Alabama were Medium Sized Cars ($4.57B), Electric motor Vehicles ($2.3B), Bituminous coal, not agglomerated ($2.19B), Other Aircraft parts ($1.64B), and Large Diesel non chargeable Cars ($1.46B).

Imports In 2023, United States' Alabama imported $37.1B, making it the 21st largest importer out of the 53 importers in United States. In 2023 top imports of Alabama were Petroleum oils, oils from bituminous minerals,... ($3.04B), Engines, spark-ignition reciprocating, over 1000 cc ($1.43B), Others parts and accessories of bodies... ($1.25B), Transmissions for motor vehicles ($1.01B), and Ignition/other wiring sets for vehicles/aircraft/ship ($995M).

Economic Complexity In 2023, the highest complexity exports of Alabama according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.44), Organo-Sulfur Compounds (1.41), Gaskets (1.38), Combustion Engines (1.27), Compasses (1.27), Other Stone Articles (1.1), Amine Compounds (1.1), Prepared Rubber Accelerators (1.1), Rubber Textile Fabric (1.06), and Optical Fibers and optical fibre bundles (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Germany$5.06B
Top Product (2023)Medium Sized Cars$4.57B

In 2023 the top export destinations of Alabama were Germany ($5.06B), Canada ($3.92B), China ($3.75B), Mexico ($3.19B), and South Korea ($1.19B).

In 2023 the top exports of Alabama were Medium Sized Cars ($4.57B), Electric motor Vehicles ($2.3B), Bituminous coal, not agglomerated ($2.19B), Other Aircraft parts ($1.64B), and Large Diesel non chargeable Cars ($1.46B).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Germany $77.9M (18%)
Mexico $69.9M (34.6%)
Australia $51.8M (164%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
China -$180M (-41.8%)
Singapore -$53.3M (-88.5%)
Dominican Republic -$27.7M (-83.5%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mexico$8.15B

In 2023 the top import origins of Alabama were Mexico ($8.15B), South Korea ($5.51B), Germany ($5.08B), China ($4.29B), and Canada ($3.45B).

In 2023 the top imports of Alabama were Petroleum oils, oils from bituminous minerals,... ($3.04B), Engines, spark-ignition reciprocating, over 1000 cc ($1.43B), Others parts and accessories of bodies... ($1.25B), Transmissions for motor vehicles ($1.01B), and Ignition/other wiring sets for vehicles/aircraft/ship ($995M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Mexico $156M (31.6%)
Canada $65.8M (26.9%)
Vietnam $50.1M (87.7%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Cambodia -$48.2M (-66%)
United Kingdom -$39.9M (-43.8%)
Japan -$32.3M (-24.6%)

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Economic Complexity

Economic Complexity of Alabama

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Economic Complexity (2023)0.24

Alabama ranks 33rd out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

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 (0.16), Newsprint (0.16), Aircraft Launch Gear (0.16), Nickel Sheets (0.16), and Stainless Steel Ingots (0.15).

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Most Complex Products by PCI

The highest complexity exports of Alabama according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.44), Organo-Sulfur Compounds (1.41), Gaskets (1.38), Combustion Engines (1.27), Compasses (1.27), Other Stone Articles (1.1), Amine Compounds (1.1), Prepared Rubber Accelerators (1.1), Rubber Textile Fabric (1.06), and Optical Fibers and optical fibre bundles (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Tanks and Armored vehicles (33.74), Poultry (29.04), Aircraft Parts (18.95), Zinc Oxide and Peroxide (15.06), and Railway Track Fixtures (14.07).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

Depth
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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. Bubble size corresponds to exports value by year 2020.

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