For the second straight year, Alabama exports set a new record. In 2016, Made in Alabama products topped $20.6 billion. The 2017 figures, released by Alabama State Commerce Department, show a $1.1 billion dollar increase to $21.7 billion. Alabama exports have surged 21% since 2011 and 50% in a decade, figures indicate.
Transportation equipment remained Alabama’s No. 1 export category, rising nearly 2 percent to $10.9 billion in 2017. Motor vehicles represent the largest part of Alabama exports in this category, but the total also includes overseas shipments of auto parts, and aircraft and spacecraft components. Paper products (RELATED: see the JMF Timber practice) also posted an increase to the tune of $1.1 billion in exports.
The Top 5 markets were:
- Canada ($4.14 billion, flat compared to 2016)
- China ($3.62 billion, 10.6% increase)
- Germany ($2.94 billion, 8% decrease) – Related: Check out the JMF US German Alliance
- Mexico ($2.9 billion, 10% increase)
- Japan ($682.6 million, 29.9% increase)
“Exporting is a fundamental economic pillar that supports growth in our state, and increasing demand for Alabama-made products around the globe underscores the success of our dynamic manufacturing sector,” said Greg Canfield, secretary of the Alabama Department of Commerce. “Growing export activity contributes economic vitality and spurs job creation across the state,” he added.
In total, Alabama goods are sold in 189 countries across the globe. If you are interested in exporting your products, please contact the JMF International Practice Group, as we may be able to help you.