Alabama exports accelerate to record $20.6 billion in 2016

Posted by on Feb 18, 2017 in Business | No Comments

Export-Feature

Alabama exports rose to a record level in 2016, topping $20 billion for the first time on gains from overseas shipments of Alabama-made products such as transportation equipment, chemicals and paper products.

“Alabama’s dynamic manufacturing base turns out a wide range of great products that consumers in markets around the world want to own, which creates jobs and opportunity here at home,” said Greg Canfield, secretary of the Alabama Department of Commerce.

“Setting a new record for exports last year shows that ‘Made in Alabama’ is not a slogan but a fundamental economic pillar supporting economic growth in our state,” he added.

In 2016, Alabama-made goods were exported to 189 countries in every corner of the world. The top five destinations, led by Canada, accounted for nearly half of Alabama’s exports last year. These markets are:

  • Canada: $4.1 billion, up 1 percent.
  • China: $3.4 billion, up 8.5 percent.
  • Germany: $3.2 billion, up 29 percent.
  • Mexico: $2.6 billion, down 9 percent.
  • United Kingdom: $559 million, down 8 percent.

Rounding out the top 10 are Japan, South Korea, United Arab Emirates (UAE), France and Australia. Countries posting large gains in imports from Alabama in 2016 include Denmark (335 percent), Kuwait (285 percent), Russia (219 percent), Taiwan (130 percent) and Sweden (126 percent).

- See more at: http://alabamanewscenter.com/2017/02/16/alabama-exports-accelerate-to-20-6-billion-in-2016-breaking-record/#sthash.e7aZhjGZ.dpuf