According to Governor Kay Ivey, Alabama has set a new annual record for exports, reaching over $25.5 billion in 2022.
The value of exports in Alabama increased by 22% compared to the previous year, marking an almost 47% rise since 2020.
The success of Alabama’s exports is due to rising overseas shipments of vehicles, aerospace parts, chemicals, minerals, metals, and paper products, as reported by the Alabama Department of Commerce.
Alabama exported to 196 countries worldwide, with the top 5 destinations being Germany, China, Canada, Mexico, and Japan.
Governor Ivey credited the state’s record-breaking success to the “Made in Alabama” brand and its “incredible companies and top-notch workforce.”
Exports are crucial in supporting economic growth in Alabama and creating jobs.
Exports of vehicles from Alabama reached $8.9 billion, a 13% increase, while overseas shipments of aerospace products and parts increased 21% to exceed $1.7 billion.
In addition, all of Alabama’s top-ranking export categories showed significant gains in 2022, including chemicals ($2.7 billion), minerals and ores ($2 billion), primary metals ($1.6 billion), and paper ($1.6 billion).
According to Christina Stimpson, director of Commerce’s Office of International Trade, the broad-based gains for Alabama exports bring good news for companies back home, leading to increased production, investment, and job creation.