Alabama exports soar to record total in 2023, topping $27 billion
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Alabama companies exported goods and services worth over $27.4 billion in 2023, setting a new annual record for the second consecutive year and underscoring the resilience of the state’s economy. The value of last year’s exports rose 6% from the previous year’s total of $25.5 billion,…
Trade mission connects Alabama firms to Nordic bioscience ecosystem
COPENHAGEN, Denmark — Commerce Secretary Greg Canfield is leading a delegation of Alabama bioscience businesses on a trade mission to this week’s Nordic Life Sciences Days (NLSDays), the largest Scandinavian partnering conference dedicated to the life sciences industry. The Alabama team, which includes representatives from six bioscience firms, arrived in Copenhagen today and was scheduled…
Sec. Canfield heads Alabama team in Tokyo for SEUS-Japan 45 summit
Commerce Secretary Greg Canfield is leading an Alabama delegation at an international conference in Tokyo this week that seeks to enhance the robust economic and cultural ties between seven Southeastern states and Japan. The 45th annual joint meeting of the Southeast U.S.-Japan and the Japan-Southeast associations, known as SEUS Japan, officially begins today and features…
Birmingham hosts U.S.-EU SME Workshop to reinforce transatlantic ties
BIRMINGHAM, Alabama — The Alabama Department of Commerce is hosting the 12th U.S.-EU Small and Medium-Sized Enterprises (SME) Workshop today in Birmingham, giving small businesses an opportunity to connect with government trade officials from both sides of the Atlantic. The day-long event allows leaders from small businesses to engage directly with government officials from the…
Alabama firms make international connections at Paris Air Show
PARIS — The Alabama team at the 2023 Paris Air Show has a major focus on recruiting new aerospace jobs and investment, but this year’s mission has a wrinkle — helping homegrown companies claim a spot on the international business stage. For the first time, three Alabama firms are attending the aerospace industry’s biggest trade…
Tuskegee University, Alabama exporters claim ‘Trade Excellence Awards’
MONTGOMERY, Alabama — Governor Kay Ivey today recognized six Alabama companies for success in selling their goods and services in markets across the globe, helping to sustain robust export activities that create jobs and spark economic growth across the state. In addition, Governor Ivey presented Tuskegee University with a 2023 Governor’s Trade Excellence Award for…
Alabama firm on trade mission strikes partnership with Australian company
MELBOURNE, Australia — Alabama-based Cummings Aerospace announced today that it plans to team with an Australian company to develop defense technology solutions that would be produced and distributed in Australia. Cummings Aerospace, headquartered in Huntsville, is among six state firms participating this week in a trade mission organized by the Alabama Department of Commerce to…
Alabama trade mission targets opportunities at Australia’s Avalon air show
MELBOURNE, Australia — An Alabama delegation including six aerospace-focused companies are seeking to make business connections on a trade mission this week to Avalon 2023, the largest aviation, aerospace and defense exposition staged in the Southern hemisphere. The Alabama Department of Commerce is leading the business development mission to the Australian International Airshow Aerospace and…
Alabama exports soared to new record in 2022, topping $25.5 billion
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Alabama exports surged to over $25.5 billion in 2022, setting a new annual record and providing another indicator that the state’s economy is performing strongly. Last year’s surging export activity was driven by rising overseas shipments of Alabama-made vehicles, aerospace parts, chemicals, minerals, metals and paper…
Rising Alabama exports put 2022 on course for record year
Alabama exports are bouncing back from global trade frictions and disruptions caused by the COVID-19 pandemic, which combined to interrupt years of momentum that lifted overseas shipments of Alabama-made goods. While full-year results are not yet available for 2022, trade data show that Alabama exports approached $23.4 billion in value through November — a figure…
