New Orleans, La

District in Louisiana, State of United States

2019
Economic
Complexity
: 0.33, Rank 15 of 39

Jan 2021
Trade
Exports | Imports
: $10.4B | $7.92B, 3 of 43 | 8 of 42

Jan 2021
Country
Destination | Origin
: China | China , $2.18B  | $2.11B

Jan 2021
Product
Exports | Imports
: Soybeans | Computers , $2.39B  | $844M

Overview: This page contains the latest international trade data for New Orleans, LA, including export and import data.

Exports: In 2020, United States' New Orleans, La exported $96.9B, making it the 6th largest exporter out of the 43 exporters in United States. In 2020 the top exports of New Orleans, La were Soya beans: other than seed, whether... ($14.5B), Light petroleum distillates nes ($9.15B), Aircraft parts nes ($7.6B), Maize except seed corn ($5.14B), and Petroleum oils, oils from bituminous minerals,... ($4.53B).

Imports: In 2020, United States' New Orleans, La imported $98.3B, making it the 8th largest importer out of the 43 importers in United States. In 2020 top imports of New Orleans, La were Automatic data processing machines: portable, weighing... ($7.64B), Commodities not specified according to kind ($5.2B), Telephones for cellular networks or for... ($4.36B), Electronic integrated circuits: processors and controllers,... ($3.87B), and Petroleum oils, oils from bituminous minerals,... ($3.71B).

Economic Complexity: In 2019, the highest complexity exports of New Orleans, La according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Disc Chemicals for Electronics (2.2), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Blank Audio Media (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between New Orleans, LA's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): China, $13.8B

Top Product (2020): Soya beans: other than seed, whether..., $14.5B

In 2020 the top export destinations of New Orleans, La were China ($13.8B), Canada ($7.44B), Mexico ($6.51B), Netherlands ($5.02B), and United Kingdom ($4.5B).

In 2020 the top exports of New Orleans, La were Soya beans: other than seed, whether... ($14.5B), Light petroleum distillates nes ($9.15B), Aircraft parts nes ($7.6B), Maize except seed corn ($5.14B), and Petroleum oils, oils from bituminous minerals,... ($4.53B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): China, $26B

Top Import (2020): Automatic data processing machines: portable, weighing..., $7.64B

In 2020 the top import origins of New Orleans, La were China ($26B), Germany ($5.03B), Japan ($4.98B), Canada ($4.58B), and Mexico ($4.42B).

In 2020 the top imports of New Orleans, La were Automatic data processing machines: portable, weighing... ($7.64B), Commodities not specified according to kind ($5.2B), Telephones for cellular networks or for... ($4.36B), Electronic integrated circuits: processors and controllers,... ($3.87B), and Petroleum oils, oils from bituminous minerals,... ($3.71B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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New Orleans, La ranks 15th out of the 43 districts in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were New Orleans, La already has a comparative advantage, are led by Aircraft Launch Gear (0.19), Photographic Film (0.19), Halides (0.18), Photo Lab Equipment (0.18), and Phenol Derivatives (0.18).

Most Complex Products by PCI

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The highest complexity exports of New Orleans, La according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Disc Chemicals for Electronics (2.2), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Blank Audio Media (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Starch Residue (32.8), Soybeans (31.4), Corn (18.8), Aircraft Parts (18.4), and Oil Seed Flower (17.9).

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 New Orleans, La 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.

Relatedness Space

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This network shows the products most related to the production structure of  New Orleans, La. These are products that tend to be co-exported with the products that New Orleans, La exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.