New Orleans, La
District in Louisiana, State of United States
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.
Latest Trends (January, 2021)
#permalink to sectionOverview: In January 2021 New Orleans, LA exported $10.4B and imported $7.92B, resulting in a positive trade balance of $2.51B. Between January 2020 and January 2021 the exports of New Orleans, LA have increased by $1.7B (19.5%) from $8.73B to $10.4B, while imports decreased by $-855M (-9.74%) from $8.78B to $7.92B.
Trade: In January 2021, the top exports of New Orleans, LA were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of New Orleans, LA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, New Orleans, LA exported mostly to China ($2.18B), Canada ($537M), South Korea ($476M), Mexico ($473M), and Netherlands ($464M), and imported mostly from China ($2.11B), Ireland ($414M), Japan ($399M), Canada ($380M), and Germany ($375M).
Growth: In January 2021, the increase in New Orleans, LA's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the decrease in New Orleans, LA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-641M or -63.5%), Ireland ($-631M or -76.8%), and Mexico ($-502M or -5.79%), and product imports decrease in Crude Petroleum ($-995M or -52.5%), Nucleic Acids ($-936M or -83.4%), and Crude Petroleum ($-748M or -34.7%).
Monthly Trade
#permalink to sectionEXPORT GROWTH (January 2020 - January 2021): $1.7B, (19.5%)
IMPORT GROWTH (January 2020 - January 2021): $-855M, (-9.74%)
This section shows exports and imports data at subnational level for New Orleans, LA. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of New Orleans, LA over time.
Comparison in Time
#permalink to sectionThis 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.
Yearly Exports
#permalink to sectionTop 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
#permalink to sectionYearly Imports
#permalink to sectionTop 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).
Latest Data
#permalink to sectionEconomic Complexity
#permalink to sectionEconomic Complexity of United States
#permalink to sectionNew Orleans, La ranks 15th out of the 43 districts in United States according to ECI.
Estimated using exports data.
Export Opportunities by Relatedness
#permalink to sectionThe 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
#permalink to sectionThe 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
#permalink to sectionThe 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).
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
