New Orleans, LaDistrict in Louisiana, state of United States
Exports (2019): $104B, Rnk 6/43
Top Destination (2019): $10.1B, Mexico
Top Export (2019): $15.1B, Light petroleum distillates nes
Imports (2019): $113B, Rnk 7/43
Top Origin (2019): $28B, China
Top Import (2019): $7.59B, Petroleum oils, oils from bituminous minerals,...
Economic Complexity (2019): 0.27, Rnk 26 / 43
Exports: In 2019, United States' New Orleans, La exported $104B, making it the 6th largest exporter out of the 43 exporters in United States. In 2019 the top exports of New Orleans, La were Light petroleum distillates nes ($15.1B), Soya beans: other than seed, whether... ($10.6B), Aircraft parts nes ($9.62B), Petroleum spirit for motor vehicles ($4.73B), and Petroleum oils, oils from bituminous minerals,... ($4.23B).
Imports: In 2019, United States' New Orleans, La imported $113B, making it the 7th largest importer out of the 43 importers in United States. In 2019 top imports of New Orleans, La were Petroleum oils, oils from bituminous minerals,... ($7.59B), Automatic data processing machines: portable, weighing... ($7.16B), Commodities not specified according to kind ($6.85B), Light petroleum distillates nes ($5.56B), and Electronic integrated circuits: processors and controllers,... ($4.93B).
Economic Complexity: In 2019, the highest complexity exports of New Orleans, La according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Disc Chemicals for Electronics (2.25), Chemical Analysis Instruments (1.78), Metal Pickling Preparations (1.71), and Non-optical Microscopes (1.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Mexico, $10.1B
Top Product (2019): Light petroleum distillates nes, $15.1B
In 2019 the top export destinations of New Orleans, La were Mexico ($10.1B), Canada ($8.65B), China ($6.86B), United Kingdom ($5.52B), and Netherlands ($4.79B).
In 2019 the top exports of New Orleans, La were Light petroleum distillates nes ($15.1B), Soya beans: other than seed, whether... ($10.6B), Aircraft parts nes ($9.62B), Petroleum spirit for motor vehicles ($4.73B), and Petroleum oils, oils from bituminous minerals,... ($4.23B).
Top Origin (2019): China, $28B
Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $7.59B
In 2019 the top import origins of New Orleans, La were China ($28B), Germany ($6.44B), Japan ($6.16B), Canada ($5.55B), and Malaysia ($5.21B).
In 2019 the top imports of New Orleans, La were Petroleum oils, oils from bituminous minerals,... ($7.59B), Automatic data processing machines: portable, weighing... ($7.16B), Commodities not specified according to kind ($6.85B), Light petroleum distillates nes ($5.56B), and Electronic integrated circuits: processors and controllers,... ($4.93B).
Fastest Growing Import Origins (May 2019 - May 2020)
This section shows differences between total trade from New Orleans, LA throughout time.
The districts of United States with the highest exports in 2019 were Houston-galveston, Tx ($151B), New York City, Ny ($134B), Detroit, Mi ($128B), Laredo, Tx ($127B), and Los Angeles, Ca ($122B)
The districts of United States with the highest imports in 2019 were Los Angeles, Ca ($306B), New York City, Ny ($242B), Chicago, Il ($205B), Laredo, Tx ($197B), and Detroit, Mi ($134B)
This section shows forecasts for total exports and imports from New Orleans, LA. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
New Orleans, La ranks 26th out of the 43 districts in United States according to ECI.
Estimated using exports data.
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 Photographic Film (0.2), Photo Lab Equipment (0.19), Halides (0.19), Photographic Paper (0.19), and Epoxides (0.18).
The highest complexity exports of New Orleans, La according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Disc Chemicals for Electronics (2.25), Chemical Analysis Instruments (1.78), Metal Pickling Preparations (1.71), and Non-optical Microscopes (1.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Starch Residue (31.7), Soybeans (30), Corn (19.4), Aircraft Parts (17.8), and Other Organo-Inorganic Compounds (17.3).
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.
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.
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