Overview: In January 2021 Morgan City, LA exported $457M and imported $57.1M, resulting in a positive trade balance of $400M. Between January 2020 and January 2021 the exports of Morgan City, LA have increased by $261M (133%) from $196M to $457M, while imports decreased by $-52.3M (-47.8%) from $109M to $57.1M.
Trade: In January 2021, the top exports of Morgan City, 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 Morgan City, LA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Morgan City, LA exported mostly to China ($190M), India ($145M), South Korea ($94.1M), Trinidad and Tobago ($8.63M), and United Kingdom ($6.48M), and imported mostly from Brazil ($27.8M), Aruba ($13.1M), Mexico ($3.88M), China ($3.61M), and Germany ($2.53M).
Growth: In January 2021, the increase in Morgan City, 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 ($742M or 188%). In January 2021, the decrease in Morgan City, LA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).