Overview: In January 2021 New Orleans, LA exported $6.74B and imported $4.13B, resulting in a positive trade balance of $2.61B. Between January 2020 and January 2021 the exports of New Orleans, LA have increased by $1.1B (19.5%) from $5.64B to $6.74B, while imports decreased by $-1.11B (-21.1%) from $5.24B to $4.13B.
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 ($1.01B), Canada ($487M), Netherlands ($425M), United Arab Emirates ($345M), and United Kingdom ($323M), and imported mostly from Ireland ($420M), Canada ($366M), China ($324M), Germany ($310M), and United Kingdom ($261M).
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%).