Louisiana

Overview In January 2024 Louisiana exported $7.85B and imported $2.7B, resulting in a positive trade balance of $5.15B. Between January 2023 and January 2024 the exports of Louisiana have decreased by $-2.75B (-26%) from $10.6B to $7.85B, while imports decreased by $-146M (-5.13%) from $2.85B to $2.7B.

Trade In January 2024, the top exports of Louisiana were Petroleum Gas ($1.8B), Refined Petroleum ($1.71B), Soybeans ($1.66B), Corn ($353M), and Crude Petroleum ($331M). In January 2024 the top imports of Louisiana were Crude Petroleum ($600M), Refined Petroleum ($346M), Refined Copper ($111M), Coffee ($98.9M), and Cars ($88.8M).

Destinations In January 2024, Louisiana exported mostly to China ($1.32B), Netherlands ($627M), Mexico ($569M), United Kingdom ($520M), and Canada ($347M), and imported mostly from Mexico ($501M), Canada ($281M), South Korea ($187M), Chile ($106M), and China ($101M).

Growth In January 2024, the decrease in Louisiana's year-by-year exports was explained primarily by an decrease in exports to India ($-338M or -70.7%), Spain ($-190M or -51.7%), and Mexico ($-105M or -11.7%), and product exports decrease in Corn ($-495M or -58.3%), Refined Petroleum ($-314M or -16.8%), and Acyclic Alcohols ($-74.4M or -62.5%). In January 2024, the decrease in Louisiana's year-by-year imports was explained primarily by an decrease in imports from Russia ($-468M or -84.5%), Chile ($-258M or -71.2%), and Indonesia ($-64M or -43.1%), and product imports decrease in Refined Copper ($-325M or -87.3%), Refined Petroleum ($-149M or -29.6%), and Nitrogenous Fertilizers ($-96.7M or -41.2%).