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Overview This page contains the latest international trade data for Louisiana. In February 2024 Louisiana was the number 3 in total exports and the number 24 in total imports in United States.

Exports In 2023, United States' Louisiana exported $122B, making it the 3rd largest exporter out of the 53 exporters in United States. In 2023 the top exports of Louisiana were Natural gas, liquefied ($22.2B), Light petroleum distillates nes ($16.3B), Soya beans: other than seed, whether... ($14.4B), Petroleum oils, oils from bituminous minerals,... ($11.5B), and Maize except seed corn ($6.12B).

Imports In 2023, United States' Louisiana imported $38.2B, making it the 24th largest importer out of the 53 importers in United States. In 2023 top imports of Louisiana were Petroleum oils, oils from bituminous minerals,... ($5.78B), Light petroleum distillates nes ($4.63B), Copper cathodes and sections of cathodes... ($1.31B), Unroasted Coffee (Non-Decaffeinated) ($906M), and Aluminium unwrought, not alloyed ($823M).

Economic Complexity In 2023, the highest complexity exports of Louisiana according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.77), Lubricating Products (1.68), Nickel Sheets (1.58), Phenols (1.47), Carboxyamide Compounds (1.42), Other Nitrogen Compounds (1.38), Acrylic Polymers (1.3), Petroleum Resins (1.24), Unsaturated Acyclic Monocarboxylic Acids (1.24), and Amino-resins (1.21). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)China$14B
Top Product (2023)Natural gas, liquefied$22.2B

In 2023 the top export destinations of Louisiana were China ($14B), Mexico ($6.93B), Netherlands ($6.92B), United Kingdom ($5.29B), and Germany ($5.03B).

In 2023 the top exports of Louisiana were Natural gas, liquefied ($22.2B), Light petroleum distillates nes ($16.3B), Soya beans: other than seed, whether... ($14.4B), Petroleum oils, oils from bituminous minerals,... ($11.5B), and Maize except seed corn ($6.12B).

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Exports Dynamics

Fastest Growing Exports Destination (Feb 2023 - Feb 2024)
Chinese Taipei $207M (684%)
Canada $143M (39.2%)
Mexico $104M (20.1%)
Rapidly Declining Export Origins (Feb 2023 - Feb 2024)
France -$208M (-42.8%)
China -$179M (-12.2%)
Spain -$168M (-50.7%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mexico$5.74B

In 2023 the top import origins of Louisiana were Mexico ($5.74B), Canada ($3.23B), Brazil ($1.66B), South Korea ($1.55B), and Chile ($1.28B).

In 2023 the top imports of Louisiana were Petroleum oils, oils from bituminous minerals,... ($5.78B), Light petroleum distillates nes ($4.63B), Copper cathodes and sections of cathodes... ($1.31B), Unroasted Coffee (Non-Decaffeinated) ($906M), and Aluminium unwrought, not alloyed ($823M).

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Imports Dynamics

Fastest Growing Import Origins (Feb 2023 - Feb 2024)
South Korea $113M (123%)
Mexico $68.4M (18.2%)
France $59.5M (381%)
Rapidly Declining Import Origins (Feb 2023 - Feb 2024)
Iraq -$111M (-89.2%)
Canada -$94.8M (-28.8%)
Qatar -$66M (-100%)

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Economic Complexity

Economic Complexity of Louisiana

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Economic Complexity (2023)-0.047

Louisiana ranks 48th out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Louisiana already has a comparative advantage, are led by Sulphur (0.11), Cobalt Oxides and Hydroxides (0.11), Photographic Chemicals (0.11), Epoxides (0.1), and Frozen Bovine Meat (0.092).

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Most Complex Products by PCI

The highest complexity exports of Louisiana according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.77), Lubricating Products (1.68), Nickel Sheets (1.58), Phenols (1.47), Carboxyamide Compounds (1.42), Other Nitrogen Compounds (1.38), Acrylic Polymers (1.3), Petroleum Resins (1.24), Unsaturated Acyclic Monocarboxylic Acids (1.24), and Amino-resins (1.21). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Soybeans (37.19), Oil Seed Flower (28.57), Corn (23.74), Soybean Meal (22.76), and Starch Residue (22.34).

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Product Space

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 Louisiana 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.

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Relatedness Space

This network shows the products most related to the production structure of  Louisiana. These are products that tend to be co-exported with the products that Louisiana exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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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. Bubble size corresponds to exports value by year 2020.

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