Overview: In January 2021 Louisiana exported $7.12B and imported $1.84B, resulting in a positive trade balance of $5.28B. Between January 2020 and January 2021 the exports of Louisiana have increased by $1.5B (26.8%) from $5.62B to $7.12B, while imports decreased by $-448M (-19.6%) from $2.29B to $1.84B.
Trade: In January 2021, the top exports of Louisiana were Soybeans ($2.1B), Petroleum Gas ($998M), Corn ($794M), Refined Petroleum ($775M), and Crude Petroleum ($505M). In January 2021 the top imports of Louisiana were Refined Petroleum ($426M), Crude Petroleum ($267M), Cars ($58.3M), Potassic Fertilizers ($56.5M), and Coffee ($52.7M).
Destinations: In January 2021, Louisiana exported mostly to China ($1.83B), South Korea ($529M), Japan ($349M), Mexico ($336M), and Netherlands ($323M), and imported mostly from Russia ($323M), Canada ($273M), Brazil ($137M), Mexico ($119M), and South Korea ($106M).
Growth: In January 2021, the increase in Louisiana's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), Spain ($141M or 127%), and India ($138M or 80.6%), and product exports increase in Soybeans ($1B or 90.9%), Corn ($515M or 184%), and Crude Petroleum ($300M or 147%). In January 2021, the decrease in Louisiana's year-by-year imports was explained primarily by an decrease in imports from Canada ($-137M or -33.4%), Mexico ($-136M or -53.4%), and Colombia ($-81.4M or -81.5%), and product imports decrease in Crude Petroleum ($-345M or -56.4%), Refined Petroleum ($-91.8M or -17.7%), and Raw Aluminium ($-30.2M or -51.2%).