Louisiana

State in United States

2019
Economic
Complexity
: -0.14, Rank 48 of 53

Jan 2021
Trade
Exports | Imports
: $7.12B | $1.84B, 3 of 54 | 25 of 54

Jan 2021
Country
Destination | Origin
: China | Russia , $1.83B  | $323M

Jan 2021
Product
Exports | Imports
: Soybeans | Refined Petroleum , $2.1B  | $426M

Overview: This page contains the latest international trade data for Louisiana, including export and import data.

Exports: In 2020, United States' Louisiana exported $59.6B, making it the 4th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Louisiana were Soya beans: other than seed, whether... ($12.5B), Light petroleum distillates nes ($9.08B), Natural gas, liquefied ($7.46B), Maize except seed corn ($4.75B), and Petroleum oils, oils from bituminous minerals,... ($4.53B).

Imports: In 2020, United States' Louisiana imported $20.7B, making it the 25th largest importer out of the 53 importers in United States. In 2020 top imports of Louisiana were Petroleum oils, oils from bituminous minerals,... ($4.3B), Light petroleum distillates nes ($3.03B), Coffee, not roasted, not decaffeinated ($693M), Medium Sized Cars ($667M), and Copper cathodes and sections of cathodes... ($510M).

Economic Complexity: In 2019, the highest complexity exports of Louisiana according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.56), Lubricating Products (1.51), Other Nitrogen Compounds (1.44), Acrylic Polymers (1.41), and Petroleum Resins (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Louisiana's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): China, $10.8B

Top Product (2020): Soya beans: other than seed, whether..., $12.5B

In 2020 the top export destinations of Louisiana were China ($10.8B), Mexico ($5.42B), South Korea ($3.67B), Brazil ($2.99B), and Netherlands ($2.84B).

In 2020 the top exports of Louisiana were Soya beans: other than seed, whether... ($12.5B), Light petroleum distillates nes ($9.08B), Natural gas, liquefied ($7.46B), Maize except seed corn ($4.75B), and Petroleum oils, oils from bituminous minerals,... ($4.53B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Russia, $2.61B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $4.3B

In 2020 the top import origins of Louisiana were Russia ($2.61B), Canada ($2.47B), Mexico ($2.18B), Brazil ($1.11B), and South Korea ($989M).

In 2020 the top imports of Louisiana were Petroleum oils, oils from bituminous minerals,... ($4.3B), Light petroleum distillates nes ($3.03B), Coffee, not roasted, not decaffeinated ($693M), Medium Sized Cars ($667M), and Copper cathodes and sections of cathodes... ($510M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Louisiana already has a comparative advantage, are led by Coal Briquettes (0.11), Iron Ore (0.11), Radioactive Chemicals (0.11), Epoxides (0.11), and Molybdenum Ore (0.11).

Most Complex Products by PCI

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The highest complexity exports of Louisiana according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.56), Lubricating Products (1.51), Other Nitrogen Compounds (1.44), Acrylic Polymers (1.41), and Petroleum Resins (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Other Hides and Skins (66.4), Soybeans (44.3), Corn (27.2), Starch Residue (26.7), and Other Organo-Inorganic Compounds (26.4).

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.

Relatedness Space

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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.

Diversification Frontier

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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.