LouisianaState in United States
2020 Economic Complexity : -0.09, Rank 47 of 52
May 2022 Trade Exports | Imports: $9.38B | $3.42B, 3 of 54 | 22 of 54
May 2022 Country Destination | Origin: Mexico | Mexico , $779M | $608M
May 2022 Product Exports | Imports: Natural gas, liquefied | Petroleum oils, oils from bituminous minerals, crude , $2.45B | $733M
Overview This page contains the latest international trade data for Louisiana. In May 2022 Louisiana was the number 4 in total exports and the number 23 in total imports in United States.
Exports In 2021, United States' Louisiana exported $76.8B, making it the 4th largest exporter out of the 53 exporters in United States. In 2021 the top exports of Louisiana were Natural gas, liquefied ($13.8B), Soya beans: other than seed, whether... ($11.8B), Maize except seed corn ($9.79B), Light petroleum distillates nes ($9.29B), and Petroleum oils, oils from bituminous minerals,... ($4.73B).
Imports In 2021, United States' Louisiana imported $30.9B, making it the 23rd largest importer out of the 53 importers in United States. In 2021 top imports of Louisiana were Light petroleum distillates nes ($5.98B), Petroleum oils, oils from bituminous minerals,... ($4.33B), Urea, including aqueous solution in packs... ($1.14B), Copper cathodes and sections of cathodes... ($852M), and Coffee, not roasted, not decaffeinated ($783M).
Economic Complexity In 2020, the highest complexity exports of Louisiana according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.31), Halogenated Hydrocarbons (0.94), Sodium or Potassium Peroxides (0.22), Starch Residue (-0.049), and Petroleum Coke (-0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
May, 2022
Overview In May 2022 Louisiana exported $9.38B and imported $3.42B, resulting in a positive trade balance of $5.96B. Between May 2021 and May 2022 the exports of Louisiana have increased by $3.22B (52.3%) from $6.16B to $9.38B, while imports increased by $1.03B (42.9%) from $2.4B to $3.42B.
Trade In May 2022, the top exports of Louisiana were Petroleum Gas ($2.48B), Refined Petroleum ($2.3B), Corn ($1.14B), Soybeans ($702M), and Crude Petroleum ($268M). In May 2022 the top imports of Louisiana were Crude Petroleum ($733M), Refined Petroleum ($670M), Raw Aluminium ($211M), Nitrogenous Fertilizers ($173M), and Refined Copper ($162M).
Destinations In May 2022, Louisiana exported mostly to Mexico ($779M), Chile ($651M), China ($614M), Brazil ($531M), and Colombia ($525M), and imported mostly from Mexico ($608M), Canada ($330M), Saudi Arabia ($224M), Chile ($163M), and China ($161M).
Growth In May 2022, the increase in Louisiana's year-by-year exports was explained primarily by an increase in exports to China ($1.44B or 362%), India ($188M or 154%), and South Korea ($126M or 31.3%), and product exports increase in Soybeans ($1B or 91%), Corn ($513M or 182%), and Crude Petroleum ($302M or 149%). In May 2022, the increase in Louisiana's year-by-year imports was explained primarily by an increase in imports from Brazil ($79M or 137%), Kazakhstan ($31.4M or 187%), and Saudi Arabia ($27.7M or 174%), and product imports increase in Iron Ore ($30.7M or 153%), Acyclic Alcohols ($29.2M or 214%), and Potassic Fertilizers ($18.1M or 47%).
EXPORT GROWTH (May 2021 - May 2022): $3.22B, (52.3%)
IMPORT GROWTH (May 2021 - May 2022): $1.03B, (42.9%)
This section shows exports and imports data at subnational level for Louisiana. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Louisiana over time.
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Top Destination (2021): China, $12.3B
Top Product (2021): Natural gas, liquefied, $13.8B
In 2021 the top export destinations of Louisiana were China ($12.3B), Mexico ($7.27B), South Korea ($5.08B), Japan ($4.46B), and Brazil ($3.72B).
In 2021 the top exports of Louisiana were Natural gas, liquefied ($13.8B), Soya beans: other than seed, whether... ($11.8B), Maize except seed corn ($9.79B), Light petroleum distillates nes ($9.29B), and Petroleum oils, oils from bituminous minerals,... ($4.73B).
Top Origin (2021): Russia, $5.48B
Top Import (2021): Light petroleum distillates nes, $5.98B
In 2021 the top import origins of Louisiana were Russia ($5.48B), Mexico ($3.03B), Canada ($2.97B), Brazil ($1.6B), and China ($1.38B).
In 2021 the top imports of Louisiana were Light petroleum distillates nes ($5.98B), Petroleum oils, oils from bituminous minerals,... ($4.33B), Urea, including aqueous solution in packs... ($1.14B), Copper cathodes and sections of cathodes... ($852M), and Coffee, not roasted, not decaffeinated ($783M).
Economic Complexity (2021): -0.09
Louisiana ranks 47th 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.
The top export opportunities according to the relatedness level, without considering those products were Louisiana already has a comparative advantage, are led by Ammonia (0.11), Epoxides (0.1), Sulphur (0.1), Radioactive Chemicals (0.1), and Photographic Paper (0.1).
The highest complexity exports of Louisiana according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.31), Halogenated Hydrocarbons (0.94), Sodium or Potassium Peroxides (0.22), Starch Residue (-0.049), and Petroleum Coke (-0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Corn (61.1), Soybeans (45.7), Starch Residue (28.8), Soybean Meal (22.1), and Oil Seed Flower (19.5).
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.
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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