LouisianaState 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.
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%).
EXPORT GROWTH (January 2020 - January 2021): $1.5B, (26.8%)
IMPORT GROWTH (January 2020 - January 2021): $-448M, (-19.6%)
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.
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.
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).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
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).
Fastest Growing Import Origins (Jan 2020 - Jan 2021)
Louisiana ranks 48th out of the 53 states and territories in United States according to ECI.
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 Coal Briquettes (0.11), Iron Ore (0.11), Radioactive Chemicals (0.11), Epoxides (0.11), and Molybdenum Ore (0.11).
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.
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.
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.
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