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%).