2015-2016 - page 14

LouisianaExport Guide

2015-2016

ouisiana’s2014worldwidemerchandiseexports increased

by2.8percentover2013, according toa reportby the

WorldTradeCenterofNewOrleans.

For the year, Louisiana exports totaled $65.1 billion, com-

pared to $63.3 billion in 2013, and $62.8 billion in 2012.

These numbersmark the sixth consecutive year of export

growth for the state. Louisiana’s principal exportmarkets

for 2014were China ($8.7 billion, up 8.9 percent),Mexico

($7.3 billion, up 14.5 percent), andCanada ($3.3 billion, up

5.6 percent), followed by theNetherlands, Japan, Colombia,

and France.

Roundingout the top10wereBrazil, Egypt, andPanama.

Exports forall 50StatesandPuertoRico, theU.S. Virgin Islands,

and theDistrictofColumbia set aanotherannual record in

2014, totaling$1.62 trillion, a2.8percent increaseover2013.

Louisiana ranked6thamongU.S. states, the same ranking it

held in2013. Ingeneral the top10exporting states remained

the samewith theexceptionofWashingtonmoving to the top

threeandpushingNewYorkout tonumber four.Of the top10

states,NewYork, Florida, andMichiganwere theonly states to

showadecrease inexports.

PetroleumandCoal, Agriculture, andChemicals remain top

Louisianaexport industries. Thevalueof Louisiana’spetroleum

andcoal exports fell by less thanonepercent in2014, totaling

$25.7billion, but remainedLouisiana’s topexport, followedby

Agricultureproducts, andChemicals.

Agricultural productsexperiencedan impressive rebound last

year. In2013Louisianaexportsof agricultural productsde-

creasedby20.3percent from thepreviousyear,while in2014,

exports increasedby14.2percent.OilseedsandGrainsmadeup

the largestpercentageof exportsofAgricultural Products total-

ing$17.7billion.

The largestdecreasewithinLouisiana’s top10 industrieswas

inexportsofMineralsandOres, as thecategory showedanother

yearofdecline fallingby18.9percentover2013.

Louisiana’sexports inPrimaryMetalManufacturing (up46

percent), BeverageandTobaccoProducts (up27.6percent),

FabricatedMetal Products (up24.5percent)andTransportation

Equipment (up18.3percent)all showed strongexport growth

in2014. The top threecountries receivingLouisianaexportsof

PrimaryMetalManufacturinggoodswereChina,Mexico, and

Panama.

Themainexportsunder thecategoryof PrimaryMetalManu-

facturingwereNonferrousMetal (except aluminum), Iron, Steel

andFerroalloy, Alumina, AluminumandProcessing, Foundries,

andSteel Products fromPurchaseSteel. Increasedexports to

Egypt, Colombia, and theNetherlandsLouisianaexports toEgypt

(up79.2percent), Colombia (up48.8percent)and theNeth-

erlands (up22.8percent) showed significant growth in2014,

whencompared to thepreviousyear.

Bycontrast, exports toSingaporedecreasedby43.9percent

in2014, knocking them to the10th largest exportmarket for

Louisiana, fromnumber6 in2013. Louisianaexports toSinga-

pore in2013wereat their largest in the last10years, before

decreasing in2014. The largestdecrease inLouisianaexports to

Singaporecame fromPetroleumandCoal Products; purchases

of this commoditydecreasedby52.7percent in2014. Exportsof

FoodandKindredProducts toSingapore, aswell asComputers

andElectronicProductsalsodiminished.

Louisianaexport growth toEgyptwasprimarilydue to in-

creasedpurchasesof PetroleumandCoal Products (up439.4

percent) in2014,whileexports toColombianotonly increased

in theareasof PetroleumandCoal Productsbut alsoAgricultural

Products,Machinery (except electrical) followedbyTranspor-

tationEquipment. Louisianaexports to theNetherlandsalso

increased substantially in theareasofAgricultural Products,

PrimaryMetalManufacturingandFabricatedMetal Products.

Editor’sNote: Trade dataand charts in this reportwere providedby

theWorldTrade Center ofNewOrleans andWISERTrade.

LouisianaExportsTotaledMoreThan$65Billion in2014

Other 44%

Egypt 3%

Columbia 4%

Panama 3%

France 4%

Brazil 4%

Netherlands 5%

Mexico 11%

Japan 4%

China13%

Canada 5%

Rubber 1%

Other 9%

Animal, Vegetable

Fats, Oils 1%

Misc. Chemicals 2%

Industrial Machinery,

Computers 4%

Organic Chemicals 4%

Food IndustryWaste 5%

Plastics 5%

Oil Seeds, etc. 17%

Cereals 11%

Mineral Fuel,

Oil, etc. 41%

Top10LouisianaExportCommodities