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Commerce dept.: Merchandise exports from Louisiana climbs 2.8 percent to record $65.1B in 2014

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BATON ROUGE, Louisiana — The U.S. Department of Commerce says merchandise exports from Louisiana climbed 2.8 percent to a record $65.1 billion in 2014, and new trade agreements could boost those totals in the coming years.

The World Trade Center in New Orleans says the 2014 gain marked the sixth consecutive year of export growth for the state, up from $63.3 billion in 2013.

Louisiana's principal export markets for 2014 were China, $8.7 billion, up 8.9 percent; Mexico, $7.3 billion, up 14.5 percent; and Canada, $3.3 billion, up 5.6 percent, followed by the Netherlands, Japan, Colombia, France, Brazil, Egypt and Panama.

The World Trade Center tells The Advocate (http://bit.ly/1Agb0re ) Louisiana ranked sixth among U.S. states, the same ranking it held in 2013.

In general, the top 10 exporting states remained the same, with the exception of Washington moving to the top three and pushing New York to No. 4. Of the top 10 states, New York, Florida and Michigan were the only states to show a decrease in exports.

The value of Louisiana's petroleum and coal exports fell by less than 1 percent in 2014, totaling $25.7 billion, but remained Louisiana's top export.

Agricultural products were next at $17.7 billion, with chemicals third at $8.6 billion.

Exports from Louisiana supported an estimated 283,000 U.S. jobs in 2013, the Commerce Department said.


Information from: The Advocate, http://theadvocate.com

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