La. exports jump 3.8 percent during 1Q

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News,Business

NEW ORLEANS (AP) — Louisiana's global exports increased by 3.8 percent in the first quarter compared with the same period in 2013. That's according to figures released Tuesday by the World Trade Center of New Orleans.

At nearly $17.1 billion, the value of those Louisiana exports was the sixth-largest in the nation, behind Texas, California, New York, Washington and Illinois.

At $2.58 billion, an increase of 29.26 percent over first-quarter 2013 purchases, China remained the biggest buyer of Louisiana's exports, which includes goods that originate in and pass through the state.

The New Orleans Advocate reports (http://bit.ly/1koiZyV) Mexico was Louisiana's second-biggest customer at $1.4 billion, but that total was 24.1 percent less than Mexico's purchases a year ago.

Colombia boosted its business with Louisiana by 81.56 percent to more than $819 million — a total that catapulted that country 10 spots into third place in the span of one year.

The next seven largest buyers of Louisiana exports were the Netherlands, Japan, Canada, Panama, Egypt, Germany and France.

At $6.12 billion, an increase of 5.82 percent, petroleum and coal products remained Louisiana's top export.

Agricultural products remained the state's second-largest export, with a 20.45 percent increase to $5.53 billion.

Despite a decrease of 5.41 percent, chemicals remained Louisiana's third-largest export at $2.02 billion.

The state's next four largest exports were food and kindred products, $1.53 billion; machinery, except electrical, $463.96 million; primary metal manufacturing, $300.12 million; and minerals and ores, $204.6 million.

Rounding out the top 10 Louisiana exports were fabricated metal products, $183.86 million; beverages and tobacco products, $182.28 million; and transportation equipment, $150.11 million.

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Information from: The New Orleans Advocate, http://www.neworleansadvocate.com

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