[StBernard] Louisiana Exports Break Record in 2006 with $23.5 Billion

Westley Annis westley at da-parish.com
Wed Feb 14 23:02:39 EST 2007


LOUISIANA EXPORTS BREAK RECORD IN 2006 WITH $23.5 BILLION, RISING 22 PERCENT
OVER PRIOR YEAR

Louisiana's worldwide merchandise exports, which were slowed in 2005 by
Hurricanes Katrina and Rita, hit an all-time record of $23.5 billion in
2006, an increase of 22.2 percent in value, according to a report issued
today by the World Trade Center of New Orleans. The state's previous export
high was in 2004 with $19.9 billion of shipments abroad; in 2005 they
reached $19.2 billion despite the storms.

Agricultural products, chemicals, petroleum and coal, processed foods, and
transportation equipment were Louisiana's top five export sectors in 2006,
all of which reflected strong gains. The state's principal export markets
were Japan, China, Mexico, Canada, and the Netherlands.

The WTC report was generated by the World Institute of Strategic Economic
Research (WISER) from U.S. Census Bureau data. It covers the exports of both
Louisiana originating products and some major commingled bulk commodities
(especially grain and coal) produced in other states that are shipped abroad
from Louisiana's ports and recorded as Louisiana exports because of the
difficulty of identifying the actual states of origin.

Export shipments of agricultural products through Louisiana's lower
Mississippi River ports - which account for over 50 percent of U.S. grain
exports - were especially affected by the storms and the temporary closure
of the ship channel in 2005. However, agricultural exports increased 27.1
percent to $9.1 billion in 2006, returning to pre-Katrina levels in both
value and volume.

"Louisiana's strong export performance reflected a remarkable surge in trade
for the entire state ," said Larry Collins, Director of International
Services with Louisiana Economic Development. "The outlook for global
commerce and continued Louisiana growth is very promising."

After agricultural products, Louisiana's largest exports in 2006 were
chemicals ($5.1 billion, a 9.3 percent increase), petroleum and coal
products ($3.9 billion, a 41.6 percent increase), processed foods ($2.2
billion, a 21.0 percent increase), and transportation equipment ($711
million, a 35.1 percent increase).

"We are seeing companies all over the state increasing their sales to all
parts of the world," said Donald van de Werken, Director of the New Orleans
Export Assistance Center. "The opportunities for Louisiana companies to do
business abroad have never been better."



Japan was the number one market for Louisiana exports in 2007 with $2.50
billion (a 23.9 percent increase over 2005), followed by China ($2.21
billion), Mexico ($2.19 billion), Canada ($1.79 billion), and the
Netherlands ($1.13 billion).

"In addition to exporting, the potential for Louisiana companies and our
ports for importing needed products and services and attracting value-adding
investments during the post-Katrina construction boom is unprecedented,"
said Eugene Schreiber, Managing Director of the World Trade Center. He cited
especially the opportunities for modular and prefabricated housing, building
materials, construction equipment, and environmental and telecommunications
technologies. "We need to remember that the Mississippi River and our ports
always have been and always will be our greatest asset, and we need to find
more ways to take even greater advantage of them in the future," he added.

Among all states, Louisiana ranked 12th, just behind, Massachusetts,
Pennsylvania, and New Jersey. Texas, California, and New York continued to
be the top three exporting states. Total U.S. exports in 2007 were $1.04
trillion, a 14.7 percent increase over 2005.

The following three charts summarize the data reported above.

Trade reports that provide information on 32 industry categories of
Louisiana exports (NAICS <http://www.census.gov/epcd/www/naics.html> ) and
97 commodities (HS <http://www.census.gov/foreign-trade/schedules/b/> ) to
more than 200 countries worldwide, as well as export totals of other U.S.
states, are available on the WTC's website by clicking the links below.

* Louisiana Exports by Country
<http://www.wtcno.org/tradestats/country.htm> (NAICS)
* Louisiana Exports by Industry
<http://www.wtcno.org/tradestats/industry-naics.htm> (NAICS)
* Louisiana Exports by Commodity
<http://www.wtcno.org/tradestats/industry-hs.htm> (HS)
* U.S. Exports by State
<http://www.wtcno.org/tradestats/staterankings.htm> (NAICS)

Louisiana Exports by Country
(US $, NAICS Database)

Description ANNUAL 2005 ANNUAL 2006 % Change
TOTAL ALL COUNTRIES 19,231,807,078 23,503,359,105 22.2
1 JAPAN 2,019,352,376 2,501,688,045 23.9
2 CHINA 1,896,002,903 2,213,091,928 16.7
3 MEXICO 2,212,424,212 2,187,464,598 -1.1
4 CANADA 1,557,470,345 1,787,714,289 14.8
5 NETHERLANDS 631,810,307 1,126,581,073 78.3
6 SOUTH KOREA 537,167,763 834,739,417 55.4
7 BELGIUM 470,703,113 658,921,248 40.0
8 EGYPT 549,391,191 632,788,119 15.2
9 COLOMBIA 543,192,602 630,393,791 16.1
10 BRAZIL 349,754,996 464,001,415 32.7

Louisiana Exports by Industry
(US $, NAICS Database)

Description ANNUAL 2005 ANNUAL 2006 % Change
TOTAL ALL INDUSTRIES 19,231,807,078 23,503,359,105 22.2
1 AGRICULTURAL PRODUCTS 7,126,160,704 9,056,753,595 27.1
2 CHEMICALS 4,690,996,960 5,125,834,849 9.3
3 PETROLEUM AND COAL PRODUCTS 2,763,519,956 3,913,945,337
41.6
4 FOOD AND KINDRED PRODUCTS 1,822,115,846 2,204,879,149
21.0
5 TRANSPORTATION EQUIPMENT 526,466,285 711,086,665
35.1
6 MACHINERY, EXCEPT ELECTRICAL 660,447,049 648,488,175
-1.8
7 PRIMARY METAL MANUFACTURING 344,977,296 375,454,330 8.8

8 PAPER 305,034,168 273,612,074 -10.3
9 FABRICATED METAL PRODUCTS, NESOI 139,973,856 176,538,012
26.1
10 COMPUTER AND ELECTRONIC PRODUCTS 95,036,212 151,263,198
59.2

U.S. Exports by State
(US $, NAICS Database)

Description ANNUAL 2005 ANNUAL 2006 % Change
TOTAL ALL STATES 904,379,818,171 1,037,142,972,794
14.7
1 TEXAS 128,761,036,151 150,888,054,964 17.2
2 CALIFORNIA 116,818,585,165 127,746,135,340 9.4

3 NEW YORK 50,492,176,404 57,369,299,166 13.6
4 WASHINGTON 37,948,360,874 53,074,909,007 39.9
5 ILLINOIS 35,868,406,183 42,084,595,133 17.3
6 MICHIGAN 37,584,052,274 40,405,378,487 7.5
7 FLORIDA 33,377,054,012 38,544,528,174 15.5
8 OHIO 34,800,926,215 37,832,693,465 8.7
9 NEW JERSEY 21,080,304,895 27,001,734,586 28.1
10 PENNSYLVANIA 22,270,841,318 26,333,930,898 18.2
11 MASSACHUSETTS 22,042,806,091 24,047,035,294 9.1
12 LOUISIANA 19,231,807,078 23,503,359,105 22.2

Data from U.S. Census Bureau, Foreign Trade Division provided by World
Institute for Strategic Economic Research (WISER <http://www.wisertrade.org>
)

All data Origin of Movement Series





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