Louisiana merchandise exports set new record in 2013

Louisiana merchandise exports set new record in 2013
MGN Online
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Tuesday, February 11, 2014 - 1:39pm

The International Trade Administration (ITA) announced Tuesday that new data show Louisiana merchandise exports increased 0.3 percent in 2013 compared to 2012, growing from $62.9 billion to $63.1 billion.

This was a record high export level for the state.

Louisiana’s strong performance in 2013 helped the United States reach an all-time record for exports of U.S. goods and services, reaching $2.3 trillion in 2013 and supporting nearly 10 million American jobs.

“This shows that more and more Louisiana companies are growing their businesses and strengthening our economy by selling their top-quality goods to consumers around the globe,” said U.S. Secretary of Commerce Penny Pritzker.

“Exports continue to be an important driver for both the U.S. and Louisiana economies. This data confirms that President Obama’s call for increasing our exports and ensuring that trade and investment become part of our economy’s DNA is the right course for Louisiana.”

Louisiana’s merchandise export sales in 2013 outpaced the 2012 figures in many top destinations, including: France (+122 percent); Panama (+110 percent); Belgium (+40 percent); Colombia (+35 percent); and Argentina (+26 percent).

Key merchandise export categories include: petroleum products; agricultural products; chemicals; food and kindred products; and machinery manufactures.

“Exporting is not just for big businesses; the vast majority of Louisiana exporters are small and medium-sized firms who are reaching new heights with their export success,” said Donald Van De Werken, Director of the U.S. Commercial Service in New Orleans.

“If your business has a good track record of selling throughout the United States, it’s likely your company could make the leap into selling abroad. Expanding abroad helps companies’ bottom line and supports many jobs here at home.”

For more information about the impact of exports on individual states, including fact sheets for all 50 states, please visit the Trade Policy & Analysis web page at www.trade.gov/mas/ian. 

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