Louisiana sets export record
POSTED: Tuesday, March 13, 2012 - 2:00am
UPDATED: Tuesday, March 13, 2012 - 2:04am
NEW ORLEANS, LA (WDSU) — Louisiana merchandise exports are breaking records. A recently released World Trade Center New Orleans report shows that Louisiana exports totaled $55.12 billion in 2011, compared to $41.35 billion in 2010.
Topping the list of exports are petroleum and coal products ($19 billion), agricultural products ($17 billion), chemicals ($8 billion) and food manufacturing ($4 billion). Achieving this growth requires federal and state support.
"We've seen restoration of some funding and some increase in funding to maintaining our river, and not just our Mississippi River but our inland rivers," says World Trade Center New Orleans spokesman Rob Wilbanks. "It's very, very crucial to the continued economic growth of the United States. And when we talk about how important Louisiana is, we have to remember, we have to keep our water ways and our ports and our harbors maintained."
The export spike is related to the business done with several countries. Percentage of export increase by country: China: 13.1 percent Mexico: 105 percent Japan: 25.5 percent