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Louisiana exports steady despite China dip

3 years 1 month 3 weeks ago November 29, 2013 Nov 29, 2013 Friday, November 29 2013 November 29, 2013 10:45 AM in News
Source: Associated Press

NEW ORLEANS - The World Trade Center of New Orleans says exports through Louisiana are holding steady even though its exports to China fell by one-fifth.

The $43.5 billion dollars in exports through the third quarter of the year put Louisiana eighth in the nation in export value.

The figure is 2 percent higher than the same time last year, although exports to China fell from $5.1 billion to $3.7 billion.

CEO Dominik Knoll tells New Orleans CityBusiness that increases in investment and in major buyers contributed to the sustained growth over the past year. He says machinery and transportation equipment grew faster than in the past, with more buyers abroad in those categories.

Louisiana's principal export markets in the third quarter were Mexico, China and Japan.

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