Louisiana exports steady despite China dip - FOX 8 WVUE New Orleans News, Weather, Sports

Louisiana exports steady despite China dip

Updated:

 

NEW ORLEANS (AP) - 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.

Information from: New Orleans CityBusiness

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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