Morgan City, LA

Overview In January 2024 Morgan City, LA exported $147M and imported $193M, resulting in a negative trade balance of $45.9M. Between January 2023 and January 2024 the exports of Morgan City, LA have decreased by $-160M (-52%) from $307M to $147M, while imports increased by $76.6M (65.8%) from $116M to $193M.

Trade In January 2024, the top exports of Morgan City, LA were Crude Petroleum ($142M), Passenger and Cargo Ships ($1.62M), Surveying Equipment ($1.11M), Excavation Machinery ($865k), and Combustion Engines ($448k). In January 2024 the top imports of Morgan City, LA were Crude Petroleum ($183M), Commodities not elsewhere specified ($4.94M), Surveying Equipment ($1.26M), Ink ($970k), and Broadcasting Accessories ($394k).

Destinations In January 2024, Morgan City, LA exported mostly to China ($142M), Panama ($1.91M), Nigeria ($1.62M), Norway ($842k), and British Virgin Islands ($815k), and imported mostly from Guyana ($78M), Canada ($55.3M), Mexico ($49.9M), Norway ($5.99M), and China ($1.08M).

Growth In January 2024, the decrease in Morgan City, LA's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-2.16M or -93.8%), and product exports decrease in Refined Petroleum ($-6.57M or -99.7%), Excavation Machinery ($-1.34M or -82.4%), and Railway Cargo Containers ($-405k or -77.4%). In January 2024, the increase in Morgan City, LA's year-by-year imports was explained primarily by an increase in imports from Trinidad and Tobago ($30.6M or 1.17k%), China ($1.64M or 37.7%), and United Kingdom ($1.29M or 638%), and product imports increase in Crude Petroleum ($84.9M or 373%), Industrial Printers ($1.59M or 180%), and Electrical Transformers ($809k or 34.1k%).