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Import/Export Price Indexes

Louisiana and Texas: Price Movements of Top Energy Exports and Other Highlights

May 2022

scenery in Louisiana

Texas and Louisiana accounted for $197.5 billion in energy export trade dollar value in 2021. In total, U.S. energy exports advanced 56.8 percent in trade dollar value from 2020 to 2021. Overall fuels and lubricants prices fell 1.3 percent in April. In contrast, the price index for export fuels and lubricants increased 72.8 percent over the past 12 months. Prices for export light oils and other petroleum products and coals and related fuels increased in April. Export prices for fuel oil declined over the same period.

Louisiana & Texas Exports by Trade Dollar Value, 2021

  • With a combined value of $197.5 billion, energy exports from Texas and Louisiana represented 82.4 percent of U.S. energy exports in 2021, up from 81.1 percent in 2020.
  • The trade dollar value of crude petroleum—the largest energy export for Texas and Louisiana—rose 42.2 percent from 2020 to 2021, accounting for around 34.0 percent of 2021 energy exports from the region.
  • Natural gas, light oils and other petroleum products, and fuel oil ranked second, third, and fourth, respectively, for 2021 energy exports by trade dollar value in the region.

U.S. Export Price Indexes: Light Oils and Other Petroleum Products

  • Export prices for light oil and other petroleum products increased 1.2 percent in April.
  • The price index for export light oils advanced 61.2 percent over the past 12 months.
  • The last time prices for export light oils decreased on a 12-month basis was an 8.7-percent drop in January 2021.

U.S. Export Price Indexes: Fuel Oil

  • Export fuel oil prices decreased 0.8 percent in April.
  • The decline in April was the first 1-month drop since the index fell 12.2 percent in December 2021.
  • Fuel oil export prices rose 101.0 percent over the past 12 months.

U.S. Export Price Indexes: Coals and Related Fuels

  • Export coals and related fuels prices rose 31.4 percent in April.
  • The increase in April was the largest 1-month advance since monthly percent changes were first published in January 2020.
  • The price index for export coals and related fuels advanced 140.5 percent from April 2021 to April 2022.

Top Six States Exporting Energy by Trade Dollar Value, 2021

  • Texas was the largest energy exporting state in 2021, accounting for 67.8 percent of U.S. energy exports by trade dollar value. Louisiana ranked second, exporting 14.6 percent of the U.S. total.
  • California and Pennsylvania—the third and fourth largest exporting states—accounted for 1.7 and 1.6 percent, respectively, of total U.S. energy exports in 2021.
  • The dollar value of 2021 energy exports from Louisiana was more than twice the value from the next four states combined.

 

Southwest Information Office • BLSInfoDallas@bls.gov • https://www.bls.gov/regions/southwest/ • 972-850-4800 

 

Last Modified Date: May 25, 2022