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Import/Export Price Indexes
Bureau of Labor Statistics > Import/Export Price Indexes > Home

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

May 2023

scenery in Louisiana

Texas and Louisiana accounted for $315.1 billion in energy export trade dollar value in 2022. U.S. energy exports advanced 57.5 percent in trade dollar value from 2021 to 2022. Overall fuels and lubricants prices ticked up 0.1 percent in April and fell 22.3 percent over the past 12 months. Export prices for crude petroleum and light oils and other petroleum products also increased in April. In contrast, the export price index for fuel oil declined in April.

Louisiana & Texas Exports by Trade Dollar Value, 2022

  • With a combined value of $315.1 billion, energy exports from Texas and Louisiana represented 83.2 percent of U.S. energy exports in 2022, up from 82.3 percent in 2021.
  • The trade dollar value of crude petroleum—the largest energy export for Texas and Louisiana—rose 71.3 percent from 2021 to 2022, accounting for 36.5 percent of 2022 energy exports from the region.
  • Louisiana and Texas exported $63.9 billion of fuel oil in 2022, accounting for 80.8 percent of total U.S. fuel oil exports by trade dollar value.
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U.S. Export Price Indexes: Crude Petroleum

  • Export crude petroleum prices advanced 10.0 percent in April.
  • The 1-month rise in export crude petroleum prices is the largest monthly increase since the index rose 19.7 percent in March 2022.
  • Prices for export crude petroleum declined 24.9 percent from April 2022 to April 2023.
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U.S. Export Price Indexes: Fuel Oil

  • Export fuel oil prices decreased 6.7 percent in April.
  • Fuel oil export prices declined 26.4 percent over the past 12 months.
  • The 12-month decline in export fuel oil prices was the largest over-the-year decrease since a 26.7-percent drop for the year ended January 2021.
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U.S. Export Price Indexes: Light Oils and Other Petroleum Products

  • Export prices for light oils and other petroleum products increased 3.8 percent in April.
  • The rise in prices for light oils and other petroleum products in April was the first monthly advance since the index increased 3.9 percent in February.
  • The price index for export light oils and other petroleum products declined 12.2 percent over the past 12 months.
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Top Six States Exporting Energy by Trade Dollar Value, 2022

  • Texas was the largest energy exporting state in 2022, accounting for 64.4 percent of U.S. energy exports by trade dollar value. Louisiana ranked second, exporting 18.9 percent of the U.S. total.
  • The dollar value of 2022 energy exports from Louisiana was more than three times the value from the next four states combined.
  • California and Virginia—the third and fourth largest exporting states—accounted for 1.7 and 1.6 percent, respectively, of total U.S. energy exports in 2022.
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Southwest Information Office • BLSInfoDallas@bls.gov • https://www.bls.gov/regions/southwest/ • 972-850-4800 

 

Last Modified Date: May 24, 2023