Houston-galveston, Tx

District in Texas, state of United States

Exports (2019): $151B, Rnk 1/43

Top Destination (2019): $14.6B, Mexico

Top Export (2019): $41B, Petroleum oils, oils from bituminous minerals,...

Imports (2019): $84.7B, Rnk 9/43

Top Origin (2019): $10.3B, China

Top Import (2019): $13.4B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.16, Rnk 31 / 43

Overview: This page contains the latest international trade data for Houston-Galveston, TX, including export and import data.

Exports: In 2019, United States' Houston-galveston, Tx exported $151B, making it the 1st largest exporter out of the 43 exporters in United States. In 2019 the top exports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($41B), Petroleum spirit for motor vehicles ($15.8B), Light petroleum distillates nes ($15.5B), Propane, liquefied ($8.86B), and Ethylene polymers; in primary forms, ethylene-alpha-olefin... ($2.2B).

Imports: In 2019, United States' Houston-galveston, Tx imported $84.7B, making it the 9th largest importer out of the 43 importers in United States. In 2019 top imports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($13.4B), Light petroleum distillates nes ($6.21B), Medium Sized Cars ($2.8B), Petroleum spirit for motor vehicles ($1.9B), and Commodities not specified according to kind ($1.74B).

Economic Complexity: In 2019, the highest complexity exports of Houston-galveston, Tx according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Acrylic Polymers (1.61), Valves (1.48), Lubricating Products (1.47), and Interchangeable Tool Parts (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Mexico, $14.6B

Top Product (2019): Petroleum oils, oils from bituminous minerals,..., $41B

In 2019 the top export destinations of Houston-galveston, Tx were Mexico ($14.6B), Brazil ($11.7B), Netherlands ($10.4B), South Korea ($9.75B), and United Kingdom ($6.65B).

In 2019 the top exports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($41B), Petroleum spirit for motor vehicles ($15.8B), Light petroleum distillates nes ($15.5B), Propane, liquefied ($8.86B), and Ethylene polymers; in primary forms, ethylene-alpha-olefin... ($2.2B).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): China, $10.3B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $13.4B

In 2019 the top import origins of Houston-galveston, Tx were China ($10.3B), Germany ($7.09B), Mexico ($7.02B), South Korea ($3.75B), and Italy ($3.63B).

In 2019 the top imports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($13.4B), Light petroleum distillates nes ($6.21B), Medium Sized Cars ($2.8B), Petroleum spirit for motor vehicles ($1.9B), and Commodities not specified according to kind ($1.74B).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Houston-Galveston, TX throughout time.

This section shows forecasts for total exports and imports from Houston-Galveston, TX. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Houston-galveston, Tx ranks 31st out of the 43 districts in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Houston-galveston, Tx already has a comparative advantage, are led by Photographic Paper (0.16), Halides (0.15), Silicone (0.15), Photographic Film (0.15), and Photographic Plates (0.15).

Most Complex Products by PCI

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The highest complexity exports of Houston-galveston, Tx according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Acrylic Polymers (1.61), Valves (1.48), Lubricating Products (1.47), and Interchangeable Tool Parts (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Nitrile Compounds (24.1), Sorghum (24), Explosive Ammunition (19.6), Ethers (16.4), and Other Construction Vehicles (14.5).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Houston-galveston, Tx is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Houston-galveston, Tx. These are products that tend to be co-exported with the products that Houston-galveston, Tx exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.