Houston-galveston, Tx

District in Texas, State of United States

2019
Economic
Complexity
: 0.097, Rank 35 of 39

Jan 2021
Trade
Exports | Imports
: $12.9B | $6.21B, 1 of 43 | 9 of 42

Jan 2021
Country
Destination | Origin
: China | China , $1.07B  | $850M

Jan 2021
Product
Exports | Imports
: Crude Petroleum | Crude Petroleum , $3.51B  | $793M

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

Exports: In 2020, United States' Houston-galveston, Tx exported $129B, making it the 1st largest exporter out of the 43 exporters in United States. In 2020 the top exports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($35.5B), Light petroleum distillates nes ($11.1B), Petroleum spirit for motor vehicles ($11B), Propane, liquefied ($7.92B), and Natural gas, liquefied ($4.35B).

Imports: In 2020, United States' Houston-galveston, Tx imported $67.3B, making it the 10th largest importer out of the 43 importers in United States. In 2020 top imports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($8.73B), Light petroleum distillates nes ($4.19B), Medium Sized Cars ($2.1B), Commodities not specified according to kind ($1.44B), and Mixed odoriferous substances - food &... ($1.01B).

Economic Complexity: In 2019, the highest complexity exports of Houston-galveston, Tx according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Esters (1.85), Interchangeable Tool Parts (1.56), Other Organo-Inorganic Compounds (1.56), and Lubricating Products (1.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Houston-Galveston, TX's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): China, $10.1B

Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $35.5B

In 2020 the top export destinations of Houston-galveston, Tx were China ($10.1B), Mexico ($9.3B), Brazil ($9.11B), Netherlands ($8.38B), and South Korea ($6.52B).

In 2020 the top exports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($35.5B), Light petroleum distillates nes ($11.1B), Petroleum spirit for motor vehicles ($11B), Propane, liquefied ($7.92B), and Natural gas, liquefied ($4.35B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Depth

Top Origin (2020): China, $9.12B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $8.73B

In 2020 the top import origins of Houston-galveston, Tx were China ($9.12B), Germany ($5.75B), Mexico ($5.21B), South Korea ($3.02B), and Italy ($2.98B).

In 2020 the top imports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($8.73B), Light petroleum distillates nes ($4.19B), Medium Sized Cars ($2.1B), Commodities not specified according to kind ($1.44B), and Mixed odoriferous substances - food &... ($1.01B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Houston-galveston, Tx ranks 35th out of the 43 districts in United States according to ECI.

Estimated using exports data.

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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 Aircraft Launch Gear (0.17), Photographic Paper (0.16), Halides (0.16), Photographic Film (0.16), and Silicone (0.16).

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 (1.93), Other Esters (1.85), Interchangeable Tool Parts (1.56), Other Organo-Inorganic Compounds (1.56), and Lubricating Products (1.51). 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 Sorghum (30.3), Pig and Poultry Fat (25.8), Nitrile Compounds (22.9), Ethers (17), and Explosive Ammunition (15.7).

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.