Laredo, Tx

District in Texas, state of United States

Exports (2019): $127B, Rnk 4/43

Top Destination (2019): $127B, Mexico

Top Export (2019): $4.43B, Engines, diesel, for motor vehicles

Imports (2019): $197B, Rnk 4/43

Top Origin (2019): $189B, Mexico

Top Import (2019): $9.25B, Medium Sized Cars

Economic Complexity (2019): 0.43, Rnk 12 / 43

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

Exports: In 2019, United States' Laredo, Tx exported $127B, making it the 4th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Laredo, Tx were Engines, diesel, for motor vehicles ($4.43B), Light petroleum distillates nes ($3.72B), Natural gas in gaseous state ($3.17B), Motor vehicle parts nes ($2.48B), and Parts and accessories of bodies nes... ($2.43B).

Imports: In 2019, United States' Laredo, Tx imported $197B, making it the 4th largest importer out of the 43 importers in United States. In 2019 top imports of Laredo, Tx were Medium Sized Cars ($9.25B), Road tractors for semi-trailers (truck tractors) ($8.37B), Spark ignition engine trucks weighing <... ($8.3B), Small Sized Cars ($5.24B), and Diesel powered trucks weighing < 5... ($4.7B).

Economic Complexity: In 2019, the highest complexity exports of Laredo, Tx according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Machinery Having Individual Functions (2.02), Photographic Film (1.89), Metal Lathes (1.86), and Silicone (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): Mexico, $127B

Top Product (2019): Engines, diesel, for motor vehicles, $4.43B

In 2019 the top export destinations of Laredo, Tx were Mexico ($127B), Guatemala ($110M), Netherlands ($69.2M), Argentina ($38.4M), and Sweden ($37.8M).

In 2019 the top exports of Laredo, Tx were Engines, diesel, for motor vehicles ($4.43B), Light petroleum distillates nes ($3.72B), Natural gas in gaseous state ($3.17B), Motor vehicle parts nes ($2.48B), and Parts and accessories of bodies nes... ($2.43B).

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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Value
Depth
Year

Top Origin (2019): Mexico, $189B

Top Import (2019): Medium Sized Cars, $9.25B

In 2019 the top import origins of Laredo, Tx were Mexico ($189B), China ($3.13B), France ($886M), Japan ($676M), and Germany ($467M).

In 2019 the top imports of Laredo, Tx were Medium Sized Cars ($9.25B), Road tractors for semi-trailers (truck tractors) ($8.37B), Spark ignition engine trucks weighing <... ($8.3B), Small Sized Cars ($5.24B), and Diesel powered trucks weighing < 5... ($4.7B).

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 Laredo, TX throughout time.

This section shows forecasts for total exports and imports from Laredo, 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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Laredo, Tx ranks 12th 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 Laredo, Tx already has a comparative advantage, are led by Halides (0.45), Developed Exposed Photographic Material (0.44), Artificial Filament Tow (0.43), Glass Working Machines (0.43), and X-Ray Equipment (0.42).

Most Complex Products by PCI

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The highest complexity exports of Laredo, Tx according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Machinery Having Individual Functions (2.02), Photographic Film (1.89), Metal Lathes (1.86), and Silicone (1.81). 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 Precious Metal Compounds (13.1), Combustion Engines (12.3), Aluminium Pipes (10.6), Corrugated Paper (10.4), and Sorghum (10.3).

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 Laredo, 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  Laredo, Tx. These are products that tend to be co-exported with the products that Laredo, 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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Depth
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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.