Laredo, TxDistrict 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.
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).
Fastest Growing Exports Destination (Oct 2019 - Oct 2020)
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).
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.
Laredo, Tx ranks 12th out of the 43 districts in United States according to ECI.
Estimated using exports data.
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).
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.
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.
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.
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