Overview: In January 2021 Austin, TX exported $10.9M and imported $6.24M, resulting in a positive trade balance of $4.64M. Between January 2020 and January 2021 the exports of Austin, TX have decreased by $-32.3M (-74.8%) from $43.2M to $10.9M, while imports decreased by $-25.7M (-80.5%) from $32M to $6.24M.
Trade: In January 2021, the top exports of Austin, TX were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of Austin, TX were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Austin, TX exported mostly to Mexico ($5.16M), Singapore ($1.14M), Taiwan ($616k), China ($567k), and Germany ($444k), and imported mostly from Mexico ($2.05M), China ($1.59M), Ireland ($1.19M), Brazil ($423k), and Japan ($368k).
Growth: In January 2021, the decrease in Austin, TX's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-882M or -53.2%), and Refined Petroleum ($-668M or -16.5%). In January 2021, the decrease in Austin, TX's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-641M or -63.5%), Ireland ($-631M or -76.8%), and Mexico ($-502M or -5.79%), and product imports decrease in Crude Petroleum ($-995M or -52.5%), Nucleic Acids ($-936M or -83.4%), and Crude Petroleum ($-748M or -34.7%).