Overview: In January 2021 Freeport, TX exported $1.05B and imported $159M, resulting in a positive trade balance of $894M. Between January 2020 and January 2021 the exports of Freeport, TX have increased by $259M (32.6%) from $794M to $1.05B, while imports decreased by $-153M (-49.1%) from $312M to $159M.
Trade: In January 2021, the top exports of Freeport, 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 Freeport, TX were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Freeport, TX exported mostly to Japan ($247M), China ($95.9M), India ($70.4M), South Korea ($56.9M), and United Kingdom ($54.6M), and imported mostly from Mexico ($51.2M), South Korea ($42.2M), Japan ($25.8M), China ($8.84M), and Italy ($8.14M).
Growth: In January 2021, the increase in Freeport, TX's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the decrease in Freeport, TX's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).