Overview: In January 2021 Galveston, TX exported $287M and imported $205M, resulting in a positive trade balance of $82.1M. Between January 2020 and January 2021 the exports of Galveston, TX have increased by $153M (115%) from $133M to $287M, while imports decreased by $-79M (-27.8%) from $284M to $205M.
Trade: In January 2021, the top exports of Galveston, 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 Galveston, TX were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Galveston, TX exported mostly to Egypt ($48.7M), Mexico ($47.6M), India ($34.2M), Bangladesh ($25.9M), and Brazil ($19.7M), and imported mostly from Germany ($110M), United Kingdom ($12.3M), Guatemala ($10.4M), Sweden ($6.28M), and Austria ($6M).
Growth: In January 2021, the increase in Galveston, 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 ($742M or 188%). In January 2021, the decrease in Galveston, TX's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).