Overview: In January 2021 Hidalgo, Pharr, TX exported $1.05B and imported $2.05B, resulting in a negative trade balance of $1B. Between January 2020 and January 2021 the exports of Hidalgo, Pharr, TX have decreased by $-41.7M (-3.81%) from $1.1B to $1.05B, while imports increased by $29.6M (1.46%) from $2.03B to $2.05B.
Trade: In January 2021, the top exports of Hidalgo, Pharr, 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 Hidalgo, Pharr, TX were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Hidalgo, Pharr, TX exported mostly to Mexico ($1.05B), United Kingdom ($228k), Brazil ($193k), Hong Kong ($137k), and Germany ($123k), and imported mostly from Mexico ($1.94B), China ($49.4M), South Korea ($13.7M), Japan ($13.2M), and Thailand ($5.91M).
Growth: In January 2021, the decrease in Hidalgo, Pharr, TX's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 increase in Hidalgo, Pharr, TX's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 59%), China ($1.79B or 20.1%), and Switzerland ($851M or 229%), and product imports increase in Computers ($1.32B or 78.1%), Other Precious Metal Products ($851M or 2.19k%), and Computers ($792M or 126%).