Overview: In January 2021 Laredo, TX exported $7.52B and imported $11.4B, resulting in a negative trade balance of $3.87B. Between January 2020 and January 2021 the exports of Laredo, TX have decreased by $-149M (-1.95%) from $7.67B to $7.52B, while imports increased by $1.03B (9.97%) from $10.4B to $11.4B.
Trade: In January 2021, the top exports of Laredo, 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 Laredo, TX were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Laredo, TX exported mostly to Mexico ($7.51B), United Arab Emirates ($2.53M), Nicaragua ($1.77M), Sweden ($804k), and Montserrat ($415k), and imported mostly from Mexico ($11B), China ($103M), France ($45.2M), Nicaragua ($33.4M), and South Korea ($27.6M).
Growth: In January 2021, the decrease in Laredo, TX's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Laredo, 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%).