Overview In January 2022 Laredo, TX exported $8.29B and imported $13B, resulting in a negative trade balance of $4.74B. Between January 2021 and January 2022 the exports of Laredo, TX have increased by $769M (10.2%) from $7.52B to $8.29B, while imports increased by $1.64B (14.4%) from $11.4B to $13B.
Trade In January 2022, the top exports of Laredo, TX were Vehicle Parts ($1B), Refined Petroleum ($260M), Combustion Engines ($230M), Ethylene Polymers ($180M), and Reaction and Catalytic Products ($133M). In January 2022 the top imports of Laredo, TX were Vehicle Parts ($1.58B), Cars ($1.02B), Computers ($432M), Insulated Wire ($408M), and Delivery Trucks ($394M).
Destinations In January 2022, Laredo, TX exported mostly to Mexico ($8.28B), Nicaragua ($701k), Costa Rica ($596k), Poland ($435k), and United Arab Emirates ($228k), and imported mostly from Mexico ($12.5B), China ($124M), Japan ($63.8M), France ($52.9M), and Nicaragua ($45.1M).
Growth In January 2022, the increase in Laredo, TX's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($2.5M or 8.22k%), Nicaragua ($1.76M or 19.7k%), and Poland ($243k or 2.49k%), and product exports increase in Combustion Engines ($74M or 28.5%), Office Machine Parts ($52.2M or 271%), and Refined Copper ($51.5M or 95%). In January 2022, the increase in Laredo, TX's year-by-year imports was explained primarily by an increase in imports from Mexico ($982M or 9.81%), Nicaragua ($24.8M or 289%), and China ($16.5M or 19.1%), and product imports increase in Cars ($355M or 47.1%), Refrigerators ($90.4M or 54.9%), and Insulated Wire ($68.5M or 25.1%).