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Overview This page contains the latest international trade data for Texas. In November 2023 Texas was the number 1 in total exports and the number 2 in total imports in United States.

Exports In 2022, United States' Texas exported $486B, making it the 1st largest exporter out of the 53 exporters in United States. In 2022 the top exports of Texas were Petroleum oils, oils from bituminous minerals,... ($108B), Light petroleum distillates nes ($42.2B), Petroleum spirit for motor vehicles ($38.6B), Propane, liquefied ($22.1B), and Natural gas, liquefied ($12B).

Imports In 2022, United States' Texas imported $384B, making it the 2nd largest importer out of the 53 importers in United States. In 2022 top imports of Texas were Petroleum oils, oils from bituminous minerals,... ($37.1B), Standalone Computer Processing Units (excluding specific... ($25.5B), Light petroleum distillates nes ($13.9B), Smartphones ($13.1B), and Communication apparatus (excluding telephone sets or... ($11.9B).

Economic Complexity In 2022, the highest complexity exports of Texas according to the product complexity index (PCI) are Blank Audio Media (1.91), Interchangeable Tool Parts (1.74), Epoxides (1.7), Lubricating Products (1.65), Phenols (1.56), Plastic Coated Textile Fabric (1.56), Petroleum Resins (1.53), Valves (1.42), Other Nickel Products (1.36), and Organo-Sulfur Compounds (1.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)Mexico$144B

In 2022 the top export destinations of Texas were Mexico ($144B), Canada ($38.2B), China ($22B), South Korea ($21.7B), and Netherlands ($19.9B).

In 2022 the top exports of Texas were Petroleum oils, oils from bituminous minerals,... ($108B), Light petroleum distillates nes ($42.2B), Petroleum spirit for motor vehicles ($38.6B), Propane, liquefied ($22.1B), and Natural gas, liquefied ($12B).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
Netherlands $415M (26.2%)
Spain $269M (47%)
Denmark $249M (2.06k%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
Mexico -$1.19B (-10.7%)
India -$1.1B (-63.5%)
Singapore -$307M (-25.1%)

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Yearly Imports

Color
Depth
Top Origin (2022)Mexico$141B

In 2022 the top import origins of Texas were Mexico ($141B), China ($38.5B), Canada ($32.9B), Vietnam ($20.8B), and Japan ($11.2B).

In 2022 the top imports of Texas were Petroleum oils, oils from bituminous minerals,... ($37.1B), Standalone Computer Processing Units (excluding specific... ($25.5B), Light petroleum distillates nes ($13.9B), Smartphones ($13.1B), and Communication apparatus (excluding telephone sets or... ($11.9B).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Japan $1.08B (146%)
Canada $679M (24.6%)
Taiwan $145M (20.6%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
Malaysia -$394M (-43.6%)
China -$295M (-10.4%)
Vietnam -$266M (-19.4%)

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Economic Complexity

Economic Complexity of Texas

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Economic Complexity (2022)0.2

Texas ranks 33rd out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Texas already has a comparative advantage, are led by Photographic Chemicals (0.16), Artificial Filament Tow (0.15), Developed Exposed Photographic Material (0.15), Photo Lab Equipment (0.15), and Photographic Film (0.15).

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Most Complex Products by PCI

The highest complexity exports of Texas according to the product complexity index (PCI) are Blank Audio Media (1.91), Interchangeable Tool Parts (1.74), Epoxides (1.7), Lubricating Products (1.65), Phenols (1.56), Plastic Coated Textile Fabric (1.56), Petroleum Resins (1.53), Valves (1.42), Other Nickel Products (1.36), and Organo-Sulfur Compounds (1.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Sorghum (15.35), Ethers (12.49), Raw Cotton (9.84), Nitrile Compounds (9.47), and Acyclic Hydrocarbons (9.33).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Texas is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  Texas. These are products that tend to be co-exported with the products that Texas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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