Texas

State in United States

2019
Economic
Complexity
: 0.33, Rank 22 of 53

Jan 2021
Trade
Exports | Imports
: $27.4B | $22B, 1 of 54 | 2 of 54

Jan 2021
Country
Destination | Origin
: Mexico | Mexico , $8.53B  | $8.16B

Jan 2021
Product
Exports | Imports
: Crude Petroleum | Cars , $4.06B  | $1.82B

Overview: This page contains the latest international trade data for Texas, including export and import data.

Exports: In 2020, United States' Texas exported $279B, making it the 1st largest exporter out of the 53 exporters in United States. In 2020 the top exports of Texas were Petroleum oils, oils from bituminous minerals,... ($43.3B), Light petroleum distillates nes ($18.3B), Petroleum spirit for motor vehicles ($17B), Electronic integrated circuits: processors and controllers,... ($10.5B), and Propane, liquefied ($9.37B).

Imports: In 2020, United States' Texas imported $248B, making it the 2nd largest importer out of the 53 importers in United States. In 2020 top imports of Texas were Petroleum oils, oils from bituminous minerals,... ($16.2B), Units of automatic data processing machines:... ($13.8B), Communication apparatus (excluding telephone sets or... ($8.94B), Telephones for cellular networks or for... ($8.74B), and Medium Sized Cars ($8.32B).

Economic Complexity: In 2019, the highest complexity exports of Texas according to the product complexity index (PCI) are Other Esters (1.85), Iron Fasteners (1.81), Oscilloscopes (1.77), Blank Audio Media (1.74), and Metal Pickling Preparations (1.71). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Texas's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Mexico, $89B

Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $43.3B

In 2020 the top export destinations of Texas were Mexico ($89B), Canada ($23.2B), China ($17.5B), South Korea ($12.5B), and Brazil ($10.1B).

In 2020 the top exports of Texas were Petroleum oils, oils from bituminous minerals,... ($43.3B), Light petroleum distillates nes ($18.3B), Petroleum spirit for motor vehicles ($17B), Electronic integrated circuits: processors and controllers,... ($10.5B), and Propane, liquefied ($9.37B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Mexico, $88.7B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $16.2B

In 2020 the top import origins of Texas were Mexico ($88.7B), China ($28.5B), Japan ($20.3B), Canada ($15.2B), and Vietnam ($11.1B).

In 2020 the top imports of Texas were Petroleum oils, oils from bituminous minerals,... ($16.2B), Units of automatic data processing machines:... ($13.8B), Communication apparatus (excluding telephone sets or... ($8.94B), Telephones for cellular networks or for... ($8.74B), and Medium Sized Cars ($8.32B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Texas ranks 22nd out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Texas already has a comparative advantage, are led by Halides (0.22), Developed Exposed Photographic Material (0.22), Photographic Film (0.22), Aircraft Launch Gear (0.21), and Artificial Filament Tow (0.21).

Most Complex Products by PCI

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The highest complexity exports of Texas according to the product complexity index (PCI) are Other Esters (1.85), Iron Fasteners (1.81), Oscilloscopes (1.77), Blank Audio Media (1.74), and Metal Pickling Preparations (1.71). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Pig and Poultry Fat (12.6), Nitrile Compounds (10.7), Raw Cotton (10.3), Ethers (9.74), and Sorghum (9.6).

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.

Relatedness Space

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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.

Diversification Frontier

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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.