Texas

Overview In August 2024 Texas exported $39.2B and imported $34.5B, resulting in a positive trade balance of $4.66B. Between August 2023 and August 2024 the exports of Texas have increased by $1.14B (3.01%) from $38.1B to $39.2B, while imports increased by $881M (2.62%) from $33.7B to $34.5B.

Trade In August 2024, the top exports of Texas were Crude Petroleum ($9.2B), Refined Petroleum ($6.27B), Petroleum Gas ($2.92B), Integrated Circuits ($1.22B), and Aircraft Parts ($1.2B). In August 2024 the top imports of Texas were Computers ($4.26B), Crude Petroleum ($2.18B), Cars ($1.95B), Telephones ($1.59B), and Delivery Trucks ($1.29B).

Destinations In August 2024, Texas exported mostly to Mexico ($10.8B), Canada ($3.29B), Netherlands ($3.04B), South Korea ($2.18B), and China ($1.7B), and imported mostly from Mexico ($14.1B), Canada ($3.3B), China ($3.21B), Chinese Taipei ($1.73B), and Vietnam ($1.14B).

Growth In August 2024, the increase in Texas's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.09B or 55.7%), United Kingdom ($482M or 65.1%), and Colombia ($351M or 86.2%), and product exports increase in Refined Petroleum ($367M or 6.21%), Office Machine Parts ($300M or 56.8%), and Aircraft Parts ($284M or 31.1%). In August 2024, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.32B or 10.3%), Chinese Taipei ($1.02B or 145%), and China ($262M or 8.88%), and product imports increase in Computers ($2.12B or 99.7%), Office Machine Parts ($702M or 201%), and Delivery Trucks ($444M or 52.3%).