TexasState 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.
Overview: In January 2021 Texas exported $27.4B and imported $22B, resulting in a positive trade balance of $5.34B. Between January 2020 and January 2021 the exports of Texas have decreased by $-723M (-2.58%) from $28.1B to $27.4B, while imports decreased by $-720M (-3.16%) from $22.7B to $22B.
Trade: In January 2021, the top exports of Texas were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Integrated Circuits ($1.44B), and Ethylene Polymers ($828M). In January 2021 the top imports of Texas were Cars ($1.82B), Telephones ($1.72B), Computers ($1.54B), Crude Petroleum ($1.41B), and Refined Petroleum ($656M).
Destinations: In January 2021, Texas exported mostly to Mexico ($8.53B), Canada ($2.07B), China ($1.76B), South Korea ($1.6B), and Japan ($1.31B), and imported mostly from Mexico ($8.16B), China ($2.65B), Japan ($1.67B), Canada ($1.37B), and Vietnam ($975M).
Growth: In January 2021, the decrease in Texas's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-668M or -16.5%), and Aircraft Parts ($-410M or -51.6%). In January 2021, the decrease in Texas's year-by-year imports was explained primarily by an decrease in imports from Mexico ($-502M or -5.79%), Saudi Arabia ($-182M or -48.6%), and Colombia ($-131M or -40.3%), and product imports decrease in Crude Petroleum ($-748M or -34.7%), Computers ($-418M or -21.4%), and Gas Turbines ($-169M or -50.2%).
EXPORT GROWTH (January 2020 - January 2021): $-723M, (-2.58%)
IMPORT GROWTH (January 2020 - January 2021): $-720M, (-3.16%)
This section shows exports and imports data at subnational level for Texas. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Texas over time.
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.
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).
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).
Texas ranks 22nd out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
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).
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.
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.
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.
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