Overview In July 2021 Texas exported $32.3B and imported $27.2B, resulting in a positive trade balance of $5.15B. Between July 2020 and July 2021 the exports of Texas have increased by $9.95B (44.5%) from $22.4B to $32.3B, while imports increased by $5.71B (26.6%) from $21.5B to $27.2B.
Trade In July 2021, the top exports of Texas were Crude Petroleum ($5.3B), Refined Petroleum ($4.74B), Petroleum Gas ($3.65B), Integrated Circuits ($1.4B), and Machines and apparatus of a kind... ($938M). In July 2021 the top imports of Texas were Crude Petroleum ($2.39B), Cars ($2.12B), Computers ($1.82B), Telephones ($1.64B), and Refined Petroleum ($1.19B).
Destinations In July 2021, Texas exported mostly to Mexico ($10.4B), Canada ($2.43B), South Korea ($1.97B), China ($1.78B), and Japan ($1.3B), and imported mostly from Mexico ($9.4B), China ($2.85B), Japan ($2.13B), Canada ($1.87B), and South Korea ($944M).
Growth In July 2021, the increase in Texas's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.84B or 37.6%), South Korea ($981M or 98.8%), and India ($725M or 205%), and product exports increase in Petroleum Gas ($2.36B or 183%), Refined Petroleum ($2.14B or 82.4%), and Crude Petroleum ($1.9B or 55.8%). In July 2021, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.56B or 19.9%), Japan ($855M or 67%), and Canada ($659M or 54.5%), and product imports increase in Crude Petroleum ($1B or 71.9%), Cars ($791M or 59.5%), and Refined Petroleum ($757M or 174%).