Overview In May 2022 Texas exported $44B and imported $33.1B, resulting in a positive trade balance of $10.9B. Between May 2021 and May 2022 the exports of Texas have increased by $13.8B (46%) from $30.1B to $44B, while imports increased by $8.71B (35.7%) from $24.4B to $33.1B.
Trade In May 2022, the top exports of Texas were Crude Petroleum ($10.1B), Refined Petroleum ($7.69B), Petroleum Gas ($5.34B), Integrated Circuits ($1.22B), and Ethylene Polymers ($1.18B). In May 2022 the top imports of Texas were Crude Petroleum ($4.04B), Computers ($2.36B), Telephones ($2.31B), Refined Petroleum ($1.48B), and Delivery Trucks ($855M).
Destinations In May 2022, Texas exported mostly to Mexico ($13.1B), Canada ($3.31B), South Korea ($1.98B), United Kingdom ($1.83B), and China ($1.77B), and imported mostly from Mexico ($12.1B), China ($3.26B), Canada ($2.86B), Vietnam ($1.95B), and Saudi Arabia ($934M).
Growth In May 2022, the increase in Texas's year-by-year exports was explained primarily by an increase in exports to China ($1.11B or 170%), Japan ($308M or 30.7%), and Romania ($182M or 2.02k%), and product exports increase in Petroleum Gas ($878M or 44.2%), Machines and apparatus of a kind... ($297M or 58.3%), and Tanks and Armored vehicles ($186M or 23.7k%). In May 2022, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Japan ($201M or 13.7%), Vietnam ($201M or 26%), and China ($197M or 8.05%), and product imports increase in Telephones ($303M or 21.4%), Cars ($160M or 9.63%), and Jewellery ($145M or 194%).