Overview In December 2022 Texas exported $37.5B and imported $29.8B, resulting in a positive trade balance of $7.77B. Between December 2021 and December 2022 the exports of Texas have increased by $1.65B (4.59%) from $35.9B to $37.5B, while imports increased by $521M (1.78%) from $29.2B to $29.8B.
Trade In December 2022, the top exports of Texas were Crude Petroleum ($8.54B), Refined Petroleum ($6.32B), Petroleum Gas ($3.3B), Integrated Circuits ($1.46B), and Ethylene Polymers ($965M). In December 2022 the top imports of Texas were Computers ($2.42B), Crude Petroleum ($2.38B), Cars ($1.62B), Telephones ($1.61B), and Refined Petroleum ($1.11B).
Destinations In December 2022, Texas exported mostly to Mexico ($10.7B), Canada ($2.74B), Netherlands ($1.85B), China ($1.64B), and South Korea ($1.61B), and imported mostly from Mexico ($11B), Canada ($2.75B), China ($2.55B), Vietnam ($1.19B), and Germany ($953M).
Growth In December 2022, the increase in Texas's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.09B or 24.5%), Singapore ($911M or 188%), and France ($694M or 260%), and product exports increase in Crude Petroleum ($3.09B or 77.8%), Refined Petroleum ($1.25B or 37.8%), and Petroleum Gas ($1.25B or 43.9%). In December 2022, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.88B or 23.1%), Vietnam ($1.03B or 107%), and China ($764M or 29%), and product imports increase in Crude Petroleum ($1.41B or 100%), Telephones ($1.03B or 59.6%), and Computers ($550M or 35.8%).