Texas

Overview In December 2024 Texas exported $37.3B and imported $31.8B, resulting in a positive trade balance of $5.51B. Between December 2023 and December 2024 the exports of Texas have decreased by $-628M (-1.66%) from $37.9B to $37.3B, while imports increased by $2.71B (9.33%) from $29B to $31.8B.

Trade In December 2024, the top exports of Texas were Crude Petroleum ($8.93B), Refined Petroleum ($5.14B), Petroleum Gas ($3.85B), Integrated Circuits ($1.61B), and Ethylene Polymers ($1.03B). In December 2024 the top imports of Texas were Computers ($3.78B), Crude Petroleum ($1.92B), Telephones ($1.58B), Cars ($1.43B), and Delivery Trucks ($1.1B).

Destinations In December 2024, Texas exported mostly to Mexico ($10.7B), Canada ($2.96B), Netherlands ($2.76B), China ($1.87B), and South Korea ($1.7B), and imported mostly from Mexico ($13.1B), China ($3.53B), Canada ($3.18B), Vietnam ($1.15B), and Chinese Taipei ($1.13B).

Growth In December 2024, the decrease in Texas's year-by-year exports was explained primarily by an decrease in exports to Spain ($-353M or -46.4%), China ($-312M or -14.3%), and United Kingdom ($-235M or -16.9%), and product exports decrease in Refined Petroleum ($-528M or -9.3%), Cars ($-140M or -37.3%), and Aircraft parts (gliders, balloons, and powered... ($-124M or -12.5%). In December 2024, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.98B or 17.9%), China ($549M or 18.4%), and Vietnam ($236M or 25.7%), and product imports increase in Computers ($1.36B or 56.3%), Delivery Trucks ($767M or 228%), and Office Machine Parts ($686M or 206%).