Texas

Overview In January 2024 Texas exported $36.7B and imported $30.4B, resulting in a positive trade balance of $6.3B. Between January 2023 and January 2024 the exports of Texas have increased by $109M (0.3%) from $36.6B to $36.7B, while imports increased by $612M (2.05%) from $29.8B to $30.4B.

Trade In January 2024, the top exports of Texas were Crude Petroleum ($8.91B), Refined Petroleum ($5.67B), Petroleum Gas ($3.14B), Integrated Circuits ($1.41B), and Aircraft Parts ($991M). In January 2024 the top imports of Texas were Cars ($2.69B), Computers ($2.42B), Crude Petroleum ($2.07B), Telephones ($1.1B), and Motor vehicles; parts and accessories (8701... ($891M).

Destinations In January 2024, Texas exported mostly to Mexico ($10.2B), Canada ($3.09B), Netherlands ($2.72B), China ($2.18B), and South Korea ($1.93B), and imported mostly from Mexico ($11.1B), Canada ($3.14B), China ($2.99B), Japan ($1.63B), and Taiwan ($954M).

Growth In January 2024, the increase in Texas's year-by-year exports was explained primarily by an increase in exports to Mexico ($759M or 7.15%), Netherlands ($734M or 89.3%), and Canada ($445M or 17.5%), and product exports increase in Refined Petroleum ($1B or 22%), Crude Petroleum ($877M or 12.4%), and Computers ($168M or 37.7%). In January 2024, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.24B or 12.3%), Canada ($761M or 37.3%), and Taiwan ($304M or 62.3%), and product imports increase in Delivery Trucks ($642M or 268%), Other Electrical Machinery ($321M or 325%), and Other Precious Metal Products ($266M or 3.4k%).