Overview In November 2022 Texas exported $39.1B and imported $30.8B, resulting in a positive trade balance of $8.33B. Between November 2021 and November 2022 the exports of Texas have increased by $4.24B (12.2%) from $34.9B to $39.1B, while imports increased by $1.07B (3.62%) from $29.7B to $30.8B.
Trade In November 2022, the top exports of Texas were Crude Petroleum ($9.48B), Refined Petroleum ($6.28B), Petroleum Gas ($3.23B), Integrated Circuits ($1.55B), and Ethylene Polymers ($987M). In November 2022 the top imports of Texas were Computers ($2.75B), Crude Petroleum ($2.24B), Telephones ($1.78B), Cars ($1.61B), and Refined Petroleum ($1.08B).
Destinations In November 2022, Texas exported mostly to Mexico ($11.1B), Canada ($2.99B), China ($2.14B), South Korea ($2.04B), and India ($1.73B), and imported mostly from Mexico ($11.7B), China ($2.83B), Canada ($2.77B), Vietnam ($1.37B), and Malaysia ($905M).
Growth In November 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 November 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%).