Overview In July 2022 Texas exported $42.7B and imported $34.3B, resulting in a positive trade balance of $8.47B. Between July 2021 and July 2022 the exports of Texas have increased by $10.4B (32.2%) from $32.3B to $42.7B, while imports increased by $7.11B (26.2%) from $27.2B to $34.3B.
Trade In July 2022, the top exports of Texas were Crude Petroleum ($10.3B), Refined Petroleum ($7.81B), Petroleum Gas ($4B), Integrated Circuits ($1.34B), and Ethylene Polymers ($1.17B). In July 2022 the top imports of Texas were Crude Petroleum ($4.3B), Computers ($2.95B), Telephones ($2.32B), Refined Petroleum ($1.9B), and Delivery Trucks ($777M).
Destinations In July 2022, Texas exported mostly to Mexico ($12.4B), Canada ($3.45B), Netherlands ($1.92B), China ($1.79B), and Brazil ($1.73B), and imported mostly from Mexico ($12.6B), China ($3.4B), Canada ($2.84B), Vietnam ($1.78B), and Saudi Arabia ($1.09B).
Growth In July 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 July 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%).