Overview In September 2021 Texas exported $30.9B and imported $27.4B, resulting in a positive trade balance of $3.45B. Between September 2020 and September 2021 the exports of Texas have increased by $8.11B (35.6%) from $22.8B to $30.9B, while imports increased by $6.3B (29.8%) from $21.1B to $27.4B.
Trade In September 2021, the top exports of Texas were Crude Petroleum ($5.19B), Refined Petroleum ($4.24B), Petroleum Gas ($3.75B), Integrated Circuits ($1.14B), and Ethylene Polymers ($859M). In September 2021 the top imports of Texas were Crude Petroleum ($2.48B), Telephones ($1.87B), Computers ($1.68B), Cars ($1.47B), and Refined Petroleum ($1.11B).
Destinations In September 2021, Texas exported mostly to Mexico ($10.3B), Canada ($2.33B), China ($1.48B), South Korea ($1.45B), and Brazil ($1.3B), and imported mostly from Mexico ($9.06B), China ($3.18B), Canada ($2.14B), Japan ($1.52B), and Vietnam ($1.07B).
Growth In September 2021, the increase in Texas's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.27B or 28.4%), Netherlands ($625M or 108%), and India ($572M or 105%), and product exports increase in Petroleum Gas ($2.04B or 120%), Crude Petroleum ($1.98B or 61.9%), and Refined Petroleum ($1.39B or 48.7%). In September 2021, the increase in Texas's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.49B or 19.6%), Canada ($861M or 67.1%), and China ($742M or 30.4%), and product imports increase in Crude Petroleum ($1.35B or 119%), Refined Petroleum ($524M or 89.8%), and Computers ($412M or 32.4%).