Overview In June 2022 Texas exported $43.6B and imported $34.3B, resulting in a positive trade balance of $9.28B. Between June 2021 and June 2022 the exports of Texas have increased by $11.9B (37.7%) from $31.6B to $43.6B, while imports increased by $7.3B (27.1%) from $27B to $34.3B.
Trade In June 2022, the top exports of Texas were Crude Petroleum ($10.3B), Refined Petroleum ($7.54B), Petroleum Gas ($5.24B), Integrated Circuits ($1.26B), and Ethylene Polymers ($1.09B). In June 2022 the top imports of Texas were Crude Petroleum ($3.98B), Computers ($2.77B), Telephones ($2.47B), Refined Petroleum ($1.89B), and Integrated Circuits ($1.18B).
Destinations In June 2022, Texas exported mostly to Mexico ($12.5B), Canada ($3.73B), South Korea ($2.41B), Netherlands ($1.78B), and China ($1.67B), and imported mostly from Mexico ($12.2B), China ($3.48B), Canada ($3.1B), Vietnam ($2.14B), and Saudi Arabia ($1.26B).
Growth In June 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 June 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%).