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Overview This page contains the latest international trade data for Texas. In September 2024 Texas was the number 1 in total exports and the number 2 in total imports in United States.

Exports In 2023, United States' Texas exported $486B, making it the 1st largest exporter out of the 53 exporters in United States. In 2023 the top exports of Texas were Crude Petroleum Oils ($104B), Light petroleum distillates nes ($34.4B), Petroleum spirit for motor vehicles ($33.1B), Propane, liquefied ($17.8B), and Processor-Controller Integrated Circuits ($11.6B).

Imports In 2023, United States' Texas imported $384B, making it the 2nd largest importer out of the 53 importers in United States. In 2023 top imports of Texas were Crude Petroleum Oils ($26.6B), Standalone Computer Processors (Excl. Specific Models) ($20.7B), Medium Sized Cars ($15.8B), Light petroleum distillates nes ($10.7B), and Commodities not specified according to kind ($10.6B).

Economic Complexity In 2023, the highest complexity exports of Texas according to the product complexity index (PCI) are Blank Audio Media (1.91), Lubricating Products (1.68), Epoxides (1.67), Other Nitrogen Compounds (1.38), Gaskets (1.38), Other Nickel Products (1.31), Telephones (1.24), Unsaturated Acyclic Monocarboxylic Acids (1.24), Amine Compounds (1.1), and Other Vinyl Polymers (1.09). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Mexico$130B
Top Product (2023)Crude Petroleum Oils$104B

In 2023 the top export destinations of Texas were Mexico ($130B), Canada ($35.9B), Netherlands ($26.6B), China ($26.5B), and South Korea ($21.1B).

In 2023 the top exports of Texas were Crude Petroleum Oils ($104B), Light petroleum distillates nes ($34.4B), Petroleum spirit for motor vehicles ($33.1B), Propane, liquefied ($17.8B), and Processor-Controller Integrated Circuits ($11.6B).

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Exports Dynamics

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)
United Kingdom $358M (50%)
France $335M (61.2%)
Brazil $198M (22.8%)
Rapidly Declining Export Origins (Sep 2023 - Sep 2024)
Mexico -$1.1B (-9.84%)
China -$479M (-20.6%)
South Korea -$329M (-15.2%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mexico$143B
Top Import (2023)Crude Petroleum Oils$26.6B

In 2023 the top import origins of Texas were Mexico ($143B), Canada ($37B), China ($32.7B), Japan ($18B), and Vietnam ($16.1B).

In 2023 the top imports of Texas were Crude Petroleum Oils ($26.6B), Standalone Computer Processors (Excl. Specific Models) ($20.7B), Medium Sized Cars ($15.8B), Light petroleum distillates nes ($10.7B), and Commodities not specified according to kind ($10.6B).

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Imports Dynamics

Fastest Growing Import Origins (Sep 2023 - Sep 2024)
Mexico $2.92B (25.4%)
China $514M (18.2%)
Chinese Taipei $344M (40%)
Rapidly Declining Import Origins (Sep 2023 - Sep 2024)
Japan -$948M (-54.2%)
South Korea -$239M (-24.4%)
India -$224M (-27.5%)

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Economic Complexity

Economic Complexity of Texas

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Economic Complexity (2023)0.36

Texas ranks 22nd out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Texas already has a comparative advantage, are led by Photographic Chemicals (0.17), Developed Exposed Photographic Material (0.17), Photo Lab Equipment (0.17), Artificial Filament Tow (0.17), and Photographic Film (0.16).

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Most Complex Products by PCI

The highest complexity exports of Texas according to the product complexity index (PCI) are Blank Audio Media (1.91), Lubricating Products (1.68), Epoxides (1.67), Other Nitrogen Compounds (1.38), Gaskets (1.38), Other Nickel Products (1.31), Telephones (1.24), Unsaturated Acyclic Monocarboxylic Acids (1.24), Amine Compounds (1.1), and Other Vinyl Polymers (1.09). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Sorghum (15.31), Ethers (13.56), Acyclic Hydrocarbons (11.46), Antiknock (7.37), and Aircraft Parts (7.13).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Texas is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  Texas. These are products that tend to be co-exported with the products that Texas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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