Overview In March 2023 Texas exported $40.6B and imported $32.6B, resulting in a positive trade balance of $8.09B. Between March 2022 and March 2023 the exports of Texas have decreased by $-1.43B (-3.4%) from $42.1B to $40.6B, while imports decreased by $-2B (-5.78%) from $34.6B to $32.6B.
Trade In March 2023, the top exports of Texas were Crude Petroleum ($9.8B), Refined Petroleum ($6.31B), Petroleum Gas ($3.33B), Integrated Circuits ($1.51B), and Ethylene Polymers ($1.01B). In March 2023 the top imports of Texas were Computers ($2.22B), Crude Petroleum ($1.98B), Telephones ($1.92B), Cars ($1.84B), and Refined Petroleum ($1.17B).
Destinations In March 2023, Texas exported mostly to Mexico ($11.8B), Canada ($3.21B), Netherlands ($2.73B), China ($2.66B), and South Korea ($1.49B), and imported mostly from Mexico ($12.9B), Canada ($2.85B), China ($2.64B), Vietnam ($1.29B), and Germany ($999M).
Growth In March 2023, the decrease in Texas's year-by-year exports was explained primarily by an decrease in exports to Romania ($-185M or -97%), Taiwan ($-149M or -16.2%), and Japan ($-105M or -8.25%), and product exports decrease in Tanks and Armored vehicles ($-186M or -100%), Soybeans ($-137M or -94%), and Machines and apparatus of a kind... ($-96M or -11.9%). In March 2023, the decrease in Texas's year-by-year imports was explained primarily by an decrease in imports from Russia ($-125M or -28.2%), Italy ($-115M or -28.9%), and Estonia ($-74.1M or -51%), and product imports decrease in Jewellery ($-162M or -74.7%), Vaccines, blood, antisera, toxins and cultures ($-147M or -73.8%), and Delivery Trucks ($-79.8M or -25%).