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Overview This page contains the latest international trade data for Houston-Galveston, TX. In December 2023 Houston-Galveston, TX was the number 1 in total exports and the number 7 in total imports in United States.

Exports In 2023, United States' Houston-galveston, Tx exported $255B, making it the 1st largest exporter out of the 43 exporters in United States. In 2023 the top exports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($94.2B), Petroleum spirit for motor vehicles ($20.7B), Light petroleum distillates nes ($20.4B), Propane, liquefied ($13.6B), and Natural gas, liquefied ($9.04B).

Imports In 2023, United States' Houston-galveston, Tx imported $134B, making it the 7th largest importer out of the 43 importers in United States. In 2023 top imports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($13.2B), Light petroleum distillates nes ($7.77B), Photosensitive devices; assembled photovoltaic modules/panels ($3.97B), Medium Sized Cars ($3.04B), and Electric accumulators: lithium-ion, including separators, whether... ($1.88B).

Economic Complexity In 2023, the highest complexity exports of Houston-galveston, Tx according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.77), Lubricating Products (1.68), Epoxides (1.67), Valves (1.49), Phenols (1.47), Ketones and Quinones (1.43), Organo-Sulfur Compounds (1.41), Other Nitrogen Compounds (1.38), Gaskets (1.38), and Combustion Engines (1.27). 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)Netherlands$24.8B

In 2023 the top export destinations of Houston-galveston, Tx were Netherlands ($24.8B), Mexico ($20.2B), South Korea ($15.5B), China ($14.8B), and United Kingdom ($10.6B).

In 2023 the top exports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($94.2B), Petroleum spirit for motor vehicles ($20.7B), Light petroleum distillates nes ($20.4B), Propane, liquefied ($13.6B), and Natural gas, liquefied ($9.04B).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Netherlands $667M (40.3%)
Canada $285M (90.9%)
Singapore $272M (31%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
United Kingdom -$284M (-21%)
Taiwan -$205M (-20.7%)
Norway -$201M (-54.1%)

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Yearly Imports

Color
Depth
Top Origin (2023)China$17.1B

In 2023 the top import origins of Houston-galveston, Tx were China ($17.1B), Germany ($10B), Mexico ($8.54B), South Korea ($7.4B), and India ($6.26B).

In 2023 the top imports of Houston-galveston, Tx were Petroleum oils, oils from bituminous minerals,... ($13.2B), Light petroleum distillates nes ($7.77B), Photosensitive devices; assembled photovoltaic modules/panels ($3.97B), Medium Sized Cars ($3.04B), and Electric accumulators: lithium-ion, including separators, whether... ($1.88B).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Brazil $237M (56%)
Vietnam $229M (84.9%)
Taiwan $169M (95.7%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
South Korea -$249M (-34.1%)
Iraq -$140M (-81.9%)
Singapore -$117M (-83.3%)

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Economic Complexity

Economic Complexity of Houston-galveston, Tx

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Economic Complexity (2023)0.14

Houston-galveston, Tx ranks 34th out of the 43 districts 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 Houston-galveston, Tx already has a comparative advantage, are led by Photographic Chemicals (0.12), Photo Lab Equipment (0.11), Developed Exposed Photographic Material (0.11), Acrylic Polymers (0.1), and Photographic Film (0.1).

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Most Complex Products by PCI

The highest complexity exports of Houston-galveston, Tx according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.77), Lubricating Products (1.68), Epoxides (1.67), Valves (1.49), Phenols (1.47), Ketones and Quinones (1.43), Organo-Sulfur Compounds (1.41), Other Nitrogen Compounds (1.38), Gaskets (1.38), and Combustion Engines (1.27). 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 (31.55), Ethers (21.27), Acyclic Hydrocarbons (12.35), Other Construction Vehicles (12.28), and Alcohol > 80% ABV (11.04).

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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 Houston-galveston, Tx 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  Houston-galveston, Tx. These are products that tend to be co-exported with the products that Houston-galveston, Tx 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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