Galveston, TX

Overview In January 2024 Galveston, TX exported $279M and imported $512M, resulting in a negative trade balance of $232M. Between January 2023 and January 2024 the exports of Galveston, TX have increased by $70.7M (33.8%) from $209M to $279M, while imports increased by $23.6M (4.83%) from $488M to $512M.

Trade In January 2024, the top exports of Galveston, TX were Alcohol > 80% ABV ($136M), Refined Petroleum ($51M), Crude Petroleum ($21.9M), Potassic Fertilizers ($19.5M), and Other Construction Vehicles ($12.4M). In January 2024 the top imports of Galveston, TX were Large Construction Vehicles ($155M), Cars ($120M), Tractors ($56.6M), Delivery Trucks ($41.4M), and Special purpose motor vehicles ($25.6M).

Destinations In January 2024, Galveston, TX exported mostly to India ($55.4M), Latvia ($34.6M), Bahamas ($32.7M), Brazil ($30.8M), and United Kingdom ($17.1M), and imported mostly from Germany ($194M), Japan ($91.5M), Brazil ($68.5M), United Kingdom ($24M), and France ($18.2M).

Growth In January 2024, the increase in Galveston, TX's year-by-year exports was explained primarily by an increase in exports to Brazil ($15.8M or 45.2%), South Korea ($11.8M or 306%), and Colombia ($8.94M or 229%), and product exports increase in Carbonates ($7.59M or 89.2%), Tractors ($7.33M or 44.1%), and Excavation Machinery ($5.21M or 235%). In January 2024, the increase in Galveston, TX's year-by-year imports was explained primarily by an increase in imports from Germany ($47.9M or 46.5%), Japan ($41.3M or 120%), and Brazil ($40.6M or 103%), and product imports increase in Large Construction Vehicles ($80.6M or 129%), Cars ($24.7M or 58.7%), and Cranes ($21.7M or 458%).