Hidalgo, Pharr, TX

Overview In January 2024 Hidalgo, Pharr, TX exported $1.35B and imported $2.45B, resulting in a negative trade balance of $1.1B. Between January 2023 and January 2024 the exports of Hidalgo, Pharr, TX have decreased by $-121M (-8.21%) from $1.47B to $1.35B, while imports increased by $97.2M (4.14%) from $2.35B to $2.45B.

Trade In January 2024, the top exports of Hidalgo, Pharr, TX were Petroleum Gas ($225M), Refined Petroleum ($152M), Pig Meat ($65.9M), Motor vehicles; parts and accessories (8701... ($43.6M), and Insulated Wire ($40.6M). In January 2024 the top imports of Hidalgo, Pharr, TX were Other Fruits ($231M), Tropical Fruits ($171M), Insulated Wire ($127M), Video Displays ($119M), and Electrical Control Boards ($99.1M).

Destinations In January 2024, Hidalgo, Pharr, TX exported mostly to Mexico ($1.35B), China ($315k), United Kingdom ($197k), Guatemala ($98k), and Thailand ($43k), and imported mostly from Mexico ($2.33B), China ($33.8M), Japan ($23.1M), South Korea ($13.1M), and Vietnam ($11.7M).

Growth In January 2024, the decrease in Hidalgo, Pharr, TX's year-by-year exports was explained primarily by an decrease in exports to Mexico ($-3.83M or -0.26%), United Kingdom ($-624k or -87.5%), and China ($-44.8k or -83.7%), and product exports decrease in Petroleum Gas ($-48.4M or -17.6%), Antiknock ($-16.4M or -78.8%), and Electrical Capacitors ($-15.7M or -59.4%). In January 2024, the increase in Hidalgo, Pharr, TX's year-by-year imports was explained primarily by an increase in imports from Mexico ($95.7M or 4.45%), Japan ($17.1M or 993%), and Taiwan ($5.01M or 192%), and product imports increase in Other Electrical Machinery ($31.7M or 153%), Radio Receivers ($29.4M or 78.5%), and Insulated Wire ($20.8M or 21.5%).