Texas Leads In Export Trade In 2021 Due To Unique Factors
31 Aug 2021
At mid-year 2021, Texas leads the nation in export trade — with $171.9 billion as of June 2021. This should come as no surprise to anyone who knows that Texas has been the nation’s No. 1 state for exports for the past 19 years.
But did you know that Texas export trade, as of June 2021, exceeds the $165.2 billion sum of the next three largest states combined? California came in second with export trade of $86.1 billion; New York had $42.7 billion; and Louisiana had $36.3 billion, according to the U.S. Commerce Department’s Bureau of Economic Analysis in a report released Aug. 5.
Texas increased its export trade by more than 60% from June 2020 and significantly exceeded the 2020 year to date trend by more than 25%. The United States as a whole saw an increase in the month export trade of more than 40% and exceeded the 2020 year to date trend by more than 22% from June 2020.