T-info
T-discovery
My
Tendata
Market Analysis
Customer
Development
Competitor
Monitoring
Customer Relationship
Market Insights
11-12-2023
With the nation's longest international border and some of the busiest ports, Texas benefits greatly from global trade. Texas is a major importing state, relying on foreign manufacturers for products, parts and bulk commodities to meet the needs of its manufacturing and trade sectors.
All of this trade is facilitated by a complex network of supply chains. According to the Peterson Institute for International Economics, world trade in intermediates (components needed to produce manufactured goods) contributes almost twice as much to the economy as trade in manufactured goods. This is especially important for the automotive industry. Trade in middleware is a key feature of Texas' relationship with its largest trading partner, Mexico.
International trade expands the market for businesses, fostering competition, productivity, and innovation while lowering costs for consumers. But it is often blamed for stagnant wages, rising inequality, and unemployment, especially in manufacturing.
On the import side, in 2022, Texas imported $38.4 billion, making it the second largest importer in the U.S. out of 53.
In 2022, Texas' top imports were petroleum ($37.1 Billion), stand-alone computer processing units ($25.5 Billion), light petroleum ($13.9 Billion), smartphones ($13.1 Billion), and communications equipment ($11.9 Billion).
In 2023, Texas' largest imports were automobiles, crude oil, telephones, computers, and refined petroleum.
In 2023, Texas imports primarily from Mexico, Canada, China, Japan, and Vietnam.
When you want to find importers in texas in the Tendata system, you can just search for the company name. When you want to find major importers in texas between countries, you can search for company reports from Texas to Mexico, and you can get thousands of company specifics.Tendata provides you with company import/export details, HS code listings, supply chain profiles, partners, partner countries, ports of import/export, and much more using customs data. Tendata facilitates your import and export trade!
Category
Leave Message for Demo Request or Questions
