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Import/Export Price Indexes

Texas: Price Movements of Top Nonenergy Exports and Other Highlights

December 2024

Photo of the Alamo in Texas

Texas remained the top exporting state in 2023, with a total export trade dollar value of $444.6 billion, 8.8 percent lower than 2022. Export prices for chemical manufacturing, the largest nonenergy export industry from Texas, decreased in November. The export price indexes for computer and electronic product manufacturing and transportation equipment manufacturing increased in November, and prices for machinery manufacturing exports declined over the same period.

Top Six Texas Nonenergy Exports by Trade Dollar Value, 2023

  • The combined value of exports from Texas represented 22.0 percent of the 2023 U.S. total export trade dollar value.
  • Texas accounted for 20.7 percent of the total U.S. export trade dollar value for chemical manufacturing in 2023, ranking first among U.S. states in exports for the industry.
  • The top 6 nonenergy exports from Texas accounted for 80.6 percent of the total trade dollar value of Texas nonenergy exports in 2023.

U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices declined 0.7 percent in November.
  • The price index for chemical manufacturing exports advanced 0.5 percent over the past year.
  • A 2.4-percent increase in prices for other basic inorganic chemical manufacturing led the rise in prices for chemical manufacturing from November 2023 to November 2024.

U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices ticked up 0.1 percent in November.
  • A 0.3-percent advance in computer and peripheral equipment manufacturing prices drove the November rise in prices for computer and electronic product manufacturing.
  • Export computer and electronic product manufacturing prices were unchanged for the 12 months ended November 2024.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • The price index for export transportation equipment manufacturing ticked up 0.1 percent in November.
  • Transportation equipment manufacturing export prices rose 3.4 percent for the 12 months ended November 2024.
  • A 4.2-percent rise in prices for motor vehicle parts manufacturing led the 12-month advance in prices for transportation equipment manufacturing.

U.S. Export Price Indexes: Machinery Manufacturing

  • The price index for export machinery manufacturing edged down 0.1 percent in November.
  • A 0.3-percent decline in prices for agriculture, construction, and mining machinery manufacturing led the November decrease in prices for machinery manufacturing.
  • Export machinery manufacturing prices increased 2.5 percent from November 2023 to November 2024.

 

Southwest Information Office • BLSInfoDallas@bls.gov • https://www.bls.gov/regions/southwest/ • 972-850-4800 

 

Last Modified Date: December 20, 2024