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Import/Export Price Indexes

Texas: Price Movements of Top Nonenergy Exports and Other Highlights

November 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 October. The export price indexes for computer and electronic product manufacturing, transportation equipment manufacturing, and machinery manufacturing advanced 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 0.2 percent in October.
  • A 1.3-percent decrease in prices for other basic inorganic chemical manufacturing led the drop in prices for chemical manufacturing in October.
  • The price index for chemical manufacturing exports advanced 0.8 percent over the past year.

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

  • Computer and electronic product manufacturing export prices ticked up 0.1 percent in October.
  • Export computer and electronic product manufacturing prices decreased 0.4 percent for the 12 months ended October 2024.
  • A 1.6-percent decline in computer and peripheral equipment manufacturing prices drove the 12-month drop in prices for computer and electronic product manufacturing.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • The price index for export transportation equipment manufacturing increased 0.4 percent in October.
  • A 1.1-percent rise in prices for motor vehicle manufacturing led the October advance in prices for transportation equipment manufacturing.
  • Transportation equipment manufacturing export prices rose 3.7 percent for the 12 months ended October 2024.

U.S. Export Price Indexes: Machinery Manufacturing

  • The price index for export machinery manufacturing advanced 0.4 percent in October.
  • Export machinery manufacturing prices increased 2.3 percent from October 2023 to October 2024.
  • A 2.7-percent advance in prices for agriculture, construction, and mining machinery manufacturing contributed to the 12-month rise in prices for machinery manufacturing.

 

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

 

Last Modified Date: November 25, 2024