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Counting the Texan COVID-19 cost for supply chains as spread continues

China 2441 Cons. Discr. - Autos 884 Coronavirus 307 Energy - Conventional 363 Energy - Crude Oil 250 Energy - Natural Gas 118 Energy - Refined Oil 175 Industrials - Capital Goods 413 Info Tech - Tech Hardware 565 Mexico 683 U.S. 4312

Texas, along with other U.S. states, has paused the reopening of the state’s economy in response to the further spread of COVID-19. So far deeper industrial lockdowns with implications for supply chains are not being contemplated, though that could change. International trade activity in Texas dropped 33.4% lower in April compared to a year earlier with exports down 31.4% and imports off by 35.6% . Both represented a faster rate of decline than the national average. That’s in part due to the state’s high reliance on oil and gas products in its export mix at 38.3% of total exports in the ...

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