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Texas: Exports, Jobs, and Foreign Investment
By: TexasBusiness.com Posted: Friday, December 9, 2011 4:28 pm
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Exports Sustain Thousands of Texas Businesses
A total of 25,656 companies exported from Texas locations in 2009. Of those, 23,792 (93 percent) were small and medium-sized enterprises with fewer than 500 employees.
Small and medium-sized firms generated over one-third (34 percent) of Texas’ total exports of merchandise in 2009.
Foreign Investment Creates Jobs in Texas
In 2009, foreign-controlled companies employed 409,500 Texas workers. Major sources of foreign investment in Texas in 2009 included the United Kingdom, France, Germany, and the Netherlands.
Foreign investment in Texas was responsible for 4.7 percent of the state's total private-industry employment in 2009.
Texas Depends on World Markets
Texas's export shipments of merchandise in 2010 totaled $207.0 billion.
The state's largest market was Mexico. Texas posted merchandise exports of $72.6 billion to Mexico in 2010, 35 percent of the state’s total merchandise exports. Mexico was followed by Canada ($18.8 billion), China ($10.3 billion), Brazil ($7.2 billion), and Korea ($6.4 billion).
The state's largest merchandise export category is computers and electronic products, which accounted for $39.2 billion of Texas's total merchandise exports in 2010. Other top merchandise exports are chemicals manufactures ($38.9 billion), petroleum and coal products ($33.1 billion), machinery manufactures ($26.4 billion), and transportation equipment ($18.7 billion).
Texas' Metropolitan Exports
Ten metropolitan areas in Texas exported over $1 billion in merchandise in 2009. The leading metropolitan area in exporting was Houston-Sugar Land-Baytown with $65.8 billion in merchandise exports in 2009. This area represented 52.0 percent of Texas' exports, and ranked as the second largest metro area exporter nationally. Other major metropolitan areas in Texas that exported in 2009 included Dallas-Fort Worth-Arlington ($19.9 billion), El Paso ($7.7 billion), Austin-Round Rock ($6.0 billion), San Antonio ($4.4 billion), Laredo ($4.4 billion), McAllen-Edinburg-Mission ($3.7 billion), Brownsville-Harlingen ($3.4 billion), Beaumont-Port Arthur ($2.3 billion), and Corpus Christi ($1.7 billion). |
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The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Freedom Communication sells off 6 Texas newspapers; Mexico's peso falls against US dollar; Patterson, Combs F1 spat unresolved; Colorado Community Bank sold to Texas owner; Southwest takes cautious approach, deferring plane orders; Aquarena Springs makes way for restoration of Spring Lake; Two Austin companies raise a combined $15.6 million; For Sale: Major Player in Fight Against Coal Company Bows Out; The Practice Piano That Made Van Cliburn Perfect; H-E-B shelved route as logistics costs rose; Did Amazon deal to settle dispute over taxes mess with Texas law?; Animal chiropractor stakes claim in DFW; Three Texas winemakers open 4.0 Cellars; Carroll Shelby, Car Builder Who Added Muscle to American Racing, Dies at 89; American Airlines Considers Change in Oldest Jet Livery; British rocker Phil Collins touring Texas to talk about Alamo book; All-Terrain Vehicle Company Moves To Sherman; American Airlines to overhaul premium seats; Dallas-based Hilltop to acquire PlainsCapital; The frequent fliers who flew too much; Hawker Beechcraft announces first flight of 400 XPR in Texas; Rumor: New Microsoft Xbox Console Being Manufactured in Texas; Company asks court to reinstate $459 million judgment;Company named for Green Ridge street eyes bid for Avon; Dallas Museum Simmers in a Neighbor’s Glare; Dallas pipeline company set to acquire Sunoco; Northwest Texas Suing Insurance Company for Millions Austin pair planning to offer barbecue, country music to international fans of F1; State’s largest fishery, near Wichita Falls, can’t raise fish without water; Trampoline sports park coming to Frisco; Bloomingdale’s Outlet opens at the Shops at Park Lane; Knapp Medical Center sale halted; Source: North Texas, UT-San Antonio To Conference USA; West Texas Wildfires Burn Again; Texas Business School Teaching Door-to-Door Sales; Firms at War Over $10 Million Contingent Fee in Patent Suit; Lubbock pet store set to leave mall after 40 years; owner blames animal rights intervention; Title fight fallout: El Paso's reputation sullied after boxing snub; Calpine to add 550 MW in Texas as reserve shrinks; Amazon, State Settle Sales Tax Fight by Ross Ramsey; Texas Army Bases Go Green, but Challenges Remain; Latham & Watkins to Represent UT in Racial Preference Case; Experts: State universities can do better at turning research into revenue; El Paso officials denounce Chavez-Lee fight cancellation, damage to city's reputation; Hobby lobby: Dueling airlines' political operations take off; and more. Full Story » |
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| According to physicist Bryan Greene there are infinite numbers of Texas, infinite numbers of Texas exactly the same, and infinite numbers of Texas with slight to radical variations. So how come you live in this one? Full Story » |
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