Texas tops nation in new trade ranking - 3rd Year In A Row Texas Tops California for High-Tech Exports
Austin Business Journal
February 10, 2016
Susan Saporito, Managing Editor, San Antonio Business Journal
A new U.S. Bureau of Economic Analysis report ranks Texas as the top exporting state in the nation for the 14th consecutive year. The Lone Star state had more than $251 billion in goods exported in 2015.
Gov. Greg Abbott issued a statement following the release of export figures for the entire nation, saying the Texas statistics are another testament to the state’s strengthening economy.
Texas was No. 1 in the U.S. for trade in 2015 with $251 billion in goods exported.
“During my first year as governor, I had the opportunity to lead business development trips abroad and saw firsthand the impact Texas businesses are having across the globe,” he said. “This year I plan to lead more business development missions to bolster our state’s economy and create opportunities for Texas businesses to further compete in the global marketplace.”
The BEA, reporting export data for the entire United States, said that for 2015, the goods and services deficit for the country was $531.5 billion, up $23.2 billion, or 4.6 percent, from 2014. Exports were $2.2 trillion, down $112.9 billion, or 4.8 percent. Imports were $2.8 trillion, down $89.7 billion, or 3.1 percent.
Texas export facts:
▪Texas exported more than $251 billion in goods in 2015.
▪Texas exports alone accounted for more than 16 percent of U.S. goods exported in 2015.
▪For the third year in a row, Texas surpassed California for high-tech exports. Texas exported $6.3 billion more in high-tech goods than California in 2015.