Texas is ranked as the number one exporting state for the 11th year in a row, according to 2012 annual trade data released today by the U.S. Department of Commerce.
“The fact that Texas is ranked the nation's top exporter for the 11th year in a row further demonstrates that our strong economic climate provides a broad range of opportunities for businesses to succeed,” Gov. Perry said. “Our longstanding commitment to holding the line on taxes, keeping our workforce strong, and maintaining reasonable regulations and fair courts has led to more than a decade of leading the nation in exports.”
Texas exports for 2012 totaled $265 billion, a 5.4 percent increase from $251 billion in 2011 and outperformed overall U.S. exports, which only grew by 4.3 percent to $1.54 trillion. The state’s top export recipients were Mexico, Canada, China, Brazil, and the Netherlands, which respectively imported $94.8 billion, $23.7 billion, $10.3 billion, $10.0 billion, and $9.5 billion in Texas-manufactured goods. Additionally, Texas’ top exporting industries in 2012 were petroleum and coal products, chemicals, computer and electronic products, non-electrical machinery, and transportation equipment.
Texas was recently named the top state to do business by Area Development magazine, and Business Facilities magazine awarded Texas as the “State of the Year” for the aggressive economic development strategies that have helped attract jobs and investment. Texas governor Rick Perry was awarded the “Governor’s Award 2012” by fDi Magazine for being the most successful in attracting new investments to the state.
Boasting our continued economic success, the governor will travel to California to meet with business leaders across a variety of industries to promote doing business in Texas. He will visit San Francisco, the Silicon Valley, Los Angeles and Orange County, departing Sunday, February 10 and returning Wednesday, February 13. The governor's trip will be paid for by TexasOne - no tax dollars will be used for his travel and accommodations. For more information, visit http://governor.state.tx.us/news/press-release/18139/.
To view the annual trade report, please visit https://www.wisertrade.org/naics/ftbegin .
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