Texas exports lead nation; record-breaking 2013Texas exports lead nation; record-breaking 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28572014-10-08T09:29:00Z2014-10-08T00:00:00Z

TEXAS - Texas led the nation in exports last year, selling a record-breaking $279.5 billion worth of goods abroad, according to U.S. Trade Representative Michael Froman.

That marked a 183 percent increase over the Lone Star State's export sales in 2003. It also beat Texas' previous export record of $264.7 billion in 2012.

“More than 1 million Texas jobs are supported by trade,” Froman said. “Our job is to open more markets to exporters. Ninety-five percent of the world's consumers live outside the United States.”

Texas' largest trade partner was Mexico. The state's manufacturers posted $100.9 billion in merchandise sales in Mexico in 2013, representing 36.1 percent of the state's total merchandise exports.

Mexico was followed by Canada at $26.1 billion, Brazil at $10.9 billion, China at $10.8 billion and the Netherlands at $9.5 billion.

The state's largest manufacturing export category was petroleum and coal products, which accounted for $60.6 billion of Texas' total goods exports in 2013. Oil refiners have been helped by cheaper crude oil flowing in from the Eagle Ford Shale and the Permian Basin.

Other top manufacturing exports were electronic products at $48.2 billion, chemicals at $47.9 billion, machinery at $30 billion and transportation equipment at $24.4 billion.

San Antonio Express-News
http://www.expressnews.com/business/local/article/Texas-leads-nation-with-record-export-numbers-5804604.php#/12Read more at {Source}

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