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Houston exports at a glanceHouston exports at a glancehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=39112014-06-16T08:09:00Z2014-06-16T07:00:00Z

HOUSTON - In May, the Greater Houston Partnership (GHP) released Houston’s Next Boom: Exporting Innovation.

Here are key findings of the study underwritten by HSBC:

- The massive investment in chemical plants and liquid natural gas (LNG) export terminals underway on the Texas Gulf Coast, and the opening up of Mexico’s oil production to Houston businesses could add 55,185 jobs to the region’s economy, with a 15 percent increase in exports.

- The opening of Mexico’s oil and gas industry to foreign investment will allow Houston to export two innovations pioneered there — deepwater drilling and hydraulic fracturing.

- Exports of LNG and petrochemicals are more likely to drive export growth in the near future due to innovations in horizontal drilling and hydraulic fracturing.

- Over the past ten years, 19,000 jobs have been supported by foreign direct investment (FDI) totaling $7.4 billion. Most FDI comes from the UK and Europe, however, almost 20 percent comes from Asia, Africa, and South America.

- Trading patterns have shifted: Mexico is now Houston’s largest trading partner.

Houston's Top Five Trading Partners – 2013 Combined Exports and Imports
Country Value
(in billions)
Mexico $28.36
Venezuela $15.17
Brazil $13.89
Saudi Arabia $13.71
China $13.49


For the full report, please see Houston Economy at a Glance June 2014 (PDF) under Market Overview in Houston Market Data Sources.

Greater Houston Partnership
Houston-The Woodlands-Sugar Land
Economy
http://www.houston.org/pdf/research/quickview/economy_at_a_glance.pdfRead more at {Source}

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