Texas $45B trumps nation in tech exports

TEXAS – Texas has surpassed California for the first time to become the largest tech exporting state in America, according to the TechAmerica Foundation.

Technology exports from Texas increased 7 percent from 2011 to 2012, to total of $45 billion.

Technology exports, such as semiconductors, computer equipment and communications equipment, accounted for 17 percent of all exports from Texas in 2012, significantly higher than the national average of 13 percent.

Texas’ largest trading partner by far is Mexico with $22 billion in tech exports flowing across the border. Second is Canada with $4 billion followed by South Korea with $3 billion.

“The high tech industry is not only growing in Texas, but it is also yielding thousands of high paying jobs in our state,” said U.S. Rep. Joaquin Castro.

Nationally, technology trade in the United States totaled $204 billion in 2012, growing by 1.3 percent or $2.7 billion.

See the full report from TechAmerica.