Texas Insider Report: AUSTIN Texas For a full decade now Texas has been the nations epicenter for international trade thanks to the continued strength of our state economy and the opportunities created by our business climate" said Gov. Rick Perry upon learning Texas has been ranked the top exporting state in 2011 for the 10th year in a row according to data released by the U.S. Department of Commerce a sign of Texas continued role as a leader in the global marketplace.
Texas top exporting industries in 2011 were petroleum and coal products chemicals computer and electronic products non-electrical machinery and transportation equipment.
We remain committed to the bedrock conservative values of low taxes reasonable regulations and fair courts that attract and keep employers in Texas and we will continue to develop the world-class workforce necessary to meet the demands of any 21st century employer."
Texas exports in 2011 totaled more than $249.8 billion up 20.7 percent from $206.9 billion in 2010 outperforming overall U.S. exports which grew by 15.8 percent in 2011. The states top export recipients were Mexico Canada China Brazil and the Netherlands which respectively imported $86.6 billion $21.9 billion $10.9 billion $9.9 billion and $9.0 billion in Texas-manufactured goods.
In 2011 Site Selection Magazine DCI and Area Development Magazine each ranked Texas as the best business climate.
Additionally Texas won Site Selection Magazines 2010 Governors Cup for the most new and expanded corporate facilities announced over the year. According to USA Today Texas has moved past New York as the nations second largest economy and the Wall Street Journal has credited the states low taxes and employer-friendly environment with helping make Texas the job creation capital of the nation.
Additionally Texas consistently ranks among the top states for Fortune 500 headquarters.
For more information on 2011 export data visit https://www.wisertrade.org/naics/ftbegin.