Texas Exports Set New Record
The United States Secretary of Commerce reported that the U.S. set a new record of exports in 2013 at $2.3 trillion. Sixteen states contributed to this new record by generating an increased number of exports from previous years. Texas topped the list by exporting $279.7 in merchandise – more than a $100 billion lead over California, the second highest exporter.
The substantial increase in exports is a lead contributor to Texas’ economic growth, with Mexico and Canada comprising its largest trade markets. Several metropolitan areas in the state helped contribute to this growth. The Dallas-Fort Worth area had $27.8 billion in exports in 2012, the second largest recorded in the state. Austin, the state’s fifth largest exporter, sold $9 billion in merchandise abroad.
The increase in exports has led to economic and employment successes at the local level, signifying a growth in participating Texas businesses and increased job availability for manufacturing workers.
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