Texas. Wide Open For Business In the past 4 years, Texas Exports have increased over 19 percent Texas Exports in 2007 $168 billion Texas Exports rose.

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Presentation transcript:

Texas. Wide Open For Business In the past 4 years, Texas Exports have increased over 19 percent Texas Exports in 2007 $168 billion Texas Exports rose $72.7 billion from That is 76.3 percent increase. Source:All statistical data within presentation are drawn from the USDOC

Texas. Wide Open For Business In 2007 Texas exported to 221 foreign destinations. Largest markets: Mexico $56 billion (33 percent) Canada $16.8 billion China $ 8.3 billion Other top markets included: South Korea, Netherlands, Taiwan, Singapore, Brazil, Japan, and United Kingdom

Texas. Wide Open For Business Texas Exports to Global Regions in 2007: Asia$35 billion Europe$26 billion Latin America & Carib. $19.5 billion Middle East$6.4 billion Africa$6.7 billion

Texas. Wide Open For Business Chemical manufactures make up 20.8 percent of Texas' exports Leading Texas Export categories: Computers & electronic products ($34 billion) Machinery manufactures ($25 billion) Transportation equipment ($16 billion) Petroleum and coal products ($15 billion) Electronic Equipment., Appliances & Parts (7 billion)

Texas. Wide Open For Business A total of 21,983 companies exported goods from Texas locations in Of those, 92 percent were small and medium-sized enterprises (SMEs) with fewer than 500 employees. SMEs generated 27 percent of Texas's total exports of merchandise in 2006.

2007 Exports from Texas to Eastern Europe

Export Growth numbers are in thousands ($ USD) Item Total992,631976,9271,177,6601,379,7382,245,1283,244, _Machinery Manufactures539,820469,070449,040548,266646,2201,066, _Transportation Equipment55,27938,77983,675105,561537,842992, _Computers & Electronic Prod. 165,397160,268239,803292,215401,552454, _Chemical Manufactures54,91199,76696,581139,775208,754262,954

Top exporting states to Eastern Europe Top Exporting States to Eastern Europe numbers are in thousands ($ USD) State U.S. Total6,599,2927,113,5019,099,23410,985,57613,769,01119,362,325 Texas992,631976,9271,177,6601,379,7382,245,1283,244,198 California892,115775,1101,291,2761,134,2331,157,6781,394,463 Washington356,710637,346573,061450,083640,0991,311,806 New York376,569425,268563,623718,361910,0091,306,458 Illinois308,675410,408524,019573,638758,4141,078,276

2007 Exports from Texas to Western Europe

Export Growth numbers are in thousands ($ USD) Item Total10,646,29411,172,96613,553,65714,291,18218,445,53222,665, _Chemical Manufactures2,795,5152,993,1183,910,9673,966,0355,458,3086,958, _Computers & Electronic Prod. 2,625,5022,731,9832,928,3953,290,1994,293,9444,725, _Petroleum & Coal Products349,481275,1671,022,9631,029,5592,008,1702,827, _Machinery Manufactures1,656,3561,608,7371,832,3541,969,5072,299,4592,643,582

Top exporting states to Western Europe Top Exporting States to Western Europe numbers are in thousands ($ USD) State U.S. Total157,080,201164,899,088184,041,998200,182,453231,766,007267,122,474 California19,731,80120,437,98823,309,02124,265,72125,772,01728,867,551 New York11,092,84713,135,45812,896,54715,188,99218,402,52323,680,016 Texas10,646,29411,172,96613,553,65714,291,18218,445,53222,665,938 Illinois6,234,0306,339,5627,409,9978,740,59910,471,43212,501,338 Washington8,843,3727,844,4276,937,0256,681,1559,339,77411,836,074

Texas Foreign Direct Investment In 2006, majority-owned affiliates of foreign companies employed 344,600 workers in Texas. This is the third highest figure among the 50 states, trailing only California and New York.

Texas. Wide Open For Business Major sources of Texas's foreign investment supported jobs in 2006 were the United Kingdom, the Netherlands, France, Canada, Germany and Japan.

Texas FDI by Country

Texas FDI by Industry

Texas. Wide Open for Business Manufacturing accounts for the majority of Texas FDI, with Manufacturing estimated at almost $40.4B or 46%. Wholesale Trade is a distant second, with almost $21.2B or 25%.

Texas. Wide Open For Business Some of the world’s top-ranked companies doing business in Texas include: Toyota Motor (Japan), IKEA (Sweden) BP (UK), Samsung (South Korea) Royal Dutch Shell Group (The Netherlands), BASF (Germany) In April 2005, Texas was named the “ U.S. State of the Future.” (Foreign Direct Investment magazine, April 2005)

Texas. Wide Open For Business Trade Activities Trade Missions Reverse Missions International Trade Shows Export Counseling Export Seminars