Texas is Number One Exporting State for 7th Consecutive Year
The U.S. Department of Commerce has named Texas the top exporting state in the nation for the seventh year in a row based on 2008 export data. Texas' exports increased more than 14 percent over the last year, totaling $192.14 billion, approximately $23.92 billion more than 2007.
"Maintaining our rank as the nation's top exporting state is proof positive that Texas has sound policies in place to cushion it from the effects of an economic downturn," said Gov. Perry. "By maintaining low taxes and reasonable and predictable regulations, business in Texas can continue to flourish, ensuring our ongoing position as a top exporting state and competitor in the global marketplace."
Texas' top export recipients in 2008 were Mexico, Canada, China, the Netherlands and Brazil which respectively imported $62.08 billion, $19.2 billion, $8.4 billion, $7.06 billion and $5.96 billion in Texas-manufactured goods and services. Texas' top exporting industries in 2008 were chemicals, computers and electronics, machinery, petroleum and coal, and transportation equipment which posted increased exports of 9.5 percent, 5.1 percent, 9.3 percent, 72 percent and 2.74 percent, respectively.