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Willisms

« Texas: Jobs Hot Spot. | WILLisms.com | Debunking Falsehoods About Texas Jobs: 40% of Texas Jobs Did Not Go to Recent Illegal Immigrants. »

Texas Has Led America In Exports For Nine Straight Years

Trivia Tidbit of the Day: Part 944 -- Texas Exports Beat National Levels Under Rick Perry-

Let's talk about exports.
Texas has led the nation in exports to foreign countries for nine straight years. Think about that for a moment.
Texas has around 25 million people. California has more than 37 million people. Yet, Texas is America's top exporting state, by a fairly big and growing margin.

TEXAS has roughly 8.1% of America's population, but accounts for 16.2% of U.S. exports (up from 14.7% in 2007).
CALIFORNIA, with about 12.1% of America's population, accounts for 11.2% of U.S. exports (down from 11.7% in 2007).

TEXAS EXPORT/POPULATION RATIO: 2.00 (overperform by double)
CALIFORNIA EXPORT/POPULATION RATIO: 0.93 (underperform)

Again, think about that. Texas and California both have natural resources. Both are located on coasts.Both touch Mexico. Both have agriculture, oil and gas under the ground and offshore, computer chips, financial services, tourism, aerospace industry, manufacturing, etcetera, etcetera. California has nicer weather and scenery, fewer natural disasters, and touches the Pacific Ocean (which means it's closer to growing markets in Australia and Asia). Yet, Texas is growing faster, exporting more goods and services, adding more jobs, and gaining more Electoral College votes. Texas is busy dethroning California as America's shining city on a hill. America's America.

From the Dallas Fed, a look at Texas exports versus American exports:

trend-exports-tx-us.gif

More details on Texas' exports:

Texas' exports in 2010 totaled more than $206.6 billion, up 26.7 percent from $162.9 billion in 2009, outperforming overall U.S. exports, which grew by 20.9 percent in 2010. The state's top export recipients were Mexico, Canada, China, Brazil and South Korea, which respectively imported $72.3 billion, $18.6 billion, $10.2 billion, $7.1 billion and $6.4 billion in Texas-manufactured goods. Additionally, Texas' top exporting industries in 2010 were computers and electronics, chemicals, petroleum and coal, machinery, and transportation equipment.

RELATED: Texas Enjoys an Export Boom:

"Just this past week, the Export-Import Bank of the United States (Ex-Im Bank) announced that in its preliminary Fiscal Year 2011 (FY’11) figures, more than $512 million in export credit was authorized for Texas small businesses, making Texas the top state in the country for all Ex-Im small business financing."

These outcomes didn't happen in a vacuum. They weren't some accident, fated to happen no matter what.
Ideas matter. Records matter. Policy choices matter. The Texas success story under Rick Perry absolutely matters.

NOTE: I also posted this in today's Perry Almanac email. Sign up here. Lots of info and data and the latest goings-on.

-------------------------------------

Previous Trivia Tidbit: Texas Jobs.

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Posted by Will Franklin · 8 November 2011 11:45 AM

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