State of Texas: Letter from the Governor
Greetings: I t’s no secret that everything is bigger in Texas, and the same is true of our economy. If Texas were a nation, it would be the lOth largest economy in the world.Texas is a national leader in job creation, with more than 1.85 million private sector jobs added over the last decade, and has been the nation’s top exporter for 14 years running.
Our top export markets continue to be led by trading partners Mexico and Canada, followed by Brazil, China and South Korea. Texas also is a top-ranked destina- tion for foreign direct investment. Texas ranks No. 2 nationally for both the number
of jobs at U.S. subsidiaries of global companies and the number of manufacturing industry jobs at U.S. subsidiaries, according to the Organization for International Investment. Exporting is a vital component of our economy here in Texas. I’m delighted to see that the Small Business Development Center network in Texas has spearheaded the development of the Texas Export Guide, in print and online.The guide will be a valuable resource for both new exporters and for companies looking to expand into new markets. Sincerely,
Governor Greg Abbott
This latest economic metric is yet another testament to the continued strength of the Texas economy. During my first two years as governor, I had the opportunity to lead business development trips abroad and saw firsthand the impact Texas businesses are having across the globe. In the year ahead, I plan to lead more business development missions to bolster our state’s economy and create opportunities for Texas businesses to further compete in the global marketplace. Texas exported more than $251 billion in goods in 2015. Texas exports alone accounted for more than 16 percent of U.S. goods exported in 2015. For the third year in a row,Texas surpassed California for high-tech exports.Texas exported $6.3 billion more in high-tech goods than California in 2015.
Greg Abbott Governor
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2017 Texas Export Guide
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