O FFICE OF T HE G OVERNOR E CONOMIC D EVELOPMENT & T OURISM
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OFFICE OF FFICE OF THE HE GOVERNOR OVERNOR ECONOMIC CONOMIC DEVELOPMENT & EVELOPMENT & TOURISM OURISM
description
O FFICE OF T HE G OVERNOR E CONOMIC D EVELOPMENT & T OURISM. 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 2002-2007. That is 76.3 percent increase. - PowerPoint PPT Presentation
Transcript of O FFICE OF T HE G OVERNOR E CONOMIC D EVELOPMENT & T OURISM
OOFFICE OF FFICE OF TTHE HE GGOVERNOROVERNOR
EECONOMIC CONOMIC DDEVELOPMENT & EVELOPMENT & TTOURISMOURISM
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 2002-2007. 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 ($15
billion)• Electronic Equipment., Appliances &
Parts (7 billion)
Texas. Wide Open For Business
• A total of 21,983 companies exported goods from Texas locations in 2006. Of those, 92 percent were small and medium-sized enterprises (SMEs) with fewer than 500 employees.
• SMEs generated 27 percent of Texas's total exports of merchandise in 2006.
2007 Exports from Texas to Eastern Europe
2007 Exports from Texas to Eastern Europe
Export Growthnumbers are in thousands ($ USD)
Item 2002 2003 2004 2005 2006 2007
Total 992,631 976,927 1,177,660 1,379,738 2,245,128 3,244,198
333 _Machinery Manufactures 539,820 469,070 449,040 548,266 646,220 1,066,079
336 _Transportation Equipment 55,279 38,779 83,675 105,561 537,842 992,742
334 _Computers & Electronic Prod.
165,397 160,268 239,803 292,215 401,552 454,575
325 _Chemical Manufactures 54,911 99,766 96,581 139,775 208,754 262,954
Top exporting states to Eastern Europe
Top Exporting States to Eastern Europenumbers are in thousands ($ USD)
State 2002 2003 2004 2005 2006 2007
U.S. Total 6,599,292 7,113,501 9,099,234 10,985,576 13,769,011 19,362,325
Texas 992,631 976,927 1,177,660 1,379,738 2,245,128 3,244,198
California 892,115 775,110 1,291,276 1,134,233 1,157,678 1,394,463
Washington 356,710 637,346 573,061 450,083 640,099 1,311,806
New York 376,569 425,268 563,623 718,361 910,009 1,306,458
Illinois 308,675 410,408 524,019 573,638 758,414 1,078,276
2007 Exports from Texas to Western Europe
2007 Exports from Texas to Western Europe
Export Growthnumbers are in thousands ($ USD)
Item 2002 2003 2004 2005 2006 2007
Total 10,646,294 11,172,966 13,553,657 14,291,182 18,445,532 22,665,938
325 _Chemical Manufactures 2,795,515 2,993,118 3,910,967 3,966,035 5,458,308 6,958,170
334 _Computers & Electronic Prod.
2,625,502 2,731,983 2,928,395 3,290,199 4,293,944 4,725,750
324 _Petroleum & Coal Products 349,481 275,167 1,022,963 1,029,559 2,008,170 2,827,304
333 _Machinery Manufactures 1,656,356 1,608,737 1,832,354 1,969,507 2,299,459 2,643,582
Top exporting states toWestern Europe
Top Exporting States to Western Europenumbers are in thousands ($ USD)
State 2002 2003 2004 2005 2006 2007
U.S. Total 157,080,201 164,899,088 184,041,998 200,182,453 231,766,007 267,122,474
California 19,731,801 20,437,988 23,309,021 24,265,721 25,772,017 28,867,551
New York 11,092,847 13,135,458 12,896,547 15,188,992 18,402,523 23,680,016
Texas 10,646,294 11,172,966 13,553,657 14,291,182 18,445,532 22,665,938
Illinois 6,234,030 6,339,562 7,409,997 8,740,599 10,471,432 12,501,338
Washington 8,843,372 7,844,427 6,937,025 6,681,155 9,339,774 11,836,074
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
2005 Texas FDI* by CountryTexas Total = $85,426M(in Millions (M) of Dollars)
Netherlands, $8,402, 10%
Sweden, $1,005, 1%
Germany, $9,574, 11%
Canada, $7,789, 9%
France, $11,041, 13%
Mexico, $1,584, 2%
Australia, $913, 1%
Japan, $6,900, 8%
Rest of World, $16,863, 20%
UK, $18,462, 21%
Italy, $745, 1%
Switzerland, $2,148, 3%
Texas FDI by Industry2005 Texas FDI* by Industry
Texas Total = $85,426M(in Millions (M) of Dollars)
Manufacturing, $40,381, 46%
Other, $14,145, 17%
Wholesale Trade, $21,178, 25%Retail Trade,
$1,478, 2%
Sci/Tech & Professional,
$669, 1%
Information, $1,569, 2%
Real Estate-Related, $5,137,
6%
Finance (Except Depositories),
$869, 1%
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 doingbusiness 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 “2005-2006
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
