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Houston Unseats NYC as King of Exports


Houston has officially topped New York City as the greatest exporter of goods in the US—exports totaling $110.3 billion. The reasons for the shift should be familiar to anyone who’s been following the economic miracle in Texas. The FT reports:

“The largest component of Houston’s exports, accounting for a third of the total at $37bn, is petroleum and coal products, reflecting soaring US sales of products such as diesel, petrol and liquefied petroleum gas, which more than doubled between 2007 and 2012.

The second-largest category of Houston’s exports is chemicals, worth $31bn last year, which benefited from cheap natural gas used as a raw material for many commonly used products.”

In 2012, Texas boasted the fastest-growing economy of the 50 states, expanding by 4.8 percent. If Texas were a country, its GDP would be 14th largest in the world. This economic success has many sources, but the energy boom looms largest among them.

America has been blessed with abundant shale resources, and Texas is more blessed than most. But its success cannot be attributed solely to geology—unlike resource-rich states like California, Texas has implemented the right policies to encourage drilling and make the most of its resources. Houston is a great example of the power of brown jobs and brown energy, and an important model for other energy-rich states looking to emulate its success.

[Pipeline image courtesy of Shutterstock]

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  • David Bennett

    The number one exporting state on a per capita basis…..Louisiana, by a long way.

  • Corlyss

    Go Texas!

    I can’t wait for it to pass dysfunctional California.

  • David Bennett

    Texas far surpasses California right now.

  • David Bennett

    Exports in billions
    International Trade Administration
    Texas $264.70
    California $161.90
    New York $81.40
    Washington $75.60
    Illinois $68.10
    Florida $66.20
    Louisiana $62.90
    Michigan $57.00
    Ohio $48.60
    Pennsylvania $38.80

  • Boritz

    In the late 19th century Galveston was on track to be THE Texas coastal city, then the hurricane of 1900 changed the course of history and Houston raced ahead of Galveston. Now liberal policy is putting Houston ahead of New York City. There is an analogy in there somewhere, something to do with destructive force…

  • joethefatman

    Houston is always going to be business friendly.

  • George B

    Texas has great energy infrastructure in terms of law, people, and pipelines through decades of sustained effort. Also helps that there is a lot of intrastate demand in the chemical industry near Houston. As the easy to get oil and natural gas have been used up, entrepreneurs have found new ways to get oil and natural gas out of the same land. Knowing that infrastructure exists to get oil and gas to an in-state market made all the risk and effort to get more production out of old fields and source rock pay off.

  • claudehopper

    Note how easy TAXES becomes TEXAS

  • teapartydoc

    And I-69 hasn’t even been finished yet.

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