Texas Leads In Export Trade In 2021 Due To Unique Factors
31 Aug 2021
News
At mid-year 2021, Texas leads the nation in export trade — with $171.9 billion as of June 2021. This should come as no surprise to anyone who knows that Texas has been the nation’s No. 1 state for exports for the past 19 years.
But did you know that Texas export trade, as of June 2021, exceeds the $165.2 billion sum of the next three largest states combined? California came in second with export trade of $86.1 billion; New York had $42.7 billion; and Louisiana had $36.3 billion, according to the U.S. Commerce Department’s Bureau of Economic Analysis in a report released Aug. 5.
Texas increased its export trade by more than 60% from June 2020 and significantly exceeded the 2020 year to date trend by more than 25%. The United States as a whole saw an increase in the month export trade of more than 40% and exceeded the 2020 year to date trend by more than 22% from June 2020.
More Topics
5 Effective Ways To Reinvent Your Business
Aug 27 2021
The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
Housing Costs Less
Abundant Shopping
Low Cost of Living
Open Spaces