Texas overtakes California, leads nation in tech exports
Surpassing California for the first time, Texas is leading the nation in technology-related exports, according to a new report.
State companies that make computers, semiconductors and communications equipment, among other products, exported more than $45 billion in products in 2012, according to the TechAmerica Foundation, a tech industry lobbying firm.
That was driven by Texas’ 7 percent growth — about $3 billion — in tech exports from 2011. Tech exports supported nearly 1.5 million jobs nationwide and about 331,000 jobs in Texas, according to the report. California, meanwhile, declined 2.8 percent, to $44.8 billion in technology exports.
Technology exports accounted for 17 percent of all exports from Texas in 2012, above the national average of 13 percent. Texas also ranked first or second in every technology export sector examined. Texas was first in semiconductor exports at $14 billion, first in communication equipment exports at $8.9 billion and second in computer equipment exports at $12.8 billion.
The state’s leading tech export destinations were Mexico ($22 billion), Canada ($4 billion) and South Korea ($3 billion).
More at http://www.mystatesman.com/news/business/texas-overtakes-california-leads-nation-in-tech-ex/ndLWL/?icmp=statesman_internallink_invitationbox_apr2013_statesmanstubtomystatesmanpremium (subscription required).
Cross-posted in the Texas Group.
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