For which state do exports comprise the largest percentage of state GDP?
The answer, helpfully supplied by the Census Bureau, is Texas.
For which state do exports comprise the largest percentage of state GDP?
The answer, helpfully supplied by the Census Bureau, is Texas.
Interesting. Here’s the breakdown for Texas:
http://www.trade.gov/mas/ian/statereports/states/tx.pdf
It’s good to be at the end of the pipelines. Since so much of that goes to Mexico, what happens if NAFTA goes away?
https://www.census.gov/foreign-trade/statistics/state/data/tx.html
Steve
Steve:
My thought exactly. You’ll see that South Dakota – which produces quite a bit of oil and gas – shows no exports of oil. It seems those get credited to Texas.
which explains why the Texas politicians have been wary of Trump’s attacks on NAFTA.
You guys are shit’n me, right?
First, it’s N Dakota, not South. Second, Texas oil production is much larger than N Dakota. N Dakota can’t move the needle that much. Third, refined oil products are a huge component for Texas. And fourth, Mexico is a major oil exporter, not importer.
The notion that Texas is just some beneficiary of an accounting convention for shuttling crude oil from N Dakota to Mexico is weird.
Per the EIA, Texas’s oil production is about three times North Dakota’s which is about twice California’s. It’s probably true that Texas oil production and its refining capacity have something to do with its exports.
However, go back and look at the graph that Andy helpfully provided. Texas’s exports of electronics, machinery, and transportation equipment are larger than its exports of petroleum and chemicals. It’s beside the point anyway.