Texas Ports: Gateways to World Commerce

February 01, 2017
By: 
Bruce Wright | Texas Comptroller of Public Accounts

 

Comptroller Study Highlights Economic Impacts

by Bruce Wright

An old truism says “geography is destiny,” and it certainly applies to Texas’ importance as a center for international trade.


Our central position in the continent’s road and rail grid, numerous seaports and a long border with Mexico all have helped Texas become a hub for international trade, and the nation’s top exporting state for 14 consecutive years.

And all this trade moves through one or more of Texas’ 29 official “ports of entry” — seaports, airports, border crossings and multi-modal facilities that offer train, air and roadway links to the state and nation (Exhibit 1).

Texas Comptroller Glenn Hegar recently completed a six-city tour of Texas ports of entry to highlight a new agency study that quantifies the economic benefits our state derives from these facilities. The Comptroller’s office estimates that nearly $650 billion in trade facilitated by Texas ports in 2015 directly or indirectly supported nearly 1.6 million Texas jobs and added $224.3 billion to our gross state product, or GSP (Exhibit 2).

“Texas ports of entry are absolutely essential to our economy,” Hegar says. “Every part of our state relies on them, from our largest cities to our smallest towns. They support agricultural production, manufacturing, the energy business and more. No matter where you are in Texas, you can see the benefits of foreign trade.”

In this article, we’ll examine several of our ports of entry in detail.

To continue reading, please click on the following link:

https://www.comptroller.texas.gov/economy/fiscal-notes/2017/february/ports.php#article

 

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