International Trade's Impact on Texas

Texas Comptroller of Public Accounts sent this bulletin at 07/27/2020 10:56 AM CDT

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Spotlight on Texas’ International Trade

In the latest issue of Fiscal Notes, the Comptroller’s office examines Texas’ trade with foreign nations, a major portion of the state economy. Texas exports represent more than 17 percent of the gross state product, more than double the U.S. average. But international disputes and the worldwide recession have clouded the picture; we examine the uncertainties and the long-term outlook.

Our June-July issue also discusses the economic impact of Texas’ public community colleges. These institutions play an important dual role in the Texas economy by preparing students for further academic study and providing valuable workforce training. In normal economic times, community colleges contribute nearly $10 billion annually to the Texas economy while supporting almost 78,000 jobs.

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