Texas is home to six of the top 25 cities for global trade, according to a new ranking from Global Trade magazine based on which areas posted the largest export growth from 2010 to 2011.
Houston tops the list, having exported $105 billion in goods in 2011, a nearly 30 percent increase from the year before. San Antonio ranked 10th, with Dallas right behind it. Corpus Christi, Brownsville and Beaumont ranked 17th, 21st and 24th, respectively. In Houston, exports have helped the city eliminate the job losses it suffered during the Great Recession, according to the magazine.
“Over the last five years, more than 100 foreign-owned companies have relocated, expanded or started new businesses in the area. According to the U.S. Bureau of Statistics, Houston is not only the first major city to regain all the jobs it lost due to the economic downturn but has created more than two jobs for every one lost.”
San Antonio was one of the top exporters to members of the North American Free Trade Agreement, while Dallas is a big exporter of computer and electronic products. Corpus Christi doubled its exports, earning it a spot in the top 25 for the first time.
Unsurprisingly, many of the cities that made the cut — New Orleans, Seattle, Portland and Atlanta, to name a few — are home to ports. In Illinois, the cities of Chicago, Peoria and Decatur ranked 6th, 12th and 25th. Two California cities made the cut, too: Los Angeles ranked third and San Francisco 20th. And Pennsylvania’s Philadelphia and Pittsburgh ranked 13th and 15th, respectively.