International Business Digest
Center for International Business Education
ISS UE | 3
U.S. and Texas
Page 1
M AR C H | 2 01 4
Latest Trade Sta s cs for U.S. and Texas
Inside This Issue
Latest Trade Sta s cs for
VOLUM E | 10
The tables below show selected merchandise trade sta s cs for the U.S. and Texas for
the last five years (2009‐2013). These data were collected from the website of the
Office of Trade and Industry Informa on (OTII), Manufacturing and Services,
Interna onal Trade Administra on, U.S. Department of Commerce
(h p://tse.export.gov).
Editor’s Note
Table 1: Total U.S. Merchandise Exports and Top 5 Export Items (Billions of $)
Page 2
Item
Total Exports
Transporta on Equipment
Computer & Electronic Products
Chemicals
Machinery, Except Electrical
Petroleum & Coal Products
Global Trade and
Business: Current News
& Events
Page 3
Contact Informa on
Page 6
2009
1056.04
165.38
160.63
152.26
113.42
41.60
2010
1278.49
190.89
190.44
179.50
137.80
61.44
2011
1480.29
217.67
201.16
197.11
156.95
101.82
2012
1545.71
248.23
203.86
197.56
165.81
111.19
2013
1578.85
263.93
205.25
199.18
157.32
119.33
Table 2: Top 5 Merchandise Export Markets for the U.S. (Billions of $)
Partner
Canada
Mexico
China
Japan
Germany
2009
204.66
128.89
69.50
51.13
43.31
2010
249.26
163.66
91.91
60.47
48.16
2011
281.29
198.07
103.99
65.69
49.15
2012
292.54
215.93
110.48
69.95
48.80
2013
300.24
226.15
122.02
65.14
47.44
Table 3: Total U.S. Merchandise Imports and Top 5 Import Items (Billions of $)
Item
Total Imports
Computer & Electronic Products
Transporta on Equipment
Oil & Gas
Chemicals
Machinery, Except Electrical
(Con nued on page 2). 2009
1559.62
266.61
180.21
212.97
155.31
87.82
2010
1913.86
325.05
241.17
280.20
176.33
105.56
2011
2208.06
344.06
270.49
353.13
201.85
135.17
2012
2275.32
355.13
317.46
326.44
197.34
148.71
2013
2266.86
358.45
333.55
286.30
195.40
143.36
Editor’s Note
Gree ngs. It gives us great pleasure to bring to you the 39th issue of the Prairie
View InternaƟonal Business Digest, an electronic quarterly newsle er produced by the Center for Interna onal Business Educa on. This issue features two sec ons. The first sec on (Latest Trade StaƟsƟcs for U.S.
and Texas) presents up‐to‐date merchandise trade sta s cs for the U.S. and Texas for the last five years. The second sec on highlights current global business/trade news and events. Please note that all URL links are ac ve and you can go directly to a sec on from the table of contents on the first page. We hope you con nue to find this e‐newsle er a valuable channel for important informa on rela ng to interna onal business. We do hope our efforts will inspire greater number of local firms to seek out new global business opportuni es. Should you have any ques ons or sugges ons, please feel free to contact us. Thank you for your support, Rahim Quazi, Ph.D. Editor, Prairie View InternaƟonal Business Digest Center for Interna onal Business Educa on Prairie View A&M University E‐mail | rmquazi@pvamu.edu Phone | (936) 261‐9225 Fax| (936) 261‐9226
Dr. Rahim Quazi
Editor Latest Trade StaƟsƟcs for U.S. and Texas
(ConƟnued from page 1).
Table 4: Top 5 U.S. Merchandise ExporƟng States (Billions of $)
U.S. Total Texas California New York Washington Illinois 2009 1056.04 162.99 120.08 58.74 51.85 41.63 2010 1278.49 206.99 143.21 69.68 53.35 50.06 2011 1480.29 250.66 159.14 84.79 64.77 64.83 2012 1545.71 264.71 161.88 81.36 75.62 68.13 2013 1578.85 279.69 168.13 83.99 81.94 65.85 (ConƟnued on page 4).
Prairie View InternaƟonal Business Digest Page 2 Volume 10| Issue 3 Global Trade & Business:
Current News and Events
2013 Texas Exports Set New Record: Annual merchandise exports
from Texas increased to $279.7 billion in 2013 se ng a new record.
Texas’s strong export performance boosted na onal exports of
goods and services, which also set an all‐ me record last year. U.S.
exports of goods and services totaled $2.3 trillion in 2013 and
supported/created nearly 11 million American jobs. U.S. exports of
goods and services have registered 44.3% growth from 2009.
Foreign Sanc ons Evaders (FSE) List: The Office of Foreign Assets
Control (OFAC) publishes a list of foreign individuals and en es
determined to have violated U.S. sanc ons against Syria and Iran.
Collec vely, such individuals and companies are called “Foreign
Sanc ons Evaders” (FSEs). Transac ons with these FSEs are
prohibited. For details, see: h p://www.treasury.gov/resource‐center/sanc ons/SDN‐List/Pages/fse_list.aspx.
Growth of Interna onal Travel Traffic in Houston: Interna onal passenger traffic at Bush Airport reached an all‐ me
record in 2013 at 8.9 million passengers, which registered 2.5% growth from 2012. This increase is partly due to the arrival
of new interna onal air carriers in Houston. Air China and Turkish Airlines launched nonstop services from Houston to
Beijing and Istanbul, respec vely. With the launching of a new service to Houston by Korean Air and opening of a new
interna onal terminal at Hobby Airport in 2015, this growth in interna onal traffic is set to con nue. Korean Air, America’s
largest Asian airline, will have nonstop service between Bush Intercon nental Airport (IAH) and Incheon Interna onal
Airport (ICN) in Seoul beginning in May 2014.
Webinar Series ‐ Selling American Energy Efficiency Products and Services in China: This webinar series will provide an
update on recent developments in China’s energy efficiency (EE) markets and business development strategies for
American firms pursuing business in China. Cost: $45 per webinar or $100 for the en re series (if registered by April 1). For
more details and registra on informa on, contact Stephan Crawford (stephan.crawford@trade.gov).
 Are There Real Opportuni es for EE Companies in China? Assessing Recent Developments in China’s EE Market, April 9
 How to Develop A China‐Strategy for My Company: Assessing Company Readiness and Managing Risks, April 29
 How to Execute A Successful China Strategy: Building and Maintaining Partnerships, May TBD
 Trends in EE Project Finance in China, Summer TBD
Bureau of Industry & Security (BIS) Seminars, Norris Conference Center, Houston
Complying with U.S. Export Controls, April 8‐9: This seminar will be led by BIS's professional counseling staff and provide an
in‐depth examina on of the Export Administra on Regula ons (EAR). The program will cover important informa on
exporters need to know to comply with U.S. export control requirements on commercial goods. Cost: $450*
How to Develop an Export Management & Compliance Program, April 10: This workshop will provide an overview of the
steps a company needs to take to implement an internal Export Management and Compliance Program, which is highly
recommended to ensure compliance with the EAR and to prevent export control viola ons. Cost: $190*
*Cost: $570 if both events purchased together. For more details and registra on informa on, see:
h p://events.r20.constantcontact.com/register/event?oeidk=a07e8vvrbna3b0cdcd5&llr=qg6pm6iab&showPage=true
Protec ng Your Exports with Incoterms and Ex‐Im Bank, Houston, April 11.
This seminar will review changes to Incoterms (Interna onal Commercial Terms), their cri cal func ons in interna onal
trade, and an overview of Ex‐Im products. Time: 7:30 am‐12:15 pm. Cost: $245.
For more details, see: h p://www.hwcoc.org/calendar.
(Con nued on page 5). Prairie View Interna onal Business Digest
Page 3
Volume 10| Issue 3
Latest Trade Sta s cs for U.S. and Texas
(Con nued from page 2). Table 5: Top 5 Merchandise Import Partners for the U.S. (Billions of $)
Partner
China
Canada
Mexico
Japan
Germany
2009
296.37
226.25
176.65
95.80
71.50
2010
364.95
277.64
229.99
120.55
82.45
2011
399.38
315.37
262.87
128.93
98.69
2012
425.58
323.94
277.57
146.39
108.71
2013
440.43
332.08
280.46
138.53
114.64
Table 6: Total U.S. Merchandise Trade Balance (Billions of $)
Partner
2009
World Total
2010
2011
2012
2013
‐503.58
‐635.36
‐727.77
‐729.61
U.S. Merchandise Trade Surplus: Top 5 Partners
‐688.00
Hong Kong
17.48
22.27
31.94
32.01
36.82
Netherlands
16.14
15.68
18.70
18.37
23.43
United Arab Emir‐
ates
Australia
10.71
10.52
13.46
20.29
22.32
11.59
13.22
17.30
21.60
16.78
6.03
11.46
11.20
11.68
U.S. Merchandise Trade Deficit: Top 5 Partners
16.56
Brazil
China
‐226.88
‐273.04
‐295.39
‐315.10
‐318.42
Japan
‐44.67
‐60.08
‐63.24
‐76.44
‐73.39
Germany
‐28.19
‐34.30
‐49.54
‐59.91
‐67.20
Mexico
‐47.76
‐66.32
‐64.81
‐61.64
‐54.30
Saudi Arabia
‐11.26
‐19.91
‐33.65
‐37.69
‐32.81
Table 7: Total Merchandise Exports and Top 5 Export Items from Texas (Billions of $)
World Total
Petroleum & Coal Products
Computer & Electronic Products
Chemicals
Machinery, Except Electrical
Transporta on Equipment
2009
162.99
21.33
32.05
31.02
23.77
14.40
2010
206.99
33.06
39.25
38.86
26.38
18.72
2011
250.66
51.72
42.08
46.58
27.51
21.84
2012
264.71
56.88
45.13
46.97
29.45
25.10
2013
279.69
60.96
48.17
47.85
29.88
24.40
Table 8: Top 5 Merchandise Export Markets for Texas (Billions of $)
Partner
Mexico
Canada
Brazil
China
Netherlands
Prairie View Interna onal Business Digest
2009
56.04
13.80
5.04
8.91
6.06
2010
72.69
18.76
7.15
10.27
5.92
Page 4
2011
87.08
22.12
10.05
10.94
8.80
2012
94.46
23.85
10.04
10.31
9.61
2013
100.99
25.89
10.83
10.74
9.58
Volume 10| Issue 3
Global Trade & Business: Current News and Events
(Con nued from page 3). Discover Global Markets: Africa, Middle East & India, San Antonio, May 1‐2.
U.S. Commercial Officers from 18 U.S. Embassies will discuss export opportuni es for U.S. businesses in these lucra ve
markets. Sessions will include informa on on market entry strategies, financing, and mi ga ng risk; country‐specific and
industry‐specific informa on and opportuni es; pre‐scheduled one‐on‐one mee ngs with senior commercial officers;
high‐profile keynote speakers and networking opportuni es. Cost: $395 ($315 before April 10).
For more details, see: h p://export.gov/texas/sanantonio/dgm/index.asp.
Offshore Technology Conference 2014 (OTC), Reliant Park, Houston, May 5‐8.
This is the world’s foremost event for the development of offshore resources in the fields of drilling, explora on,
produc on, and environmental protec on. For a list of countries, recrui ng delega ons and onsite programs including
procurement seminars, Show Time Export Counseling Mee ngs and B2B matchmaking,
see: h p://export.gov/texas/houston/otc2014/index.asp.
Houston District Export Council Oil & Gas Trade Mission to Brazil, September 10‐16.
This trade mission will provide the par cipants with the knowledge and contacts needed to succeed in Brazil’s complex
and highly lucra ve oil and gas market. Par cipants will also gain access to Brazil’s largest oil and gas show,
Rio Oil and Gas 2014. Mission cost: $3,000 for SMEs with fewer than 500 employees and $4,000 for large companies. Cost
does not include flight, lodging, and most meals.
For details, see: h p://www.expor exas.com/content/houston‐dec‐oil‐and‐gas‐trade‐mission‐rio‐de‐janeiro.
Sources:
Export News, Houston Export Assistance Center
Passport Houston, Interna onal Blog for the Mayor's Office, City of Houston Export‐Import Bank of the U.S.
Prairie View Interna onal Business Digest
Page 5
Volume 10| Issue 3
Next Issue Available: June 2014
If you would like to receive an electronic version of this newsle er, contact
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