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Tackle Trade World - May 2023

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ECOnOMy FOCuS<br />

$2.4 trillion GDP (USD)<br />

$80,000 GDP per capita (USD)<br />

2.2% GDP growth rate<br />

3.9% Unemployment rate<br />

DBW...<br />

TExaS<br />

Top export partners:<br />

- Mexico ($10.7B)<br />

- Canada ($2.74B)<br />

- netherlands ($1.85B)<br />

- China ($1.64B)<br />

- South Korea ($1.61B)<br />

Top import partners:<br />

- Mexico ($11B)<br />

- Canada ($2.75B)<br />

- China ($2.55B)<br />

- vietnam ($1.19B)<br />

- Germany ($953M)<br />

FaCT FiLE<br />

Capital: Austin<br />

Population: 30 million<br />

Governor: Greg Abbott<br />

President: Joe Biden<br />

Official languages: None, spoken languages English,<br />

Spanish<br />

Time zones: Central Daylight Time (GMT-5)<br />

Currency: US dollar<br />

petroleum deposits in the<br />

state are about eight billion<br />

barrels, accounting for about<br />

a third of all the known<br />

petroleum supply in the<br />

US. Major oil corporations<br />

have their headquarters in<br />

the state of Texas, including<br />

Exxon Mobil, Marathon Oil,<br />

Conocophillips, Valero, Tesoro<br />

and BP.<br />

Texas has emerged as one of<br />

the top filmmaking states in<br />

the US. The city of Austin has<br />

become among the leading<br />

cities in filmmaking. Several<br />

studios from Hollywood have<br />

relocated some of their units<br />

to cities in Texas such as<br />

Dallas, Houston, and Austin.<br />

The media giant iHeartMedia<br />

is located in Texas at<br />

San Antonio. Prominent<br />

developers of video games<br />

such as 3D Realms, Robot<br />

Entertainment and Gearbox<br />

Software are all located in<br />

Fort Worth.<br />

Texas has been the top<br />

exporter among US states<br />

since 2002, with exports<br />

rising to $342 billion in<br />

2021. In 2021, the top five<br />

Texas exports were oil and<br />

gas, petroleum products,<br />

chemicals, computer and<br />

electronics products and<br />

transportation equipment.<br />

www.tackletradeworld.com<br />

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