Molly RyanReporter- Houston Business Journa
Yet another list has ranked Houston as the No. 1 U.S. city for trade.
This time, it’s Global Trade magazine, which recently ranked the top 25 U.S. cities for global trade. Houston topped the list and was followed by New York, Los Angeles and Miami.
Global Trade based its rankings on the cities with the highest increase in export volumes between 2010 and 2011. Houston’s exports grew by nearly 30 percent, which represents a $23.9 billion increase in value.
Houston owes most of its growth to increased exports in its leading commodities: petroleum and coal products. And as a result of this growth, it has seen corresponding growth in job numbers.
In recent months, many rankings have named Houston as a top export market. In July, the U.S. Department of Commerce’s International Trade Administration listed the Houston-Sugar Land-Baytown area as the No. 1 U.S. markets for exports, based on the value of 2012 exports. This ranking was significant since Houston ousted New York for the top spot.
In August, the International Trade Administration also said Texas exports have climbed to record highs, with Houston leading the helm as the state’s largest export city.
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Kelley Brady (email@example.com) or
Michelle Bonina (Mbonina@reedexpo.com)