Another Top-10 for Houston, Export that is (Baytown, Sugar Land: organic, cost)

[ethanw]

4. Houston-Sugar Land-Baytown, Tex.

• Exports to China:$5.33 billion
• Percent total exports to China: 5.1 percent
• Total exports: $104.5 billion
• Biggest export: Petroleum and coal products (33.7 percent)
• Percent increase exports to China(2005-2011): 123 percent

In August, Global Trade Magazine ranked Houston as the second-largest city in the United States in terms of export volume, behind only New York. But the ITA notes that China was only the fourth-largest export market for the metropolitan area. Mexico was the largest beneficiary of Houston’s trade, receiving 16 percent of the area’s total exports, followed by Canada and Brazil, at 10.4 percent and 6.8 percent respectively. Nevertheless, total exports to China have grown nearly 123 percent between 2005 and 2011. Petroleum and coal products are the area’s largest export, comprising nearly $35.2 billion in 2011, or 33.7 percent of all trade. The U.S. has slowly begun to wean itself off foreign oil in recent years and has become a net exporter of oil in 2011 for the first time in decades. No region has benefited from this boom more than Houston, as exports of petroleum and coal products in terms of dollar value have grown 405 percent since 2005.


The 9 U.S. cities selling the most goods to China - Bottom Line

[Dariusb]

Wow!

[Dopo]

Originally Posted by ethanw

4. Houston-Sugar Land-Baytown, Tex.
Petroleum and coal products are the area’s largest export, comprising nearly $35.2 billion in 2011, or 33.7 percent of all trade.

I'm having a hard time understanding how this is good
What's the point of "Drill here, pay less" if we sell our oil to China?

[HoustonRonnie]

Originally Posted by Dopo

I'm having a hard time understanding how this is good
What's the point of "Drill here, pay less" if we sell our oil to China?

We don't sell crude to China We sell, among other things, fractionated "petroleum products" like plastics and petrochemicals so they can make all that cheap stuff we buy. Noway China buys crude from us because it'd cost a fortune to transport, same thing for natural gas. We are a net consumer of crude.

America’s exports to China:

1. Soybeans … $7.3 billion
2. Semiconductors … $6.5 billion
3. Civilian aircraft … $3.9 billion
4. Plastic materials … $3.1 billion
5. Other industrial machines … $2.8 billion
6. Copper … $2.4 billion
7. Pulpwood … $2.2 billion
8. Aluminum … $1.94 billion
9. Steelmaking materials … $1.91 billion
10. Organic chemicals … $1.8 billion


Ronnie

[Dopo]

Originally Posted by HoustonRonnie

We don't sell crude to China We sell, among other things, fractionated "petroleum products" like plastics and petrochemicals so they can make all that cheap stuff we buy.

Take a look at this

Gas, other fuels are top U.S. export - Dec. 2011

For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

There's at least one domestic downside to America's growing role as a fuel exporter. Experts say the trend helps explain why U.S. motorists are paying more for gasoline. The more fuel that's sent overseas, the less of a supply cushion there is at home.

[HoustonRonnie]

Originally Posted by Dopo

Take a look at this

Gas, other fuels are top U.S. export - Dec. 2011

That's refined product, not crude, and little, if any, is going to China (on the slow boat). You're mixing apples and oranges.

Ronnie

[Dopo]

Originally Posted by HoustonRonnie

That's refined product, not crude, and little, if any, is going to China (on the slow boat). You're mixing apples and oranges.

Ronnie

Last time I checked, gasoline is a refined product and is what we use as fuel for our cars
So I don't know what you mean with "mixing apples and oranges"

The gasoline that could be sold here in the US is being shipped to China.