The Economic Impact of Port Houston
As one of the world’s busiest ports, Port Houston is a large and vibrant component of the regional economy. A 2014 study by Martin Associates reports that Houston Ship Channel-related businesses contribute 1,174,567 jobs throughout Texas, up from more than 1 million jobs cited in a 2012 study. This activity helped generate more than $264.9 billion in statewide economic impact, up from nearly $182.6 billion. Additionally, more than $5 billion in state and local tax revenues are generated by business activities related to the port, up from $4.5 billion.
To download the full state impact report, click here.
To download a state impact summary document, click here.
To download the national impact report, click here.
Port Houston’s economic activity helps keep Texas the nation’s top exporting state. For the past 13 consecutive years, Texas has outpaced the rest of the country in exports. In 2014, Texas exports totaled more than $289 billion, up from nearly $280 billion in 2013, according to annual trade data from the U.S. Department of Commerce. The state’s exports out-performed overall U.S. exports, which only grew by 2.4 percent to $1.62 trillion in 2014 from $1.58 trillion in 2013.