Page 17 - NBIZ June2021

0 The Houston-Galveston Customs District ranked The IMF expects Brazil, France, India, Indonesia, Germany,
first in tonnage handled (exports + imports) in 2020, Japan, Mexico, Russia, Turkey, and the U.K. to make solid
a position it has held in 11 of the last 15 years. The contributions as well. The good news for Houston is that
district ranked sixth in the value of shipments (exports all of Houston’s major export markets are expected to have
+ imports) last year. solid growth this year and next.

0 The value of exports via the district has exceeded Projected GDP Growth Rates, Houston’s Top Trading Partners
imports since 2013.
GDP Change GDP Change
# Country '21 '22 # Country '21 '22
0 Since 2009, foreign-owned firms have announced
nearly 700 plant, warehouse or office expansions, start- 1 China 8.4 5.6 11 Belgium 4.0 3.1
ups, or relocations in Houston. 2 Brazil 3.7 2.6 12 Germany 3.6 3.4
3 Mexico 5.0 3.0 13 France 5.8 4.2
0 Nearly 150 Houston-headquartered companies operate 4 Netherlands 3.5 3.0 14 Chile 6.2 3.8
nearly 3,000 offices, plants, or distribution centers in 5 Japan 3.3 2.5 15 Colombia 5.1 3.6
over 100 countries. 6 India 12.5 6.9 16 Canada 5.0 4.7
7 South Korea 3.6 2.8 17 Spain 6.4 4.7
Things Are Looking Better 8 United Kingdom 5.3 5.1 18 Italy 4.2 3.6
What a difference a year makes? Time, along with 9 Taiwan 4.7 3.0 19 Peru 8.5 5.2
trillions in fiscal and monetary stimulus from governments 10 Singapore 5.2 3.2 20 Saudi Arabia 2.9 4.0
around the world, have created a positive outlook. As noted Source: Interna onal Monetary Fund
earlier, the U.S. and China are leading the global recovery.

NBIZ ■ June 2021 17