Texas Comptroller Kicks Off Tour of Texas Manufacturing Plants
August 14, 2017
(AUSTIN) — Texas Comptroller Glenn Hegar kicked off his Good for Texas Tour: Manufacturing Edition with visits to Samsung in Austin and TECO-Westinghouse Motor Company in Round Rock. Hegar, alongside local officials, released a study on the manufacturing industry’s economic impact.
“Texas has an extraordinary manufacturing economy,” Hegar said. “The state’s resources make it a natural leader in petroleum and chemical manufacturing, our research institutions have fostered computer-related and other high-tech manufacturing, and our business-friendly environment and skilled labor force have helped create a dynamic automotive manufacturing sector.”
In all, Texas manufacturers were responsible for 3 million direct and indirect jobs in 2016. The average annual salary for direct jobs is nearly $75,000. In 2016, Texas manufacturers exported $210.3 billion in goods and contributed $225.8 billion to the GDP.
Visit the Texas Manufacturing page for detailed overviews and snapshots.
Pharmaceutical and medicine manufacturing jobs grew 20% from 2010 to 2016. The industry’s job growth in Texas outpaced the U.S. Pharmaceutical and medicine manufacturing job growth, 2010-2016; Texas was 20% U.S.was 2.5%; $103,186: Average annual wages in the industry are 91% greater than the statewide average.
Chemical Products Manufacturing adds $55.5 billion GDP to the Texas economy. It is Texas’ second-largest manufacturing export market. 2016 Texas Manufacturing Exports Computer and Electronic Products: $47.1 billion Chemical Products Manufacturing: $36.6 billion Petroleum and Coal Products: $35.4 billion 24.1%: The industry is the largest contributor to Texas’ manufacturing GDP. Chemical products manufacturing supports 321,000 direct and indirect jobs.
Primary Metals Manufacturing contributed $3.1 billion in state GDP in 2016. The subsector’s GDP growth in Texas outpaces the nationwide average. Primary Metals Manufacturing real GDP, 1997-2015: Texas +87%, U.S. +33%. The automotive, energy, machinery and transportation industries drive demand for primary metal products: $4.6 billion in exports in 2016.
Aerospace and Other Transportation Equipment Manufacturing supports 51,829 direct jobs in Texas; $97,836: The average salary is much higher than the state average of $54,000; 60% of Texans employed in aerospace manufacturing have at least some college compared to 47% of all employed Texans"
Nonmetallic mineral product manufacturing in Texas: Has a higher average annual wage ($58,000) than the U.S.($56,000); showed faster job growth than the U.S.; Experienced a larger increase in GDP than the U.S."
Plastics and Rubber Products Manufacturing exported $4.8 billion in goods in 2016. Industry exports outpaced growth in total Texas exports in the past seven years. During the same time plastics and rubber products manufacturing exports to Mexico doubled."
Computer and electronic product manufacturing is the fastest-growing manufacturing subsector in Texas. Its GDP increased by 584 percent from 1997 to 2015."
Electrical Equipment, Appliances and Components exports increased 111% from 2009 to 2016. percent increase. These exports were sixth-highest among Texas manufacturing 61 percent of all subsector exports were to Mexico. The subsector’s GDP totaled $2.5 billion in 2015.
The manufacturing industry contributed $226 billion to the Texas economy in 2016."