Home to three of Texas’ top trade partners – Brazil, Colombia and Venezuela – South America is an incredibly important trade and investment partner for Texas.
Texas and South America have an extensive trade relationship. In 2018, Texas exported a value of $32.4 billion in commodities to South America. On an individual level, Brazil is Texas’ sixth-largest export destination, accounting for more than 3 percent of the state’s exports in 2018, while Colombia ranks 12th. Brazil and Venezuela are two of Texas’ top countries for imports. The main commodities traded between Texas and South America include mineral fuel, organic chemicals, industrial machinery and steel and iron.
In addition to Texas’ business-friendly climate, shared industry strengths between Texas and South America have attracted several South American company investments to the Lone Star State. These include projects from Gerdau Midlothian Steel, PDVSA Service and Southern Star Leasing, among others. Traveling between the two locations is simplified due to Texas’ world-class airports that provide direct service to South American cities like Santiago, Rio de Janeiro and the Buenos Aires metropolitan area.
Links to More Information about Texas Communities for International Business
Central Texas: Greater Austin Region