by the numbers

Houston area sees record exports in 2021, according to report

According to a recent report from the Greater Houston Partnership, exports from the Houston area reached a record-breaking $140.8 billion last year. Photo via Pexels

Even amid the COVID-19 pandemic, Houston is demonstrating its might in the global economy.

In 2021, exports from the Houston area reached a record-breaking $140.8 billion, according to a report from the Greater Houston partnership. The previous record, set in 2019, was $128.7 billion. The Houston-Galveston Customs District, comprising eight ports, now handles more tonnage (over 351.5 million metric tons in 2021) than it did before the pandemic.

“COVID had a short-lived impact on Houston’s exports,” the report says.

The report suggests the region’s export activity supports more than 450,000 direct and indirect jobs here.

According to the report, the Houston metro area leads all U.S. metros for the value of exports. It ranks well above New York City ($103.9 billion), Los Angeles ($58.6 billion), Chicago ($54.5 billion), and Dallas-Fort Worth ($43.2 billion). Houston’s top exports include chemicals, plastics, crude oil, and oilfield equipment.

“As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houston’s exports, and so will Houston employment,” the report says.

The report cites four factors that will continue to drive Houston’s export activity, at least in the short term:

  1. U.S. companies are still rebuilding inventories and need to bring in more goods from overseas.
  2. Some container traffic has started to shift to Houston from congested areas like Los Angeles and Long Beach, California.
  3. The Houston area continues to grow as a distribution center. Developers have added more than 96 million square feet of warehouse space in the region over the past five years.
  4. Houston is once again among the most rapidly growing metros, “which will drive the need for more consumer goods, most of which will arrive in a container via the Port of Houston.”

Houston’s top 10 trade partners and the value of that trade in 2021 were:

  • China — $24.7 billion, up from $19.3 billion in 2020.
  • Mexico — $21.6 billion, up from $14.5 billion in 2020.
  • Brazil — $16.9 billion, up from $12.0 billion in 2020.
  • Korea — $16.2 billion, up from $9.5 billion in 2020.
  • India — $13.9 billion, up from $8.0 billion in 2020.
  • Netherlands — $13.8 billion, up from $9.5 billion in 2020.
  • Germany — $11.9 billion, up from $9.5 billion in 2020.
  • Japan — $11.5 billion, up from $7.7 billion in 2020.
  • United Kingdom — $9.8 billion, up from $7.6 billion in 2020.
  • Columbia — $7.1 billion, up from $5.3 billion in 2020.

“Houston’s ties to the globally economy have grown with the city. In many ways, those ties propelled Houston’s growth. The region’s fortune now rise and fall with those of the global economy,” the report says.

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Building Houston

 
 

Here's your latest roundup of innovation news you may have missed. Photo via Getty Images

It's been a new month and a few Houston startup wrapped up November with news you may have missed.

In this roundup of short stories within Houston startups and tech, three Houston startups across health care, space, and sports tech have some news they announced recently.

Houston digital health company launches new collaboration

Koda Health has a new partner. Image via kodahealthcare.com

Houston-based Koda Health announced a new partnership with data analytics company, CareJourney.

"This collaboration will aim to develop benchmarking data for advance care planning and end-of-life metrics," the company wrote on LinkedIn. "Koda will provide clinical and practice-based expertise to guide the construction of toolkits, dashboards, and benchmarks that improve ACP programs and end-of-life outcomes."

Koda Health announced the partnership in November..

“Beyond the checkbox of a billing code or completed advance directive, it’s important to build and measure a process that promotes thoughtful planning among patients, their care team, and their loved ones,” says Desh Mohan, MD, Koda's chief medical officer, in the post.

CareJourney was founded in 2014 in Arlington, Virginia.

"I'm hopeful next-generation quality measures will honor the patient’s voice in defining what it means to deliver high quality care, and our commitment is to measure progress on that important endeavor," noted Aneesh Chopra, CareJourney's co-founder and president.

Sports tech startup raises $500,000 pre-seed investment

BeONE Sports has created a technology to enhance athletic training. Photo via beonesports.com

Houston-founded BeONE Sports, an athlete training technology company, announced last month that it closed an oversubscribed round of pre-seed funding. The company announced the raise on its social media pages that the round included $500,000 invested.

Earlier in November, BeONE Sports completed its participation in CodeLaunch DFW 2022. The company was one of six finalists in the program, which concluded with a pitch event on November 16.

Space tech company snags government contracts

Graphic via cognitive space.com

The U.S. Air Force has extended Houston-based Cognitive Space’s contract under a new TACFI, Tactical Funding Increase, award. According to the release, the contract "builds on Cognitive Space’s work to develop a tailored version of CNTIENT for AFRL to achieve ultimate responsiveness and optimized dynamic satellite scheduling via a cloud-based API.

The $1.2 million award follows a $1.5 million U.S. Air Force Small Business Innovation Research award that the company won in 2020 to integrate CNTIENT with commercial ground station providers in support of AFRL’s Hybrid Architecture Demonstration program.

“The TACFI award allows Cognitive Space to continue supporting AFRL’s vitally important HAD program to help deliver commercial space data to the warfighter,” says Guy de Carufel, the company’s founder and CEO, in the releasee. “CNTIENT’s tailored analytics platform will enable HAD and the GLUE platform to integrate modern statistical approaches to optimize mission planning, data collection, and latency estimation.”

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