King of Exports: Texas

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First it was California as the leader in exports back in the 90s.  Now it's Texas.

Since 1998, the state has increased its total exports by 217 percent, compared to 139 percent for the country as a whole.

Find out why Texas -- a low-cost state to do business -- is considered king of exports here.  Hint:  a lot has to do with the rise of free trade, the decline of domestic manufacturing, and our transformation into the world's oil refiner.