California’s Tech Exports Total $52 Billion in 2006
California Is 1st in Tech Exports, 2nd in Tech Export Growth, Adding $4 Billion Last Year

Irvine, CA (July 17, 2007) – AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry, today released a special trade report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2007: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.

It is no surprise that California was the largest high-tech exporting state in 2006, with $52 billion in exports. California's tech exports jumped by $4.0 billion, making it the 2nd fastest growing state, although California is still down from the peak of $68 billion in 2000.

“No state benefits more from high-tech trade than California,” said Peter Craig, Chairman of Valicore Technologies & AeA's Orange County & Inland Empire Council.  “With the largest tech economy in the country and with 41 percent of all Golden State exports coming from the tech industry, we need to keep pressing our leaders in Washington to open new markets so Orange County companies can continue to compete in the global economy.”

Nationally, Trade in the Cyberstates 2007 shows that international trade of high-tech goods continues to rise. High-tech goods exports grew by 10 percent for a total of $220 billion in 2006, representing 21 percent of all U.S. exports to the world. High-tech imports totaled $322 billion in 2006, up by 9 percent, resulting in a tech trade deficit of $102 billion. Nationwide, tech exports directly supported 683,900 jobs in the United States.

Trade in the Cyberstates 2007 provides a comprehensive review of international trade of high-tech goods at the national and state-by-state level. The report provides 52 state overview pages highlighting high-tech exports with detailed data on historical export trends, exports by individual tech sector, and leading export destinations by country.

This report is a partner publication to AeA's annual flagship publication, Cyberstates, which provides national and state-by-state data on high-tech jobs, wages, payroll, and other factors. In the past, the high-tech trade data was included in the Cyberstates report. This new report provides a tremendous amount of detailed data that was not previously published. Like Cyberstates, Trade in the Cyberstates uses official government statistics and is not survey data.

AeA members can purchase Trade in the Cyberstates 2007 for $125; non-members for $250. Visit www.aeanet.org/trade to download the report, or call 408.987.4200.

What Does High-Tech Trade Mean for California?

• $52 billion in high-tech exports (1st ranked cyberstate)
   
• Up $4 billion in tech exports between 2005 and 2006
   
• 41 percent of exports from California are tech exports (ranked 8th)
   
• 171,050 jobs in California are directly supported by tech exports

California’s Leading Tech Export Destinations:

• $6.1 billion in tech exports to Mexico
   
• $5.3 billion in tech exports to Canada
   
• $5.3 billion in tech exports to Japan

California’s Leading Tech Export Sectors:

• 1st in computers and peripheral equipment exports at $13.2 billion
   
• 1st in semiconductor exports at $12.7 billion
   
• 1st in industrial electronics exports at $9.9 billion

Source: Trade in the Cyberstates 2007

Data are for 2006.

Published by AeA, Advancing the Business of Technology (www.aeanet.org)

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AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry, is dedicated solely to helping our members’ top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit www.aeanet.org.

This page was last updated on 07/16/07.  
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