$2.3 Billion of Indiana’s Exports for 2006 Are High-Tech Goods
Indiana Ranks 6th in the Nation for Consumer Electronics Exports ($470 Million)

Oakbrook Terrace, IL  (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.

High-tech exports for Indiana reached $2.3 billion in 2006, jumping by $81 million from 2005. Approximately one-tenth of all exports from the state were high-tech products. Canada received over one-third of Indiana’s high-tech exports in 2006 ($868 million), far more than any other single destination.

“The state of Indiana provides companies with a wonderful location to do business,” said Dr. Donald Brown, President and CEO of Interactive Intelligence based in Indianapolis.  “The high-tech industry has become a vital part of the state’s economy, with tech sales comprising one-tenth of all Indiana’s exports.  At first glance that may not seem like a particularly impressive fraction, but over 10,000 Indiana jobs are directly linked to that 10 percent.  And for our company, over 1/3 of our revenue is from exporting.”

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 Indiana?

• $2.3 billion in high-tech exports (23rd ranked cyberstate)
   
• Up $81 million in tech exports between 2005 and 2006
   
• 10 percent of exports from Indiana are tech exports (ranked 35th)
   
• 10,200 jobs in Indiana are directly supported by tech exports

Indiana’s Leading Tech Export Destinations:

• $868 million in tech exports to Canada
   
• $210 million in tech exports to Mexico
   
• $195 million in tech exports to the United Kingdom

Indiana’s Leading Tech Export Sectors:

• 6th in consumer electronic exports at $470 million
   
• 18th in computers and peripheral equipment exports at $614 million
   
• 18th in industrial electronics exports at $503 million

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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About AeA

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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