Maryland’s Tech Exports Total $1.4 Billion
Maryland’s High-Tech Exports Fell $44 Million in 2006

Washington, DC  (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 goods exports from Maryland totaled $1.4 billion in 2006, down by $44 million, or 3 percent from 2005. High tech comprises 18 percent of the state’s total exports. The largest high- tech export sectors were communications equipment with $462 million, and industrial electronics with $381 million.

“High tech plays a vital role in Maryland’s economy,” said Michael Bristol, Senior Vice President, Network Solutions Group. “With nearly one-fifth of the state’s exports comprised of high tech, and which in turn directly support 5,000 jobs, we cannot understate the importance of continued technology export growth to the health of our state 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 Maryland?

• $1.4 billion in high-tech exports (29th ranked cyberstate)
   
• Down $44 million in tech exports between 2005 and 2006
   
• 18 percent of exports from Maryland are tech exports (ranked 19th)
   
• 5,000 jobs in Maryland are directly supported by tech exports

Maryland’s Leading Tech Export Destinations:

• $150 million in tech exports to Canada
   
• $150 million in tech exports to the United Kingdom
   
• $124 million in tech exports to Algeria

Maryland’s Leading Tech Export Sectors:

• 12th in communications equipment exports at $462 million
   
• 22nd in semiconductor exports at $191 million
   
• 24h in industrial electronics exports at $381 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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