Massachusetts's Exports $9.6 Billion in Tech Goods
40 Percent of Exports from Massachusetts Are Tech

Woburn, MA  (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.

Massachusetts's tech exports totaled $9.6 billion in 2006, up 11 percent from $8.7 billion in 2005, although still down from the $11.8 billion in 2000. Tech represents an important part of the export environment for Massachusetts with tech accounting for 40 percent of total exports.

"As the 4th largest high-tech exporting state, Massachusetts gains tremendously from tech trade," said Anne Doherty Johnson, Executive Director, AeA New England Council. "Technology trade directly supports tens of thousands of well-paid jobs here in the Bay State. We need to pursue policies that continue to open foreign markets, protect intellectual property, and ultimately, support those American jobs created because of trade."

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 Massachusetts?

• $9.6 billion in high-tech exports (4th ranked cyberstate)
   
• Up $931 million in tech exports between 2005 and 2006
   
• 40 percent of exports from Massachusetts are tech exports (ranked 9th)
   
• 29,200 jobs in Massachusetts are directly supported by tech exports

Massachusetts’s Leading Tech Export Destinations:

• $1.3 billion in tech exports to Japan
   
• $893 million in tech exports to Germany
   
• $794 million in tech exports to China

Massachusetts’s Leading Tech Export Sectors:

• 3rd in industrial electronics exports at $3.4 billion
   
• 7th in semiconductor exports at $1.9 billion
   
• 9th in computers and peripheral equipment exports at $1.3 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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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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