Michigan’s High-Tech Exports Climb by $123 Million in 2006
Michigan Exports $1.9 Billion of High-Tech Goods in 2006

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 from Michigan totaled $1.9 billion in 2006, a $123 million increase from 2005.  Over the six year period examined, tech exports from Michigan jumped by $230 million.  By 2006, the largest tech export sector was industrial electronics at $881 million.

“Michigan has always been a fantastic environment for manufacturers in all industries,” said Ed Longanecker, Executive Director, AeA Midwest Council.  “The high-tech sector may provide only five percent of Michigan’s total exports, but the nearly $2 billion generated by high-tech product exports is of crucial value to the over 7,000 people whose jobs depend on that revenue.”

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 Michigan?

• $1.9 billion in high-tech exports (25^th  ranked cyberstate)
   
• Up $123 million in tech exports between 2005 and 2006
   
• 5 percent of exports from Michigan are tech exports (ranked 45^th)
   
• 7,700 jobs in Michigan are directly supported by tech exports

• $709 million in tech exports to Canada
   
• $216 million in tech exports to Mexico
   
• $109 million in tech exports to Germany

Michigan’s Leading Tech Export Sectors:

• 11^th in consumer electronics exports at $250 million
   
• 14^th in industrial electronics exports at $881 million
   
• 17^th in electronic component exports at $244 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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This page was last updated on 07/18/07.  
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