New Jersey's Tech Exports Totaled $3.4 Billion in 2006
12 Percent of New Jersey's Exports Are Tech

Clark, NJ (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 New Jersey totaled $3.4 billion in 2006, up from $3.3 billion in 2005.  Given that total exports from New Jersey were $27 billion, tech accounts for 12 percent of the total.  The largest tech industry export sector in New Jersey was industrial electronics, exporting $921 million in 2006.

”High-tech exports are significant and an extremely important element of New Jersey's economy," said Thomas Shields, Chairperson for the NJ-PA Council Executive Committee.  "These exports support tens of thousands of jobs in the Garden State.  Through public policy, we have the ability to open and tap new markets overseas, while protecting the intellectual property that drives the production of tech products."

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 New Jersey?

• $3.4 billion in high-tech exports (14^th ranked cyberstate)
   
• Up $37 million in tech exports between 2005 and 2006
   
• 12 percent of exports from New Jersey are tech exports (ranked 30^th)
   
• 13,000 jobs in New Jersey are directly supported by tech exports

New Jersey’s Leading Tech Export Destinations:

•  $495 million in tech exports to Canada
   
• $362 million in tech exports to Japan
   
• $314 million in tech exports to Germany

New Jersey’s Leading Tech Export Sectors:

• 11^th in communications equipment exports at $520 million
   
• 13^th in industrial electronics exports at $921 million
   
• 20^th in computers and peripheral equipment exports at $571 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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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 http://www.aeanet.org.

This page was last updated on 07/18/07.  
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