New Mexico’s High-Tech Exports Leap By $158 Million in 2006
New Mexico Tech Exports Total $2.1 Billion, $1.8 Billion in Semiconductors Alone

Scottsdale, AZ (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 Mexico totaled $2.1 billion in 2006, an increase of $158 million from 2005.  Over half of all exports from New Mexico came from the semiconductor sector ($1.8 billion).

“High-tech goods manufacturers love the friendly business atmosphere New Mexico provides for their businesses, especially companies in the semiconductor industry,” said Misty Benham, Marketing and Communications Manager with Advent Solar, a New Mexico semiconductor manufacturer.  “This has proven especially beneficial for New Mexico, where 73 percent of all exports from New Mexico are tech products, making it 2^nd in the nation in terms of high-tech export concentration.  With $2.1 billion worth of tech exports supporting thousands of New Mexican jobs, the tech industry is a crucially vital component of the state’s 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 New Mexico?

• $2.1 billion in high-tech exports (24^th ranked cyberstate)
   
• Up $158 million in tech exports between 2005 and 2006
   
• 73 percent of exports from New Mexico are tech exports (ranked 2^nd)
   
• 2,500 jobs in New Mexico are directly supported by tech exports

New Mexico’s Leading Tech Export Destinations:

• $678 million in tech exports to China
   
• $490 million in tech exports to Malaysia
   
• $266 million in tech exports to the Philippines

New Mexico’s Leading Tech Export Sectors:

• 8^th in semiconductor exports at $1.8 billion
   
• 28^th in communications equipment exports at $90 million
   
• 36^th in industrial electronics exports at $106 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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