New York's Tech Exports Total $9.1 Billion in 2006, Ranked 5^th Nationwide
New York Tech Exports Are Up 2 Percent in 2006

Albany, NY (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. 

New York is the nation's 5^th largest tech exporting state with $9.1 billion in 2006, up 2 percent from $9.0 billion in 2005.  Tech exports from New York dipped after the technology bubble burst going from $9.2 billion in 2000 to a low of $7.4 billion in 2003.  Having recovered, tech exports now account for 16 percent of all exports from New York, directly supporting over 45,000 jobs.

"New York's tech industry is one of the largest in the nation, exporting literally billions of dollars of exports to the world," said Justin Wright, Executive Director of AeA's New York Council.  "These exports support tens of thousands of jobs here in the Empire State and are critical to our economy.  We need public policy that supports opening foreign markets, while at the same time helping those at home to deal with the effects of globalization."

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 York?

• $9.1 billion in high-tech exports (5^th ranked cyberstate)
   
• Up $135 million in tech exports between 2005 and 2006
   
• 16 percent of exports from New York are tech exports (ranked 22^nd)
   
• 46,400 jobs in New York are directly supported by tech exports

New York’s Leading Tech Export Destinations:

• $1.6 billion in tech exports to Canada
   
• $888 million in tech exports to Japan
   
• $501 million in tech exports to Israel

New York’s Leading Tech Export Sectors:

• 4^th in computers and peripheral equipment exports at $2.5 billion
   
• 4^th in industrial electronics exports at $1.9 billion
   
• 10^th in semiconductor exports at $1.5 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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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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