Utah's Tech Exports Total $722 Million in 2006
Utah's Tech Exports Dropped $268 Million in 2006

Broomfield, CO (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 Utah totaled $722 million 2006, down by $268 million from 2005.  While industrial electronics exports climbed from $137 million in 2005 to $173 million in 2006, eletromedical equipment exports and semiconductor exports contracted.  Eleven percent of all exports from Utah are composed of tech products.

"High-tech exports play an important role in Utah’s economy,” said Jessica Wright, Executive Director, AeA Mountain States Council.  "Over a tenth of our exports come from the technology industry, supporting thousands of jobs for Utah’s citizens.  We need to make sure that those responsible for creating public policy provide open access to overseas markets so we can continue to sell our goods and services."

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 Utah?

• $722 million in high-tech exports (35^th ranked cyberstate)
   
• Down $268 million in tech exports between 2005 and 2006
   
• 11 percent of exports from Utah are tech exports (ranked 33^rd)
   
• 2,800 jobs in Utah are directly supported by tech exports

Utah’s Leading Tech Export Destinations:

• $104 million in tech exports to the Philippines
   
• $80 million in tech exports to Canada
   
• $78 million in tech exports to Japan

Utah’s Leading Tech Export Sectors:

• 20^th in electromedical equipment exports at $190 million
   
• 23^rd in semiconductor exports at $177 million
   
• 34^th in industrial electronics exports at $173 million

Source: Trade in the Cyberstates 2007

Data are for 2006.

Published by AeA, Advancing the Business of Technology (www.aeanet.org)

- # # # -

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 http://www.aeanet.org.

This page was last updated on 07/18/07.  
Copyright © 2007 American Electronics Association.  All rights reserved.