California’s Tech Exports Total $48 Billion in 2007
California Ranks 1st in Exports in Six of the Eight High-Tech Sectors

Santa Clara, CA (September 23, 2008) – AeA, the nation’s largest technology trade association representing all segments of the high-tech industry, today released its annual report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2008: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.

California had the most high-tech exports of any state – $48.2 billion in 2007. California's tech exports fell by $3.5 billion, the largest numeric decline of any state. California led the nation in exports in six of the eight high-tech sectors. The state’s two largest sectors were computers and peripheral equipment ($12.3 billion) and semiconductors ($12.2 billion).

“No state benefits more from high-tech trade than California,” said Ed Keible, CEO, Endwave Corporation. “My company is a very good example of this as over 70 percent or our revenues come from foreign export. Having the largest tech economy in the country and one that contributes over 36 percent of our state’s total export revenues, we Californians must encourage our leaders in Washington to work together in the pursuit of fair trade agreements; agreements which reduce barriers in foreign markets for all our products and which, in turn, generate high-paid tech jobs for California’s workforce.”

Nationally, Trade in the Cyberstates 2008 shows that U.S. high-tech goods exports decreased by three percent in 2007, totaling $214 billion, representing 18 percent of all U.S. exports to the world. High-tech imports totaled $333 billion in 2007, up by three percent, resulting in a high-tech trade deficit of $118 billion. High-tech exports supported 894,600 jobs in the United States.

Trade in the Cyberstates 2008 provides a comprehensive review of international trade of high-tech goods at the national and state-by-state level. The report provides overview pages for all 50 states, the District of Columbia, and Puerto Rico. These "snapshot" pages highlight historical high-tech export trends, exports by individual tech sector, and leading export destinations.

This report is a partner publication to AeA's other two annual cyber publications, Cyberstates and Cybercities, which provide data on high-tech jobs, wages, payroll, and other factors at the state and metropolitan levels.

AeA members can purchase each of these reports for $125; non-members for $250. Visit www.aeanet.org/research to purchase the reports.

What Does High-Tech Trade Mean for California?

• $48 billion in high-tech exports (1st ranked cyberstate)
   
• Down $3.5 billion in tech exports between 2006 and 2007
   
• 36 percent of exports from California are tech exports (8th ranked cyberstate)
   
• 183,000 jobs in California are supported by tech exports
   

California’s Leading Tech Export Destinations:

• $5.0 billion in tech exports to Mexico
   
• $4.9 billion in tech exports to Canada
   
• $4.4 billion in tech exports to Japan

California’s Leading Tech Export Sectors:

• 1st in computers and peripheral equipment exports at $12.3 billion
   
• 1st in semiconductor exports at $12.2 billion
   
• 1st in industrial electronics exports at $7.9 billion

Source: Trade in the Cyberstates 2008

Data are for 2007.

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

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About AeA

AeA, the nation’s largest technology trade association 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 09/16/08.  
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