Connecticut’s Tech Exports Total $1.9 Billion in 2007
Tech Exports in Connecticut Increased 44 Percent from 2001 to 2007

Woburn, MA (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.

Connecticut’s high-tech exports totaled $1.9 billion in 2007, down two percent from 2006. High-tech goods made up 14 percent of the states total exports. Industrial electronics was the leading tech export sector with $538 million.

"While high-tech exports were down slightly in 2007, since the bursting of the tech bubble in 2001, high-tech exports from Connecticut have grown by a healthy 44 percent," said Anne Doherty Johnson, Executive Director, AeA New England Council. "This growth has also supported 5,600 jobs for the state. While Connecticut may be a small state, it is important for people to realize how important high-tech international trade is to our economy. We were disappointed that the latest negotiations in the World Trade Organization recently fell apart. Progress would have opened new markets for U.S. products and services. We hope to see these talks revived."

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 Connecticut?

• $1.9 billion in high-tech exports (25th ranked cyberstate)
   
• Down $31 million in tech exports between 2006 and 2007
   
• 14 percent of exports from Connecticut are tech exports (25th ranked cyberstate)
   
• 5,600 jobs in Connecticut are supported by tech exports

Connecticut’s Leading Tech Export Destinations:

• $247 million in tech exports to Germany
   
• $213 million in tech exports to Mexico
   
• $201 million in tech exports to Canada

Connecticut’s Leading Tech Export Sectors:

• 8th in photonics exports at $219 million
   
• 15th in electronic components exports at $281 million
   
• 18th in industrial electronics exports at $538 million

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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