Massachusetts' Tech Exports Total $8.7 Billion in 2007
35 Percent of Exports from Massachusetts Are High-Tech

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.

Massachusetts' tech exports totaled $8.7 billion in 2007, down nine percent from $9.6 billion in 2006. High tech represents an integral part of the state’s economy with technology goods accounting for 35 percent of total exports. Massachusetts’s leading export sector was industrial electronics, accounting for 2.5 billion of exports, third ranked in the nation. The state also ranked fourth in electromedical equipment exports at $1.3 billion

"As the 5th largest high-tech exporting state, Massachusetts’ economy gains tremendously from technology trade," said Anne Doherty Johnson, Executive Director, AeA New England Council. "High-tech exports support 30,300 jobs in the state. The United States needs to pursue policies that continue to open foreign markets, protect intellectual property, and ultimately, support those American jobs created as a result of trade. NAFTA has shown positive results for the Bay State as Canada is a major destination for our high-tech goods. Similar Free Trade Agreements pending with South Korea, Colombia, and Panama would provide for new markets for these exports."

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 Massachusetts?

• $8.7 billion in high-tech exports (5th ranked cyberstate)
   
• Down $855 million in tech exports between 2006 and 2007
   
• 35 percent of exports from Massachusetts are tech exports (9th ranked cyberstate)
   
• 30,300 jobs in Massachusetts are supported by tech exports

Massachusetts’s Leading Tech Export Destinations:

• $945 million in tech exports to Japan
   
• $944 million in tech exports to Germany
   
• $729 million in tech exports to Canada

Massachusetts’s Leading Tech Export Sectors:

• 3rd in industrial electronics exports at $2.5 billion
   
• 4th in electromedical equipment exports at $1.3 billion
   
• 8th in semiconductor exports at $2.0 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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