Missouri’s High-Tech Exports Up 10 Percent in 2007
Consumer Electronics Exports More Than Triple in 2007

Oakbrook Terrace, IL (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.

High-tech exports from Missouri increased $74 million, or 10 percent, for a total of $774 million in 2007. High-tech exports accounted for six percent of the state’s total exports and supported 3,000 jobs. The fastest growing tech sector in the state was consumer electronics, whose exports more than tripled from $21 million in 2006 to $65 million in 2007.

“Despite high-tech exports being down nationally in 2007, Missouri’s tech industry exported 10 percent more than it did in 2006,” said Ed Longanecker, Executive Director of AeA’s Midwest Council. “Since 2001 high-tech exports from the state have increased by $216 million, a 39 percent increase. The high-tech industry is critical to the few thousand workers in the Show Me State whose jobs are dependant on the exports of tech products. Our main trading partner is currently Canada, but we hope that future free trade agreements with counties in Latin America and Asia could allow us to increase our exports and target new markets.”

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 Missouri?

• $774 million in high-tech exports (37th ranked cyberstate)
   
• Up $74 million in tech exports between 2006 and 2007
   
• Six percent of exports from Missouri are tech exports (42nd ranked cyberstate)
   
• 3,000 jobs in Missouri are supported by tech exports

Missouri’s Leading Tech Export Destinations:

• $266 million in tech exports to Canada
   
• $68 million in tech exports to Mexico
   
• $67 million in tech exports to China

Missouri’s Leading Tech Export Sectors:

• 19th in electronic components exports at $198 million
   
• 33rd in industrial electronics exports at $222 million
   
• 35th in computers and peripheral equipment exports at $83 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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