New Mexico High-Tech Exports Total 1.6 Billion in 2007
New Mexico Tech Exports Account for 63 Percent of State’s Total Exports

Scottsdale, AZ  (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 goods exports from New Mexico totaled $1.6 billion in 2007, down by $488 million, or 23 percent from 2006. The decline was due predominantly to exports of semiconductors, which were down $458 million. Nevertheless, more than half of all high-tech exports from New Mexico came from the semiconductor sector – $1.3 billion. New Mexico is 3rd in the nation in terms of high-tech export concentration, which is the percentage of the state’s total exports that are high tech.

“High-tech exports are vital for the economy of New Mexico,” said Bob Brilon, Interim Executive Director of the Arizona Council of AeA. “They comprised 63 percent of all exports from the state in 2007. These exports support 11,600 New Mexico jobs. Our leading export destinations are China, Malaysia, the Philippines, and South Korea. We believe that New Mexico would greatly benefit from the pending free trade agreement with South Korea, which has been completed but not yet sent to Congress for a vote.”

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 New Mexico?

• $1.6 billion in high-tech exports (27th ranked cyberstate)
   
• Down $488 million in tech exports between 2006 and 2007
   
• 63 percent of exports from New Mexico are tech exports (ranked 3rd)
   
• 11,600 jobs in New Mexico are supported by tech exports

New Mexico’s Leading Tech Export Destinations:

• $654 million in tech exports to China
   
• $476 million in tech exports to Malaysia
   
• $82 million in tech exports to the Philippines

New Mexico’s Leading Tech Export Sectors:

• 10th in semiconductor exports at $1.3 billion
   
• 28th in communications equipment exports at $95 million
   
• 31st in consumer electronics exports at $20 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 09/19/08.  
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