New York High-Tech Exports Total $8.9 Billion in 2007
New York’s Tech Exports Rank 4th Nationwide

Albany, NY  (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.

New York was the nation's 4th largest tech exporting state with $8.9 billion in 2007. This is down two percent from 2006 and is the first time since 2003 when high-tech exports declined year-to-year. Despite this slowdown, high-tech exports account for 13 percent of all exports from the state and supported 30,700 jobs in 2007.

"New York's tech industry is one of the largest in the nation," said Justin Wright, Executive Director of AeA’s New York Council. “The Empire State is the 4th largest exporter of computers and peripheral equipment, industrial electronics, and electronic components. These exports support tens of thousands of jobs and are integral to New York’s economy. State officials need to ensure that New York retains a business friendly environment and officials in Washington need to support policies that open new markets overseas for U.S. 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 New York?

• $8.9 billion in high-tech exports (4th ranked cyberstate)
   
• Down $275 million in tech exports between 2006 and 2007
   
• 13 percent of exports from New York are tech exports (30th ranked cyberstate)
   
• 30,700 jobs in New York are supported by tech exports

New York’s Leading Tech Export Destinations:

• $1.6 billion in tech exports to Canada
   
• $874 million in tech exports to Japan
   
• $509 million in tech exports to Hong Kong

New York’s Leading Tech Export Sectors:

• 4th in computers and peripheral equipment exports at $2.2 billion
   
• 4th in industrial electronics exports at $1.8 billion
   
• 4th in electronic components exports at $978 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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