Vermont’s High-Tech Exports Total $2.8 Billion in 2007
75 Percent of All Exports from Vermont Are High-Tech Goods

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.

Despite the fact that high-tech exports fell for a second year in a row, Vermont continues to have the highest concentration of high-tech exports in the nation – 75 percent of all exports from Vermont are high-tech goods. Ninety percent of the state’s tech exports are semiconductors. Overwhelmingly, the leading destination for high-tech exports from Vermont is Canada.

“It’s vital to understand that Vermont’s economy is extremely dependent on the well-being of the technology sector,” said Anne Doherty Johnson, Executive Director, AeA New England Council. “With 75 percent of all exports coming from the high-tech industry – supporting 11,500 jobs in the state – it is critical to ensure that we have the right pro-business policies in place to support the growth of Vermont’s tech companies.”

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 Vermont?

• $2.8 billion in high-tech exports (22nd ranked cyberstate)
   
• Down $298 million in tech exports between 2006 and 2007
   
• 75 percent of exports from Vermont are tech exports (1st ranked cyberstate)
   
• 11,500 jobs in Vermont are supported by tech exports

Vermont’s Leading Tech Export Destinations:

• $1.1 billion in tech exports to Canada
   
• $338 million in tech exports to Hong Kong
   
• $251 million in tech exports to South Korea

Vermont’s Leading Tech Export Sectors:

• 6th in semiconductor exports at $2.5 billion
   
• 32nd in computers and peripheral equipment exports at $138 million
   
• 39th in industrial electronics exports at $74 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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