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U.S. Technology Exports to
the World Up by $20 Billion in 2004 Washington, DC, April 26, 2005 – U.S. high-tech goods exports increased by 12 percent from $171 billion in 2003 to $191 billion in 2004, according to Cyberstates 2005, a study released today by AeA. It also shows that U.S. electronics imports rose by 17 percent during the same time period, and that the technology goods deficit in 2004 was a record $80 billion. AeA's report Cyberstates 2005 shows that this is the second year in a row where high-tech exports have increased. Furthermore, the increases in 2004 span all industry sectors, from industrial electronics (+28%) and communications equipment (+20%) to photonics (+20%) and electromedical equipment (+12%). “These data further reinforce the idea that the technology industry has turned a corner, as both high-tech exports and imports are up,” said William T. Archey, President of AeA. “Although, one has to be careful when analyzing the increase in high-tech imports, particularly from China, Taiwan, and Mexico, because a significant portion of these imports are really intra-company transfers from U.S. production facilities overseas who are shipping finished products back to the United States." On a country basis, the largest markets for U.S. high-tech exports in 2004 were the European Union ($41 billion), Mexico ($28 billion), Canada ($27 billion), Japan ($13 billion), South Korea ($9.0 billion), and China ($8.7 billion). On the other side of the trade picture, the United States imported the most high-tech products from China ($68 billion), Mexico ($37 billion), Japan ($32 billion), the European Union ($31 billion), and Malaysia ($22 billion). This eighth edition of Cyberstates provides a comprehensive review of the high-tech industry nationally and state-by-state by high-tech employment, wages, payroll, establishments, and trade. Cyberstates also offers data on venture capital investments and R&D expenditures. AeA members can purchase the report for $95; non-members for $190. Visit www.aeanet.org to download the report, or call 800.284.4232 or 408.987.4200. U.S.
High-Tech Goods Exports
U.S.
High-Tech Goods Exports by Country
U.S.
High-Tech Goods Imports by Country
NOTE TO EDITORS: Press releases focusing on U.S. high-tech trade as well as on specific states are available on AeA’s website. - ## -
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