Connecticut's Tech Exports Total $1.9 Billion in 2006
Tech Exports in Connecticut Jumped 22 Percent Between 2000 and 2006

Woburn, MA (July 17, 2007) – AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry, today released a special trade report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2007: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.

Connecticut's tech exports totaled $1.9 billion in 2006, up 22 percent from $1.6 billion in 2000. Technology exports accounted for 16 percent of all exports from Connecticut, and industrial electronics was the largest tech export sector for Connecticut.

"High-tech international trade in Connecticut has been growing over the past couple of years, supporting thousands of jobs in the state," said Anne Doherty Johnson, Executive Director, AeA New England Council.  "Jobs in the tech industry pay over 40 percent more than in the private sector in Connecticut.  Hopefully, our elected officials understand that trade means high paying jobs."

Nationally, Trade in the Cyberstates 2007 shows that international trade of high-tech goods continues to rise. High-tech goods exports grew by 10 percent for a total of $220 billion in 2006, representing 21 percent of all U.S. exports to the world. High-tech imports totaled $322 billion in 2006, up by 9 percent, resulting in a tech trade deficit of $102 billion. Nationwide, tech exports directly supported 683,900 jobs in the United States.

Trade in the Cyberstates 2007 provides a comprehensive review of international trade of high-tech goods at the national and state-by-state level. The report provides 52 state overview pages highlighting high-tech exports with detailed data on historical export trends, exports by individual tech sector, and leading export destinations by country.

This report is a partner publication to AeA's annual flagship publication, Cyberstates, which provides national and state-by-state data on high-tech jobs, wages, payroll, and other factors. In the past, the high-tech trade data was included in the Cyberstates report. This new report provides a tremendous amount of detailed data that was not previously published. Like Cyberstates, Trade in the Cyberstates uses official government statistics and is not survey data.

AeA members can purchase Trade in the Cyberstates 2007 for $125; non-members for $250. Visit www.aeanet.org/trade to download the report, or call 408.987.4200.

What Does High-Tech Trade Mean for Connecticut?

• $1.9 billion in high-tech exports (26th ranked cyberstate)
   
• Up $92 million in tech exports between 2005 and 2006
   
• 16 percent of exports from Connecticut are tech exports (ranked 24th)
   
• 11,100 jobs in Connecticut are directly supported by tech exports

Connecticut’s Leading Tech Export Destinations:

• $269 million in tech exports to Canada
   
• $204 million in tech exports to Japan
   
• $190 million in tech exports to Mexico

Connecticut’s Leading Tech Export Sectors:

• 7th in photonics exports at $301 million
   
• 16th in electronic components exports at $269 million
   
• 17th in industrial electronics exports at $563 million

Source: Trade in the Cyberstates 2007

Data are for 2006.

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 with 2,500 member companies 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 www.aeanet.org.

This page was last updated on 07/16/07.  
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