The District of Columbia Exports $92 Million of High-Tech Goods in 2006
Communications Equipment Continues to Remain the District’s Strongest Export Tech Sector

Washington, DC (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.

High-tech exports from the District of Columbia were $92 million in 2006, a $27 million decrease from 2005. The United Kingdom was the largest export destination for the District’s tech products, receiving $24.2 million of tech exports in 2006.

“High-tech exports play an important role in the District’s economy,” said Gregory Poersch, Executive Director, AeA Potomac Council.  “Locating a business in DC often has more to do with location and having access to good transportation and workers.  The District needs to do more to make themselves a business and production friendly environment.”

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 the District of Columbia?

• $92 million in high-tech exports (47th ranked cyberstate)
   
• Down $27 million in tech exports between 2005 and 2006
   
• 9 percent of exports from the District of Columbia are tech exports (ranked 38th)

The District of Columbia’s Leading Tech Export Destinations:

• $24.2 million in tech exports to the United Kingdom
   
• $11.3 million in tech exports to the United Arab Emirates
   
• $5.0 million in tech exports to Brazil

The District of Columbia’s Leading Tech Export Sectors:

• 37th in communications equipment exports at $35.5 million
   
• 41st in computers and peripheral equipment exports at $21.2 million
   
• 46th in industrial electronics exports at $25.2 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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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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