Florida Ranks 3rd by Tech Exports at $12.4 Billion
Florida's Tech Exports Grew by $1.4 Billion or 13 Percent in 2006

Orlando, FL (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.

Florida exported over $12 billion in technology goods, growing by 13 percent or $1.4 billion in 2006. This makes Florida the 3rd largest technology exporting state. Only California and Texas are larger. In terms of long-term tech export growth, Florida ranked second, adding $2.9 billion between 2000 and 2006. Only Texas grew faster.

"Currently, one-third of all exports from Florida are tech exports," said Maryann Fiala, Executive Director of AeA’s Florida Council. "People need to reexamine their preconceived notions about Florida. Our technology industry is large and growing. We serve as the gateway to Latin America and stand to gain significantly if the recent trade deals with Peru, Panama, and Colombia are passed."

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 Florida?

• $12.4 billion in high-tech exports (3rd ranked cyberstate)
   
• Up $1.4 billion in tech exports between 2005 and 2006
   
• 32 percent of exports from Florida are tech exports (ranked 13th)
   
• 51,900 jobs in Florida are directly supported by tech exports

Florida’s Leading Tech Export Destinations:

• $1.7 billion in tech exports to Brazil
   
• $1.4 billion in tech exports to Venezuela
   
• $898 million in tech exports to Mexico

Florida’s Leading Tech Export Sectors:

• 3rd in computers and peripheral equipment exports at $4.6 billion
   
• 3rd in communications equipment exports at $3.0 billion
   
• 9th in industrial electronics exports at $1.1 billion
   

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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