70 Percent of Exports from Idaho Are Tech
Idaho's Tech Exports Total $2.6 Billion in 2006, Up 15 Percent

Redmond, WA  (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.

Tech goods exports from Idaho totaled $2.6 billion in 2006, up $345 million or 16 percent from 2005. However, over the six year period tech exports are still down from the $2.8 billion exported in 2000. Idaho has the third highest concentration of tech exports as a percent of total exports at 70 percent.

"With tech accounting for 70 percent of our state's total exports, trade is critically important for Idaho," said Terry Byington, Executive Director, AeA Washington Council, representing Idaho. "The semiconductor sector accounts for $2.1 billion in exports for Idaho. These exports help support thousands of well paying jobs. And, with South Korea as the third largest destination for our tech goods, we need our politicians to support the pending free trade deal with South Korea to further open this critical market."

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 Idaho?

• $2.6 billion in high-tech exports (22nd ranked cyberstate)
   
• Up $345 million in tech exports between 2005 and 2006
   
• 70 percent of exports from Idaho are tech exports (ranked 3rd)
   
• 6,900 jobs in Idaho are directly supported by tech exports

Idaho’s Leading Tech Export Destinations:

• $529 million in tech exports to China
   
• $463 million in tech exports to Singapore
   
• $250 million in tech exports to South Korea

Idaho’s Leading Tech Export Sectors:

• 6th in semiconductor exports at $2.1 billion
   
• 24th in computers and peripheral equipment exports at $424 million
   
• 38th in industrial electronics exports at $73 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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