Missouri’s High-Tech Exports Total $698 Million in 2006
Tech Exports from Missouri Edge Downward in 2006

Oakbrook Terrace, IL (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. 

Exports of high-tech products from Missouri totaled $698 million in 2006, down $4 million from 2005.  Electronic component exports rose by $20 million, totaling $210 million in 2006, while industrial electronics exports declined by $15 million to $200 million in 2006.

“Missouri provides many unique resources and strengths for companies to conduct business,” said Ed Longanecker, Executive Director, AeA Midwest Council.  “The high-tech industry is of critical importance to the approximately 2,600 people whose jobs are directly dependant on the exports of tech products and holds great potential for future growth.”

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 Missouri?

• $698 million in high-tech exports (36^th  ranked cyberstate)
   
• Down $4 million in tech exports between 2005 and 2006
   
• 5 percent of exports from Missouri are tech exports (ranked 44^th)
   
• 2,600 jobs in Missouri are directly supported by tech exports

Missouri’s Leading Tech Export Destinations:

• $182 million in tech exports to Canada
   
• $75 million in tech exports to Mexico
   
• $65 million in tech exports to China

Missouri’s Leading Tech Export Sectors:

• 19^th in electronic components exports at $210 million
   
• 32^nd in industrial electronics exports at $200 million
   
• 34^th in computers and peripheral equipment exports at $80 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 http://www.aeanet.org.

This page was last updated on 07/18/07.  
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