Ohio’s High-Tech Exports Leap $531 Million in 2006
Ohio Exports a Total of $3.3 Billion of Tech Products 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.

Ohio’s high-tech exports climbed by $531 million to $3.3 billion in 2006.  Each of the state’s top five technology sectors saw an increase in their export amounts over the previous year; particularly notable was the industrial electronics sector with exports growing by $206 million from 2005 to approximately $1.2 billion in 2006.

“The state of Ohio provides companies with an extraordinary environment in which to do business and to manufacture their products,” said Joseph P. Keithley, Chairman, President & CEO, Keithley Instruments, Inc.  “The high-tech sector has become a vibrant component of Ohio’s economy.  The tech industry provided Ohio with $3.3 billion in export revenue, directly supporting thousands of jobs.  We need to make sure we are doing all we can to support this growth and continued economic development in our state.”

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 Ohio?

• $3.3 billion in high-tech exports (16^th  ranked cyberstate)
   
• Up $531 million in tech exports between 2005 and 2006
   
• 9 percent of exports from Ohio are tech exports (ranked 39^th)
   
• 13,000 jobs in Ohio are directly supported by tech exports

Ohio’s Leading Tech Export Destinations:

•  $852 million in tech exports to Canada
   
• $248 million in tech exports to China
   
• $236 million in tech exports to Germany

Ohio’s Leading Tech Export Sectors:

• 7^th in industrial electronics exports at $1.2 billion
   
• 12^th in electromedical equipment exports at $416 million
   
•  21^st in computers and peripheral equipment exports at $560 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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This page was last updated on 07/18/07.  
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