Tech Exports from Texas Grew the Fastest in 2006
Texas Is Nation's 2^nd Largest Technology Export State at $39 Billion

Dallas, TX (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.

Texas was the nation's second largest tech exporting state with $39 billion in technology exports in 2006.  Tech exports from Texas grew by $4.5 billion in 2006, making Texas numerically the fastest growing state nationwide.  Over one-quarter of all exports from Texas are technology products.

"Technology exports from Texas have long since recovered from the bursting of the tech bubble earlier this decade, growing the fastest of any state in the nation," said Phil Wilson, Texas Secretary of State.  "The untold story here is that not only do tech exports contribute significantly to Texas's economy, but it also means jobs.  Here in the Lone Star State, some 100,000 jobs are directly tied to these exports.  We need policies that continue to open markets overseas."

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 Texas?

• $38.6 billion in high-tech exports (2^nd ranked cyberstate)
   
• Up $4.5 billion in tech exports between 2005 and 2006
   
• 26 percent of exports from Texas are tech exports (ranked 14^th)
   
• 100,600 jobs in Texas are directly supported by tech exports

Texas’ Leading Tech Export Destinations:

• $14.6 billion in tech exports to Mexico
   
• $3.5 billion in tech exports to Canada
   
• $2.5 billion in tech exports to South Korea

Texas’ Leading Tech Export Sectors:

• 1^st in communications equipment exports at $8.0 billion
   
• 2^nd in semiconductor exports at $10.5 billion
   
•  2^nd in computers and peripheral equipment exports at $8.1 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 http://www.aeanet.org.

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