Indiana’s Exports Total $2.2 Billion of in 2007
Indiana Ranks 5th in the Nation for Consumer Electronics Exports

Oakbrook Terrace, IL (September 23, 2008) – AeA, the nation’s largest technology trade association representing all segments of the high-tech industry, today released its annual report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2008: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.

High-tech exports from Indiana totaled $2.2 billion in 2007, a decline of $177 million from the previous year. The majority of these exports – $302 million – were consumer electronics products, an export sector where Indiana ranks fifth in the nation. Since the bursting of the high-tech bubble in 2001, Indian’s tech exports have risen by $422 million, or 24 percent. Indiana’s two largest export destinations were our NAFTA trading partners. Tech exports to Canada and Mexico totaled $737 billion and 164 billion, respectively.

“When it comes to high-tech exports from the Hoosier State, the short term news is disappointing but the long term news has been positive,” said Ed Longanecker, Executive Director of AeA’s Midwest Council. “Over time, high-tech exports have become more and more important to the state. In 2007, 6,800 Indiana jobs were supported by high-tech exports. State officials need to ensure that Indiana retains a business friendly environment and officials in Washington need to support policies that open new markets overseas for U.S. exports.”

Nationally, Trade in the Cyberstates 2008 shows that U.S. high-tech goods exports decreased by three percent in 2007, totaling $214 billion, representing 18 percent of all U.S. exports to the world. High-tech imports totaled $333 billion in 2007, up by three percent, resulting in a high-tech trade deficit of $118 billion. High-tech exports supported 894,600 jobs in the United States.

Trade in the Cyberstates 2008 provides a comprehensive review of international trade of high-tech goods at the national and state-by-state level. The report provides overview pages for all 50 states, the District of Columbia, and Puerto Rico. These "snapshot" pages highlight historical high-tech export trends, exports by individual tech sector, and leading export destinations.

This report is a partner publication to AeA's other two annual cyber publications, Cyberstates and Cybercities, which provide data on high-tech jobs, wages, payroll, and other factors at the state and metropolitan levels.

AeA members can purchase each of these reports for $125; non-members for $250. Visit www.aeanet.org/research to purchase the reports.

What Does High-Tech Trade Mean for Indiana?

• $2.2 billion in high-tech exports (24th ranked cyberstate)
   
• Down $177 million in tech exports between 2006 and 2007
   
• 8 percent of exports from Indiana are tech exports (36th ranked cyberstate)
   
• 6,800 jobs in Indiana are supported by tech exports

Indiana’s Leading Tech Export Destinations:

• $737 million in tech exports to Canada
   
• $164 million in tech exports to Mexico
   
• $126 million in tech exports to the United Kingdom

Indiana’s Leading Tech Export Sectors:

• 5th in consumer electronic exports at $302 million
   
• 18th in computers and peripheral equipment exports at $652 million
   
• 20th in industrial electronics exports at $512 million

Source: Trade in the Cyberstates 2008

Data are for 2007.

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 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 09/16/08.  
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