Michigan’s High-Tech Exports Up $269 Million in 2007
Michigan Tech Exports See 7th Largest Growth in the Nation

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.

In 2007 Michigan’s exports of high-tech goods increased by $269 million, a 14 percent boost from 2006. This growth was the seventh largest in the country in 2007. Since the bursting of the high-tech bubble in 2001, tech exports from Michigan have jumped by $428 million, or 24 percent. In 2007, the largest tech export sector was industrial electronics at $956 billion, which also rose from its level in 2006.

“Despite a generally flagging economy, one bright spot is Michigan’s growth in high-tech exports,” said Ed Longanecker, Executive Director of AeA’s Midwest Council. “The $2.2 billion generated by high-tech product exports support 6,500 jobs in the Wolverine State. Michigan’s two largest export destination’s are our two NAFTA partners, Canada and Mexico. We believe that further free trade agreements with other countries in Asia and Latin America could open up new markets and provide additional opportunities to increase our 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 Michigan?

• $2.2 billion in high-tech exports (23rd ranked cyberstate)
   
• Up $269 million in tech exports between 2006 and 2007
   
• 5 percent of exports from Michigan are tech exports (43rd ranked cyberstate)
   
• 6,500 jobs in Michigan are supported by tech exports.

Michigan’s Leading Tech Export Destinations:

• $729 million in tech exports to Canada
   
• $254 million in tech exports to Mexico
   
• $141 million in tech exports to the Philippines

Michigan’s Leading Tech Export Sectors:

• 13th in industrial electronics exports at $956 million
   
• 13th in consumer electronics exports at $170 million
   
• 16th in electromedical equipment exports at $284 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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