Ohio’s High-Tech Exports Rise $185 Million in 2007
Ohio Exported $3.5 Billion of High-tech Goods in 2007

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, Ohio’s high-tech exports increased for the second year in a row, this time by $185, a six percent rise from 2006. The state’s four largest technology sectors all saw export growth in 2007. Industrial electronics is by far Ohio’s largest export sector, accounting for one third of all high-tech exports. Ohio’s largest export destinations are Canada, followed by Germany and China.

“We need to ensure that the growth in high-tech exports achieved in the last two years will continue in the future,” said Ed Longanecker, Executive Director of AeA’s Midwest Council. “High-tech exports support 10,700 jobs in the Buckeye State. Maintaining this growth through the opening of new foreign markets and preserving those jobs is integral for the economy of the state.”

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 Ohio?

• $3.5 billion in high-tech exports (15th ranked cyberstate)
   
• Up $185 million in tech exports between 2006 and 2007
   
• 8 percent of exports from Ohio are tech exports (37th ranked cyberstate)
   
• 10,700 jobs in Ohio are supported by tech exports

Ohio’s Leading Tech Export Destinations:

• $839 million in tech exports to Canada
   
• $341 million in tech exports to Germany
   
• $253 million in tech exports to China

Ohio’s Leading Tech Export Sectors:

• 8th in industrial electronics exports at $1.2 billion
   
• 12th in electromedical equipment exports at $443 million
   
• 20th in computers and peripheral equipment exports at $578 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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