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Clark, NJ (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 goods exports from Pennsylvania have been rising since 2004 and
totaled $3.6 billion in 2007. The increase of $108 million, or three percent
in 2007, makes Pennsylvania the 13th largest cyberstate based on high-tech
exports. The three leading tech sectors in Pennsylvania were industrial
electronics with $995 million, electronic components with $842 million, and
communications equipment with $556 million.
“Tech exports have been rising for the last four years and now support about
12,500 jobs in the Keystone State,” said Peter J. Boni, President and CEO,
Safeguard Scientifics, Inc. “Pennsylvania’s two leading tech export
destinations are Canada and Mexico. Exports to these two NAFTA partners have
increased over the last two years. We need to keep growing the high paying
tech jobs that produce these exports by continuing to open new markets
overseas. Trade is good for the United States and good for the state of
Pennsylvania.”
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 Pennsylvania?
- $3.6 billion in high-tech exports (14th
ranked cyberstate)
- Up $108 million in tech exports between
2006 and 2007
- 13 percent of exports from Pennsylvania
are tech exports (29th ranked cyberstate)
- 12,500 jobs in Pennsylvania are supported
by tech exports
Pennsylvania’s Leading Tech Export
Destinations:
- $710 million in tech exports to Canada
- $341 million in tech exports to Mexico
- $237 million in tech exports to Germany
Pennsylvania’s Leading Tech Export Sectors:
- 5th in electronic components exports at
$842 million
- 11th in industrial electronics exports
at $995 million
- 13th in communications equipment exports
at $556 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
09/22/08.
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