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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.
Since 2001, high-tech exports from Wisconsin have increased by 86 percent,
the eighth largest export growth in the nation over that time period. For
first time in 2007 this upward trend was reversed and high-tech exports
decreased by 10 percent from their level in 2006. Despite that, Wisconsin is
still ranked 12th nationwide in high-tech exports with $3.9 billion in 2007.
“High-tech exports are integral to Wisconsin’s economy, as they comprise
one-fifth of our total exports” said Ed Longanecker, Executive Director of
AeA’s Midwest Council. “In 2007 we saw a decrease of $372 million in
industrial electronics exports, which explains most of the $437 million
drop. Nevertheless, tech exports supported 13,100 Wisconsin jobs. We need to
continue expanding markets overseas if we want to grow this high-paying
market. Free trade agreements that have been concluded with Colombia,
Panama, and South Korea should be passed by Congress and signed into law.”
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 Wisconsin?
- $3.9 billion in high-tech exports (12th
ranked cyberstate)
- Down $437 million in tech exports between
2006 and 2007
- 21 percent of exports from Wisconsin are
tech exports (17th ranked cyberstate)
- 13,100 jobs in Wisconsin are supported by
tech exports
Wisconsin’s Leading Tech Export
Destinations:
- $434 million in tech exports to Canada
- $389 million in tech exports to China
- $291 million in tech exports to Japan
Wisconsin’s Leading Tech Export Sectors:
- 5th in photonics exports at $348 million
- 6th in electromedical exports at $1.0
billion
- 12th in communications equipment exports
at $575 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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