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FOREWORD
This is AeA’s second annual edition of
Trade in the Cyberstates: A
State-by-State Overview of High-Tech International Trade. It
provides new 2007 data on high-technology trade at the national level and
export data for all 50 states, the District of Columbia, and Puerto Rico.
The report is a partner to AeA’s annual flagship publications,
Cyberstates and Cybercities, which examine the high-tech
industry at the national, state, and metropolitan levels focusing on
employment, wages, establishments, payroll, employment concentration, and
wage differential. The most recent editions, Cyberstates 2008 and
Cybercities 2008, were published in April and June, respectively.
Both are available for purchase at:
www.aeanet.org/research.
In 2007, AeA decided to publish the high-tech trade data in a separate
report because it allows us to provide a much more detailed and
comprehensive picture of the growing importance of trade to the U.S.
economy. We believe that an understanding of the magnitude and direction
of high-tech trade flows can help inform public policy at a time when
three bilateral Free Trade Agreements (FTAs) --- with Colombia, Panama,
and South Korea --- have been completed and are eligible for consideration
by Congress. Additionally, U.S. negotiators are trying to revive
multilateral trade talks in the Doha Round of the World Trade Organization
(WTO). Lastly, trade has become a key issue in the 2008 presidential
campaign.
Trade in the Cyberstates 2008 relies on official import and export
goods data from the U.S. Department of Commerce’s Bureau of the Census.
All export data contained within this publication are expressed on a Total
Census Basis and the values are in current U.S. dollars. The import data
includes “intra-company” transfers, which are finished products being
shipped from U.S. production facilities overseas back to the United
States.
U.S. high-tech merchandise exports totaled $214 billion in 2007,
decreasing three percent from $220 billion in 2006. However, tech exports
have risen 14 percent since 2001 and represented the single largest
merchandise export sector in the United States in 2007, accounting for 18
percent of the total U.S. exports.
Twenty-nine cyberstates saw tech export growth between 2006 and 2007. The
largest growth was in Virginia, Florida, Idaho, New Jersey, and Utah, as
measured by dollar increase. California was the leading high-tech export
state with $48.2 billion in exports in 2007, followed by Texas with $35.9
billion. Florida, New York, and Massachusetts rounded out the top five.
The largest decreases in tech exports in 2007 occurred in California,
Texas, and Colorado.
Trade in the Cyberstates 2008 also looks at the concentration of
tech exports state-by-state. As a percentage of total exports, Vermont had
the highest concentration --- 75 percent of its exports were manufactured
by the high-tech industry. High tech accounted for more than 60 percent of
total exports in Idaho and New Mexico.
The data show unequivocally that high-tech trade is a critical component
of our national economy and of the economies of each and every state. This
report provides 52 overview pages (all 50 states plus the District of
Columbia and Puerto Rico) that highlight each state’s high-tech exports,
with detailed data on historical export trends, exports by individual tech
sector, tech export concentration, and leading export destinations.
The overview pages also detail the number of jobs in each state supported
by high-tech exports. Calculations based on data from the U.S. Bureau of
the Census find that U.S. high-tech exports support 894,600 domestic jobs.
Opening new markets to trade and expanding existing markets is critical to
maintaining American competitiveness in the global marketplace. Trade
contributes greatly to economic growth and prosperity both domestically
and worldwide. Opening foreign markets to U.S. exports is the only way to
turn trade deficits into surpluses. Exports support hundreds of thousands
of jobs in the United States and put more money in the pockets of American
consumers by allowing in low cost goods from around the world.
Throughout history, trade has brought prosperity and improved living
standards in those countries that have embraced it. The United States is
probably the best example of this. Conversely, protectionist policies that
shut a country off from the global marketplace lead to economic
stagnation.
By highlighting the importance of high-tech trade to our economy, we hope
this report will help convince policymakers and opinion leaders of the
need to support open trade policies wherever and whenever possible.
For more information on AeA’s public policy positions, please visit our
website to download several recent Competitiveness Series reports on trade
issues: www.aeanet.org/cs.
___Christopher W. Hansen
___President and CEO
___AeA, Advancing the Business of Technology
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To learn about high-tech trade in all 50 states, the
District of Columbia, and Puerto Rico buy Trade in the Cyberstates 2008
Online
TODAY or by calling 408.987.4200
Cost: $125 AeA members; $250
non-members.
Or email your name, company, address, phone,
and fax to csc@aeanet.org,
and we will call you back for your payment information. |
AeA, Advancing the Business of Technology
601 Pennsylvania Avenue, N.W.
North Building, Suite 600
Washington, DC 20004
202.682.9110
This page was last updated on
09/22/08.
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