Tech Trade Update 2003

• Technology goods exports fell 26% from $223 billion in 2000 to $166 billion in 2002.
• High-tech goods imports decreased 19%, from $271 billion in 2000 to $220 billion in 2002.
• The deficit in technology goods trade was a record $54 billion in 2002.
• U.S. tech services sold abroad through subsidiaries totaled $95 billion in 2000, while foreign subsidiaries sold $37 billion in tech services to U.S. customers.
• This surplus of tech services sold through subsidiaries totaled $58 billion, more than any technology goods deficit recorded.
• U.S. tech services sold abroad by U.S.-based companies as cross-border exports totaled $17 billion in 2001. This compares to U.S. cross-border tech imports of $7 billion, resulting in a $10 billion surplus.

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This page was last updated on 06/18/03.  
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