OAKBROOK TERRACE, Ill. AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry,today released a special trade report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2007: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.
High-tech exports from Wisconsin totaled $4.3 billion in 2006, jumping an impressive $827 million from the previous year. Wisconsin’s exports have grown steadily since 2000, even through the busting of the tech bubble, one of the few states where this occurred.
“The high-tech sector has become an integral component of Wisconsin’s economy,” said Ed Longanecker, Executive Director, AeA Midwest Council. “Since the year 2000, a consistent increase in the revenue generated by high-tech exports has given rise to a sector that supplies Wisconsin with a quarter of its exports and supports over 12,000 jobs in the state. We need to urge our government to continue to pursue policies that allow this invaluable industry to grow.”
Nationally, Trade in the Cyberstates 2007 shows that international trade of high-tech goods continues to rise. High-tech goods exports grew by 10 percent for a total of $220 billion in 2006, representing 21 percent of all U.S. exports to the world. High-tech imports totaled $322 billion in 2006, up by 9 percent, resulting in a tech trade deficit of $102 billion. Nationwide, tech exports directly supported 683,900 jobs in the United States.
Trade in the Cyberstates 2007 provides a comprehensive review of international trade of high-tech goods at the national and state-by-state level. The report provides 52 state overview pages highlighting high-tech exports with detailed data on historical export trends, exports by individual tech sector, and leading export destinations by country.
This report is a partner publication to AeA’s annual flagship publication, Cyberstates, which provides national and state-by-state data on high-tech jobs, wages, payroll, and other factors. In the past, the high-tech trade data was included in the Cyberstates report. This new report provides a tremendous amount of detailed data that was not previously published. Like Cyberstates, Trade in the Cyberstates uses official government statistics and is not survey data.
AeA members can purchase Trade in the Cyberstates 2007 for $125; non-members for $250. Visit www.aeanet.org/trade to download the report, or call 408.987.4200.
What Does High-Tech Trade Mean for Wisconsin?
- $4.3 billion in high-tech exports (12thranked cyberstate)
- Up $827 million in tech exports between 2005 and 2006
- 25 percent of exports from Wisconsin are tech exports (ranked 15th)
- 12,300 jobs in Wisconsin are directly supported by tech exports
Wisconsin’s Leading Tech Export Destinations:
- $718 million in tech exports to Mexico
- $489 million in tech exports to Canada
- $361 million in tech exports to Japan
Wisconsin’s Leading Tech Export Sectors:
- 5th in electromedical equipment exports at $1.1 billion
- 8th in industrial electronics exports at $1.1 billion
- 14th in computers and peripheral equipment exports at $709 million
Source: Trade in the Cyberstates 2007
Data are for 2006. Published by AeA, Advancing the Business of Technology (www.aeanet.org)
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AeA, the nation’s largest technology trade association with 2,500 member companies 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.