Vermont’s High-Tech Exports Total $2.8 Billion in 2007

first_imgVermont’s High-Tech Exports Total $2.8 Billion in 200775 Percent of All Exports from Vermont Are High-Tech GoodsWoburn, MA (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.Despite the fact that high-tech exports fell for a second year in a row, Vermont continues to have the highest concentration of high-tech exports in the nation – 75 percent of all exports from Vermont are high-tech goods. Ninety percent of the state’s tech exports are semiconductors. Overwhelmingly, the leading destination for high-tech exports from Vermont is Canada.”It’s vital to understand that Vermont’s economy is extremely dependent on the well-being of the technology sector,” said Anne Doherty Johnson, Executive Director, AeA New England Council. “With 75 percent of all exports coming from the high-tech industry – supporting 11,500 jobs in the state – it is critical to ensure that we have the right pro-business policies in place to support the growth of Vermont’s tech companies.”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(link is external) to purchase the reports.What Does High-Tech Trade Mean for Vermont?* $2.8 billion in high-tech exports (22nd ranked cyberstate)* Down $298 million in tech exports between 2006 and 2007* 75 percent of exports from Vermont are tech exports (ranked 1st)* 11,500 jobs in Vermont are supported by tech exportsVermont’s Leading Tech Export Destinations:* $1.1 billion in tech exports to Canada* $338 million in tech exports to Hong Kong* $251 million in tech exports to South KoreaVermont’s Leading Tech Export Sectors:* 6th in semiconductor exports at $2.5 billion* 32nd in computers and peripheral equipment exports at $138 million* 39th in industrial electronics exports at $74 millionSource: Trade in the Cyberstates 2008Data are for 2007.Published by AeA, Advancing the Business of Technology (www.aeanet.org(link is external))last_img

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