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Georgia Tech Exports Up $31 Million in 2008
High-Tech Exports Total $2.8 Billion in 2008
Contact: Maryann Fiala, (407)882-2425, maryann.fiala@techamerica.org
Washington, DC (October 20, 2009) – TechAmerica Foundation today released its annual report detailing national and state trends in the international trade of high-tech goods. The report, Trade in the Cyberstates 2009: A State-by-State Overview of High-Tech International Trade, covers all 50 states, the District of Columbia, and Puerto Rico.
High-tech exports in Georgia increased $31 million, or one percent, from 2007 to 2008, for a tech industry total of $2.8 billion. The state saw an overall increase in high-tech exports of $637 million, or 30 percent, between 2002 and 2008. Computers and peripheral equipment made up the largest portion of the state’s exports, with $748 million. Canada was the largest destination for Georgia’s high-tech exports, followed by the Netherlands and Mexico.
“Even as the economic downturn was gaining momentum Georgia’s high-tech exports continued to rise,” said Paul Domorski, President and Chief Executive Officer, EMS Technologies, Inc. “Georgia has benefited greatly from NAFTA, as Canada and Mexico are two of our largest export destinations for technology products. We need to push our leaders in Washington to continue to open new markets for U.S. technology exports and to avoid the temptation to put up barriers to trade as a knee jerk reaction to tough economic times. Now more than ever we need access to overseas markets.”
Nationally, Trade in the Cyberstates 2009 shows that U.S. high-tech goods exports rose by one percent in 2008, reaching $223 billion, representing 17 percent of all U.S. exports to the world. High-tech imports were down by less than one percent, totaling $336 billion in 2008, resulting in a slight improvement in the high-tech trade deficit, which stands at $114 billion. High-tech exports supported 1,158,000 jobs in the United States.
Trade in the Cyberstates 2009 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 TechAmerica Foundation’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.
Trade in the Cyberstates 2009 and its sister publications can be purchased for $150. Visit www.techamerica.org/trade to purchase the reports.
What Does High-Tech Trade Mean for Georgia?
- $2.8 billion in high-tech exports (21st ranked cyberstate)
- Up $31 million in tech exports between 2007 and 2008
- 10 percent of exports from Georgia are tech exports (ranked 34th)
- 14,700 jobs in Georgia are supported by tech exports
Georgia’s Leading Tech Export Destinations:
- $591 million in tech exports to Canada
- $227 million in tech exports to the Netherlands
- $221 million in tech exports to Mexico
Georgia’s Leading Tech Export Sectors:
- 6th in consumer electronics exports at $255 million
- 12th in electronic components at $448 million
- 14th in computers and peripheral equipment manufacturing exports at $748 million
Source: Trade in the Cyberstates 2009
Data are for 2008.
Published by TechAmerica Foundation, sister organization of TechAmerica – Where the Future Begins (www.techamerica.org)
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About TechAmerica Foundation
TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 1981, the foundation is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, the leading voice and resource for the U.S. technology industry. It disseminates award-winning industry, policy and market research covering topics such as U.S. competitiveness in a global economy, innovation in government, and other areas of national interest. The foundation also organizes conferences and seminars to explore pertinent issues with government and industry representatives and to share the foundation’s findings.
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[...] Learn more about high-tech exports in Georgia. [...]
TechAmerica.org TechAmerica Georgia (TAG) on July 10, 2010 : 4:04 pm