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Massachusetts’ Tech Exports Up $81 Million in 2008

Massachusetts Ranks 4th Nationally in High-Tech Exports, with $9.5 Billion in 2008

Contact: Anne Doherty Johnson, (781) 938-1925, anne.doherty.johnson@techamerica.org

Woburn, MA (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.

Massachusetts' tech exports totaled $9.5 billion in 2008, up one percent from $9.4 billion in 2007. Massachusetts’s leading tech export sector was semiconductor manufacturing, accounting for $2.8 billion of exports, 5th ranked in the nation. The state also ranked third in industrial electronics and electromedical equipment exports at $2.1 and $1.5 billion, respectively.

"Even within Massachusetts, many people may not realize the Bay State is the 4th largest high-tech goods exporter in the country," said Anne Doherty Johnson, Executive Director, TechAmerica New England. "High tech is integral to the state’s economy with technology goods accounting for one third of total exports. These exports support 40,800 jobs. The United States needs to continue to open foreign markets to grow the number of American jobs created as a result of trade. We strongly support passage of the Free Trade Agreements pending with South Korea, Colombia, and Panama. These would provide new markets for Massachusetts technology exports."

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.

TechAmerica Foundation’s supplemental quarterly breakdown reveals that despite the gains in 2008, high-tech exports had begun to decline in the 4th quarter, and continued in the first half of 2009. High-tech exports were down 8 percent in Q4 2008 compared to Q4 2007. The drop steepened with a 22 percent decline in Q1 2009 and a 23 percent decline in Q2 2009 compared to their respective quarters in 2008. This tracks closely with the overall decline in U.S. merchandise exports in the first half of 2009.

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 Massachusetts?

• $9.5 billion in high-tech exports (4th ranked cyberstate)
• Up $81 million in tech exports between 2007 and 2008
• 33 percent of exports from Massachusetts are tech exports (ranked 9th)
• 40,800 jobs in Massachusetts are supported by tech exports

Massachusetts’ Leading Tech Export Destinations:

• $969 million in tech exports to Germany
• $908 million in tech exports to Japan
• $865 million in tech exports to China

Massachusetts’ Leading Tech Export Sectors:

• 3rd in industrial electronics exports at $2.1 billion
• 3rd in electromedical equipment exports at $1.5 billion
• 5th in semiconductor manufacturing exports at $2.8 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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