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New Hampshire’s High-Tech Exports Up 65 Percent in 2008

Tech Exports Account for 42 Percent of New Hampshire’s Total Exports

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.

Tech exports in New Hampshire totaled $1.6 billion in 2008, up $626 million, or 65 percent from 2007. This was the 4th largest increase of tech exports in the nation, both in percent and numeric terms. Tech exports accounted for 42 percent of the areas total exports, the fifth highest tech export concentration in the nation. The state’s largest tech sector in 2008 was semiconductors at $334 million.

"New Hampshire has positioned itself as a great state for high tech. Today, all across New Hampshire, innovative companies are developing the products of tomorrow. And as more businesses learn about all we have to offer – our high quality of life, educated workforce, and low-tax, friendly business environment – I am confident we will continue to grow this important sector of our economy," Governor John Lynch said.

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 New Hampshire?

• $1.6 billion in high-tech exports (30th ranked cyberstate)
• Up $626 million in tech exports between 2007 and 2008
• 42 percent of exports from New Hampshire are tech exports (ranked 5th)
• 5,600 jobs in New Hampshire are supported by tech exports

New Hampshire’s Leading Tech Export Destinations:

• $414 million in tech exports to Mexico
• $127 million in tech exports to Canada
• $112 million in tech exports to China

New Hampshire’s Leading Tech Export Sectors:

• 12th in photonics manufacturing exports at $62 million
• 15th in consumer electronics exports at $140 million
• 18th in communications equipment exports at $301 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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