New Hampshire Tech Exports Down Four Percent in 2009
Tech Exports Account for 50 Percent of New Hampshire’s Total Exports
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Washington, DC (November 30, 2010) – 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 2010: 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 $1.5 billion in 2009, down $67 million, or four percent from 2008. Tech exports accounted for 50 percent of total exports, the third highest tech export concentration in the nation. The state’s largest tech sector in 2009 was semiconductors at $376 million. New Hampshire’s major foreign export markets include Mexico, Japan, and China, approaching a combined $1 billion.
“With over half of New Hampshire’s exports being technology goods, and with those exports supporting 5,300 jobs in the state, the tech industry is a major driver of our economy,” said Anne Doherty Johnson, New England Regional Vice President for TechAmerica. “We need to keep growing the high paying tech jobs that produce these exports by continuing to open new markets overseas through Free Trade Agreements with Colombia, Panama, and South Korea.”
Nationally, Trade in the Cyberstates 2010 shows that U.S. high-tech goods exports fell by 16 percent in 2009, reaching $188 billion, representing 18 percent of all U.S. exports to the world. High-tech imports were down by 11 percent, totaling $299 billion in 2009, resulting in a slight improvement in the high-tech trade deficit, which stands at $111 billion. High-tech exports supported 944,300 jobs in the United States.
Trade in the Cyberstates 2010 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 2010 and its sister publications can be purchased for $150 at: www.techamericafoundation.org/research.
What Does High-Tech Trade Mean for New Hampshire?
- 1.5 billion in high-tech exports (27th ranked cyberstate)
- Down $67 million in tech exports between 2008 and 2009
- 50 percent of exports from New Hampshire are tech exports (ranked 3rd)
- 5,300 jobs in New Hampshire are supported by tech exports
New Hampshire’s Leading Tech Export Destinations:
- $603 million in tech exports to Mexico
- $118 million in tech exports to Japan
- $102 million in tech exports to China
New Hampshire’s Leading Tech Export Sectors:
- 14th in consumer electronics exports at $122 million
- 14th in photonics exports at $59 million
- 15th in semiconductor exports at $376 million
Source: U.S. Census Bureau
Data are for 2009.
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/?php display_ContentToolbar();?>