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Orlando, FL (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.
Since 2002, high-tech goods exports from Puerto Rico have risen every year,
reaching $3.0 billion in 2007. Seventeen percent of all exports from Puerto
Rico were high-tech products in 2007 and almost half of those were computers
and peripheral equipment – $1.4 billion. Puerto Rico’s largest export
destination is the Dominican Republic, followed by Singapore, Germany, the
Netherlands, and the United Kingdom.
“Puerto Rico has seen a remarkable five straight years of growth in
high-tech exports,” said Maryann Fiala, Executive Director of AeA’s Florida
Council which includes Puerto Rico. “These exports support 10,000 jobs in
Puerto Rico. We want to keep these growth trends going. That means that
Commonwealth leaders need to continue to pursue policies that maintain
Puerto Rico as a business friendly environment. And it means U.S. officials
need to keep working to open new foreign markets to high-tech exports.”
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
to purchase the reports.
What Does High-Tech Trade Mean for Puerto Rico?
- $3.0 billion in high-tech exports (21st
ranked cyberstate)
- Up $118 million in tech exports between
2006 and 2007
- 17 percent of exports from Puerto Rico are
tech exports (20th ranked cyberstate)
- 10,000 jobs in Puerto Rico are supported
by tech exports
Puerto Rico’s Leading Tech Export
Destinations:
- $723 million in tech exports to
Dominican Republic
- $600 million in tech exports to
Singapore
- $511 million in tech exports to the
Germany
Puerto Rico’s Leading Tech Export Sectors:
- 7th in computers and peripheral
equipment exports at $1.4 billion
- 8th in electronic components exports at
$684 million
- 9th in electromedical equipment exports
at $566 million
Source: Trade in the Cyberstates 2008
Data are for 2007.
Published by AeA, Advancing the Business of Technology (www.aeanet.org)
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About AeA
AeA, the nation’s largest technology trade
association representing all segments of the high-tech industry, is
dedicated solely to helping our members’ top line and bottom line. We do
this in partnership with our small, medium, and large member companies by
lobbying governments at the state, federal, and international levels,
providing access to capital and business opportunities, and offering select
business services and networking programs. For more information, please
visit http://www.aeanet.org.
This page was last updated on
09/19/08.
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