In 2000, New York state was exporting $9.2 billion worth of high-tech product. After years in a technology slump since then, the state’s technology producers are almost back to that high.
The news comes from a report issued by the group AeA, and covers all 50 states, the District of Columbia, and Puerto Rico.
According to the report, New York is the nation’s 5th largest tech-exporting state with $9.1 billion in sales in 2006, up 2 percent from $9 billion in 2005.
Tech exports from New York dipped after the technology bubble burst, going from $9.2 billion in 2000 to a low of $7.4 billion in 2003. Having recovered, tech exports now account for 16 percent of all exports from New York, directly supporting over 45,000 jobs, the AeA said.
“New York’s tech industry is one of the largest in the nation, exporting literally billions of dollars of exports to the world,” said Justin Wright, executive director of the group’s New York Council. “These exports support tens of thousands of jobs here in the Empire State and are critical to our economy.”
Nationally, the report Trade in the Cyberstates 2007 shows that international trade of high-tech goods continues to rise. High-tech goods exports grew by 10 percent for a total of $220 billion in 2006, representing 21 percent of all U.S. exports to the world.
High-tech imports totaled $322 billion in 2006, up by 9 percent, resulting in a tech trade deficit of $102 billion. Nationwide, tech exports directly supported 683,900 jobs in the United States.