SAN FRANCISOU.S. high-tech merchandise exports declined 3 percent last year to $214 billion, according to a report released Tuesday (Sept. 23) by AeA, the trade group formerly known as the American Electronics Association.
High-tech imports into the U.S. increased by 3 percent in 2007 to reach $333 billion, resulting in a high-tech trade deficit of $118 billion, AeA said.
High tech is the largest merchandise export sector in the U.S., representing 18 percent of all U.S. exports to the world, according to the organization.
According to Christopher Hansen, AeA president and CEO, the U.S. high sector employed nearly 900,000 people in 2007. "The bad news is that U.S. tech exports declined slightly in 2007," Hansen said through a statement. "The good news, however, is that tech exports rose in 29 states."
California was the leading high-tech export state with $48.2 billion in exports in 2007, followed by Texas with $35.9 billion, AeA said. The largest decreases in tech exports occurred in California, Texas, and Colorado, the organization said.
The largest overseas markets for U.S. high-tech exports in 2007 were the European Union ($46.6 billion), Canada ($29.4 billion), Mexico ($26.0 billion), China ($14.5 billion), Japan ($11.9 billion) and Singapore ($9.2 billion), according to AeA.
The U.S. imported the most high-tech products from China ($112.3 billion), Mexico ($51.3 billion), the European Union ($33.4 billion), Japan ($29.2 billion) and Malaysia ($25.1 billion), the group said.
The information was complied for Trade in the Cyberstates 2008,, a report now available from AeA.