U.S. high-tech merchandise exports totaled $214 billion in 2007, down three percent from $220 billion in 2006, according to recent a study.
High tech is the single largest merchandise export sector in the United States, representing 18 percent of all U.S. exports to the world, AeA reported.
The largest tech export growth was in Virginia, Florida, Idaho, New Jersey, and Utah, as measured by dollar increase. California was the leading high-tech export state with $48.2 billion in exports in 2007, followed by Texas with $35.9 billion.
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).
The fastest growing large export markets for U.S. tech exports between 2006 and 2007 were Portugal, the Dominican Republic, Belgium, Colombia and Argentina.
High tech was the second largest import sector, just behind energy products. The largest high-tech import subsectors in 2007 were computers and peripheral equipment, communications equipment and consumer electronics.
