SMT, PCB Electronics Industry News

U.S. Technology Exports Down 26 Percent Since 2000

Jun 23, 2003

Washington, DC - June 19, 2003 - U.S. high-tech goods exports fell 26 percent from $223 billion in 2000 to $166 billion in 2002, according to a study released today by AeA. It shows that U.S. electronics imports were down by 19 percent during the same time period, and that the technology goods deficit in 2002 was a record $54 billion. The value of the high-tech goods exports and imports reached historic highs in 2000.

Despite the overall downturn, Tech Trade Update 2003 found some trading partners with which high-tech trade is growing. U.S. imports from China increased by $8.4 billion, or 32 percent between 2000 and 2002. In fact, China became the United States´┐Ż number one supplier of high-tech goods, jumping ahead of Japan and Mexico, in 2002.

"These data echo the findings of our Tech Employment Update report released earlier this year which found a 10 percent drop in US tech employment from 2000 to 2002" said William T. Archey, President of AeA. "Clearly, the worldwide economic downturn is taking a toll on the technology industry."

The findings show that international trade of high-tech services is playing an increasingly important role. The trade surplus in these services more than offsets the deficit of tech merchandise trade. Most U.S. tech services are sold abroad through affiliates; they totaled $95 billion in 2000 (the latest data available), compared to $37 billion sold in the United States through foreign subsidiaries, resulting in a $58 billion surplus.

Some U.S. tech services were also sold from U.S.-based operations into other countries. Total cross-border tech services exports reached $17 billion in 2001 (the latest data available). This compares to U.S. cross-border tech imports of $7 billion in 2001, resulting in a $10 billion surplus.

Tech Trade Update 2003 examines U.S. high-tech trade between 2000 and 2002 and is based on the most current U.S. government data. AeA members can purchase the report for $10; non-members for $20. Visit http://www.aeanet.org to download the report, or call 800-284-4232 or 408-987-4200.

Advancing the business of technology, AeA is the nation's largest high-tech trade association. AeA represents more than 3,000 companies with 1.8 million employees. These 3,000+ companies span the high-technology spectrum, from software, semiconductors, medical devices and computers to Internet technology, advanced electronics and telecommunications systems and services. With 17 regional U.S. councils and offices in Brussels and Beijing, AeA offers a unique global policy grassroots capability and a wide portfolio of valuable business services and products for the high-tech industry. AeA has been the accepted voice of the U.S. technology community since 1943.

Feb 16, 2012 -

SMTnet Names David Fish (aka "davef") Technical Editor of SMT Express & Ombudsman of SMTnet Forums.

Nov 03, 2011 -

SMTA INTERNATIONAL FT WORTH

Oct 16, 2010 -

SMTnet to Present at SMTAI Orlando 2010

Jul 12, 2010 -

Glenn Seely Named SMTnet Sales Manager

Apr 28, 2010 -

SMTA China Awards Megan Wendling Councilor of the Year 2010

Feb 08, 2010 -

Major New Trade Show for Brazil Is Introduced

Jan 21, 2010 -

Microscan Opens Northeast Technology Center in Nashua, NH

Dec 03, 2009 -

The Industry Loses an Icon

Sep 26, 2009 -

The Electronics Industry Loses a Consummate Professional

Jul 10, 2003 -

PCB East 2003 Announces Final Conference and Exhibition Program

228 more news from SMTnet »

Jan 27, 2023 -

New Functions Increase Cost-Efficiency and Energy-Efficiency in Wave Soldering Processes

Jan 27, 2023 -

Semi-auto Taping Machine HJC-1000

Jan 25, 2023 -

Retronix Turns to Gen3 Again for High Quality PCB Cleaning Requirements

Jan 23, 2023 -

KYZEN Celebrates Its Leaping Water's Sweet Sixteen at APEX 2023

Jan 23, 2023 -

Heraeus Electronics provides latest materials portfolio for next-generation power electronics and semiconductor advanced packaging at NEPCON Japan 2023

Jan 23, 2023 -

StenTech Opens New Facility in Philadelphia

Jan 23, 2023 -

Inovaxe announces expansion into new facility in Boca Raton, Florida

Jan 23, 2023 -

MIRTEC Reports 22.6% Increase in Sales Revenue for 2022

Jan 23, 2023 -

Aven Appoints ARK Manufacturing Solutions in Arizona, New Mexico & Southern Nevada

Jan 23, 2023 -

Altus Presents Turnkey Solutions at Leading Manufacturing and Electronics Exhibition

See electronics manufacturing industry news »

U.S. Technology Exports Down 26 Percent Since 2000 news release has been viewed 533 times

One stop service for all SMT and PCB needs

ICT Total SMT line Provider