U.S. High-Tech Exports Soar to $181 Billion

U.S. High-Tech Exports Soar to $181 Billion

The U.S. high-technology industry exported a record $181 billion in manufactured products in 1999, with Canada, Mexico and Japan being the top three buyers, according to a March 13 report by the American Electronics Association and the Nasdaq stock market. The study said high-tech products now make up 26 percent of overall manufactured U.S. exports.

The top three export countries make up more than one-third of overall high-tech exports, with Canada bringing in $29 billion, Mexico $22 billion and Japan $16 billion.

The report, "The U.S. High-Tech Industry and World Markets," said countries with the biggest high-tech markets are similar to the United States in that they have high Internet and computer penetration rates, a strong venture capital market, skilled labor and an emphasis on risk-taking and innovation.

The study also listed the fastest-growing markets, with eight of the top 10 experiencing triple-digit growth from 1993 to 1999.


























































































Fastest-Growing U.S. High-Tech Export Markets

1993

(in billions)
1999Percent change*
1. Phillippines$1.2$4.9299%
2. South Korea$3.4$9.9190%
3. Ireland$1.1$3.1186%
4. Brazil$1.6$4.6185%
5. Mexico$8.1$21.9171%
6. China$1.5$3.3121%
7. Malaysia$2.9$6.2118%
8. Netherlands$3.7$7.5102%
9. Taiwan$3.7$7.395%
10. Israel$1.0$2.095%
*Dollars may not match percent change due to rounding
Source American Electronics Association



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