According to a study released today by the American Electronics Association (AeA), U.S. high-tech goods exports dropped 26 percent from U.S. $223 billion in 2000 to $166 billion in 2002. The study reportedly also shows a 19-percent decrease in U.S. electronics imports.
AeA also said the study, "Tech Trade Update 2003", found that China became the country’s number one supplier of high-tech goods, jumping ahead of Japan and Mexico, in 2002. Chinese imports to the U.S. increased by 32 percent, or $8.4 billion, between 2000 and 2002.
According to William T. Archey, president of AeA, the results of the study coincide with the findings of AeA’s "Tech Employment Update", which showed a 10-percent drop in U.S. tech employment from 2000 to 2002. He added, "Clearly, the world economic downturn is taking a toll on the technology industry."
Back to Breaking News