Navigation Links
Recent trends show recession's effect on US advanced technology exports
Date:9/6/2011

U.S. exports of advanced technology products (ATP) fared better than other non-advanced technology exports during the recent U.S. recession, says a new report from the National Science Foundation (NSF).

NSF's National Center for Science and Engineering Statistics reports that ATP exports fell from $270 billion in 2008 to $245 billion in 2009. But this 9 percent drop was less than half the decline of non ATP exports.

ATP exports embody new or leading edge breakthroughs in science and technology including drugs developed from gene therapy, nuclear resonance imaging, micro integrated circuits, robotics, advanced materials, and civilian and military satellites.

The finding results from U.S. Census Bureau data taken from ATP trade in the 10 ATP technology areas defined by the agency with a focus on four technology areas: aerospace, electronics, information and communications technology and life science. Together these four areas account for 85 percent of U.S. ATP exports in 2010.

NSF's report, titled "U.S. Exports of Advanced Technology Products Declined Less Than Other U.S. Exports in 2009," also says U.S. ATP exports recovered in 2010 but lagged behind the growth of non-ATP exports. In 2010, U.S. ATP exports improved by 11 percent as compared to 2009, but other types of U.S. exports expanded at 23 percent, twice the rate of ATP exports.

The InfoBrief also describes U.S. ATP trade with selected major economies and regions. It says the 2009 decline of US ATP exports was steeper for Asia as compared to those destined for the European Union and the North American Free Trade Agreement zone.

Exports to Asia fell from $94 billion in 2008 to $79 billion in 2009; at 15 percent, it was the largest decline among the three regions. According to NSF's report, the decline was driven by a drop in electronics exports to Asia, the most important export market for U.S. advanced technology products, and a drop in information and communications technology exports.

During the period of 2008-2009, U.S. ATP exports to Japan, South Korea and Taiwan declined steeply (between 19 and 29 percent), but exports to China saw little change. In 2010, however, US exports to Asia grew faster than US exports to the other two regions.


'/>"/>

Contact: Bobbie Mixon
bmixon@nsf.gov
703-292-8485
National Science Foundation
Source:Eurekalert  

Related biology news :

1. John Theurer Cancer Center researchers shared 14 leading edge studies at recent ASCO meeting
2. Recent census in war-torn DR Congo finds gorillas have survived, even increased
3. A recent IRCM breakthrough impacts cancer research
4. Risk of surgery for Crohns disease lower than reported in recent studies
5. At opening of XVIII International AIDS Conference, scientific, community and political leaders applaud recent progress toward universal access and urge continued momentum to finish what weve started
6. BIO-key(R) International Biometric Accuracy Improved by More Than 23% as Reported in Recent NIST Testing
7. Recently analyzed fossil was not human ancestor as claimed, anthropologists say
8. Autism Speaks responds to recent publications citing autism clusters in California
9. Ongoing human evolution could explain recent rise in certain disorders
10. Arctic lake sediments show warming, unique ecological changes in recent decades
11. Recent news reports of sweetener reformulations raise questions about motivations
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Recent trends show recession's effect on US advanced technology exports
(Date:6/3/2016)... , June 3, 2016 ... Management) von Nepal ... und Lieferung hochsicherer geprägter Kennzeichen, einschließlich Personalisierung, ... führend in der Produktion und Implementierung von ... der Ausschreibung im Januar teilgenommen, aber Decatur ...
(Date:6/2/2016)... June 2, 2016   The Weather Company , an ... Ads, an industry-first capability in which consumers will be able ... to ask questions via voice or text and receive relevant ... Marketers have long sought an advertising solution ... can be personal, relevant and valuable; and can scale across ...
(Date:6/1/2016)... -- Favorable Government Initiatives Coupled With Implementation ... to Boost Global Biometrics System Market Through 2021  ... " Global Biometrics Market By Type, By End ... - 2021", the global biometrics market is projected to ... growing security concerns across various end use sectors such ...
Breaking Biology News(10 mins):
(Date:12/2/2016)... , ... December 01, 2016 , ... ... long-term client Nanowear on their recent FDA Class II 510(k) clearance for their ... significant hurdle in commercializing remote cardiac monitoring devices that rely on cloth-based nanosensors. ...
(Date:12/2/2016)... (PRWEB) , ... December 02, 2016 , ... Robots will ... Event on December 3rd, 2016. The event, which is held on the United ... with helping Americans with Disabilities back into the workplace. Suitable Technologies is partnering with ...
(Date:12/2/2016)... , December 2, 2016 The immunohistochemistry ... growing at a CAGR of 7.3% during the forecast period of ... and diagnostic laboratories segment accounted for the largest share of immunohistochemistry ... ... on global immunohistochemistry (IHC) market spread across 225 pages, profiling 10 ...
(Date:11/30/2016)... Vista, CA (PRWEB) , ... November 30, 2016 ... ... introduced a new moving magnet Voice Coil Actuator with a flexure design that ... provides long life with cost-effective pricing and is ideally suited where extreme precision ...
Breaking Biology Technology: