Navigation Links
Recent trends show recession's effect on US advanced technology exports

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
National Science Foundation

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:
Related Image:
Recent trends show recession's effect on US advanced technology exports
(Date:5/12/2016)... -- , a brand of Troubadour Research ... the Q1 wave of its quarterly wearables survey. A ... to a program where they would receive discounts for ... "We were surprised to see that so ... , CEO of Troubadour Research, "primarily because there are ...
(Date:4/28/2016)... India , April 28, 2016 ... Infosys (NYSE: INFY ), and Samsung SDS, a ... that will provide end customers with a more secure, ... services.      (Logo: ) , ... services, but it also plays a fundamental part in enabling ...
(Date:4/26/2016)... DUBLIN , April 27, 2016 ... of the  "Global Multi-modal Biometrics Market 2016-2020"  report ... ) , The analysts forecast ... a CAGR of 15.49% during the period 2016-2020.  ... a number of sectors such as the healthcare, ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... Prostate Cancer Foundation (PCF) is pleased to announce 24 new Young ... cancer. Members of the Class of 2016 were selected from a pool of ... More About the Class of 2016 PCF Young Investigators ... ... ...
(Date:6/23/2016)... OTTAWA, ON (PRWEB) , ... June 23, 2016 , ... ... former DNA Technical Leader at the Arkansas State Crime Laboratory, has joined STACS DNA ... joining the STACS DNA team,” said Jocelyn Tremblay, President and COO of STACS DNA. ...
(Date:6/23/2016)... June 23, 2016 ... 2016;12(1):22-8 Published recently ... peer-reviewed journal from touchONCOLOGY, Andrew D Zelenetz ... of cancer care is placing an increasing burden ... expensive biologic therapies. With the patents on many ...
(Date:6/23/2016)... ... June 23, 2016 , ... Velocity ... intelligent tools designed, tuned and optimized exclusively for Okuma CNC machining centers at ... result of a collaboration among several companies with expertise in toolholding, cutting tools, ...
Breaking Biology Technology: