Featured Research

from universities, journals, and other organizations

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

Date:
September 6, 2011
Source:
National Science Foundation
Summary:
US exports of advanced technology products (ATP) fared better than other non-advanced technology exports during the recent US recession, says a new report.

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).

Related Articles


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.


Story Source:

The above story is based on materials provided by National Science Foundation. Note: Materials may be edited for content and length.


Cite This Page:

National Science Foundation. "Recent trends show recession's effect on US advanced technology exports." ScienceDaily. ScienceDaily, 6 September 2011. <www.sciencedaily.com/releases/2011/09/110906154523.htm>.
National Science Foundation. (2011, September 6). Recent trends show recession's effect on US advanced technology exports. ScienceDaily. Retrieved October 25, 2014 from www.sciencedaily.com/releases/2011/09/110906154523.htm
National Science Foundation. "Recent trends show recession's effect on US advanced technology exports." ScienceDaily. www.sciencedaily.com/releases/2011/09/110906154523.htm (accessed October 25, 2014).

Share This



More Science & Society News

Saturday, October 25, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Ebola Protective Suits Being Made in China

Ebola Protective Suits Being Made in China

AFP (Oct. 24, 2014) A factory in China is busy making Ebola protective suits for healthcare workers and others fighting the spread of the virus. Duration: 00:38 Video provided by AFP
Powered by NewsLook.com
WHO: Millions of Ebola Vaccine Doses by 2015

WHO: Millions of Ebola Vaccine Doses by 2015

AP (Oct. 24, 2014) The World Health Organization said on Friday that millions of doses of two experimental Ebola vaccines could be ready for use in 2015 and five more experimental vaccines would start being tested in March. (Oct. 24) Video provided by AP
Powered by NewsLook.com
Microsoft Riding High On Strong Surface, Cloud Performance

Microsoft Riding High On Strong Surface, Cloud Performance

Newsy (Oct. 24, 2014) Microsoft's Q3 earnings showed its tablets and cloud services are really hitting their stride. Video provided by Newsy
Powered by NewsLook.com
EU Gets Climate Deal, UK PM Gets Knock

EU Gets Climate Deal, UK PM Gets Knock

Reuters - Business Video Online (Oct. 24, 2014) EU leaders achieve a show of unity by striking a compromise deal on carbon emissions. But David Cameron's bid to push back EU budget contributions gets a slap in the face as the European Commission demands an extra 2bn euros. David Pollard reports. Video provided by Reuters
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Science & Society

Business & Industry

Education & Learning

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins