CompTIA’s Tech Trade Snapshot 2020, the technology industry’s premiere report on tech trade trends, highlights the positive impact trade has on our economy, the number of U.S. jobs supported by trade and the effects of the U.S.-China trade tensions.
Key highlights from the Tech Trade Snapshot include:
- U.S. exports of technology products and services totaled $338 billion in 2019.
- U.S. technology exports directly supported 918,500 American tech industry jobs in 2018 (the most recent year of available data); an increase of more than two percent year-over-year.
- It’s estimated the 60% of exports directly support U.S. tech manufacturing jobs.
- U.S. exports of technology goods and services increased by $104 billion in value in current dollars over the past decade.
- Tech services were the primary exports growth driver during the decade with 76% growth since 2010.
- Tech services exports totaled nearly $750 billion during the decade, resulting in a trade surplus of $336.5 billion.
CompTIA hosted a virtual panel discussion about the report and how tech trade is a driving force for the U.S. economy. Panelists include:
- Tim Herbert, Executive Vice President, Research & Market Intelligence at CompTIA, and lead author of the report
- Carlos Halasz, Customs Compliance Officer, Global Trade at HP, and co-chair of CompTIA's Global Trade & Market Access Committee
- Nick Bramble, Public Policy Counsel, Trade & International Relations at Google, and co-chair of CompTIA's Global Trade & Market Access Committee
- Maggie Henkin, Manager, Public Advocacy at CompTIA, and Global Trade & Market Access committee lead
Watch the Tech Trade Snapshot 2020 Virtual Panel Discussion here.