Texas Listed as Top Consumer Technology Exporter in Trade Group Report
The U.S. consumer technology sector exported $172.4 billion worth of goods in 2017, said a PricewaterhouseCoopers economic-impact report commissioned by the Consumer Technology Association. PwC, using the Census Bureau’s “origin of movement” (OM) data, estimated Texas was the top export…
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state with shipments of $44.8 billion, followed by California ($35.7 billion) and Florida ($12.3 billion). Canada was the top market for U.S. consumer tech sector goods, followed by the Netherlands and Germany, it said. There are “limitations” to using OM data for the analysis, the report said. One is that it doesn’t cover services exports, another is that its focus is on “the transportation origin of exports, as opposed to the production origin,” it said. This runs the risk it will “misallocate credit for certain exported goods to states where there are major export hubs,” it said. “However, we are not aware of another data set that provides better visibility” into state- and product-specific “trade flows,” it said.