Wednesday, February 2, 2011

UN says Asian tech exports far outpace US

  • New trade data shows Asia exports two-thirds of the world's high-tech goods for information and communications, a key shift the U.N. attributes to the global financial crisis.
  • U.N. data released Wednesday shows China and Hong Kong export four times as many of the goods as the U.S. ($113 billion).
  • Asian economies accounted for 66.3 per cent of global exports of information and communication technology in 2009.
  • Exports from India and Malaysia rose, while those from China, Hong Kong and several other Asian nations fell modestly. Exports from the U.S., Europe and Japan fell sharply.
  • This type of technology -- key to helping nations develop -- accounts for 12 percent of global trade. The U.S., China and Hong Kong are also the biggest importers of these goods.

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