Total Trade in Information Technology Is Doubling
Every Six and a Half Years
The total volume of American trade--imports and exports--in
information technology is now doubling in less than seven years.
Trade in information technology goods is still some
twelve times larger than trade in information technology services--but
that won't last long: services trade is doubling every four years
while goods trade is doubling every seven.
Information technology trade will amount to a quarter of
all U.S. trade by the year 2000.
America benefits not just from information technology exports
but from information technology imports as well: imports give
downstream manufacturers the power to build better, cheaper products,
and they give users the power to perform their information processing
and data communication tasks.
Source: Department of Commerce,
Bureau of Economic Analysis