US Tech Exports Dip in 2020, Report Says
U.S. technology exports declined by about 5% last year to $335 billion, ending a streak of three consecutive years of growth, according to a June 30 report from the Computing Technology Industry Association. The drop in exports was partly caused…
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by the “severity” of the COVID-19 pandemic. Overall, the technology industry “held up relatively well,” CompTIA said, and technology exports “were steady” for most of the year. Technology products ranked third among the U.S.’s top manufactured goods exports, behind chemicals and transportation vehicles.