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Recent trends show recession's effect on U.S. advanced technology exports

U.S. exports of advanced technology products (ATP) fared better than other non-advanced technology exports during the recent U.S. recession, says a new report from the National Science Foundation (NSF).

NSF's National Center for Science and Engineering Statistics reports that ATP exports fell from $270 billion in 2008 to $245 billion in 2009. But this 9% drop was less than half the decline of non ATP exports.

Sounds like advanced technology is still a relative strength for the US, but . . .
NSF's report, titled "U.S. Exports of Advanced Technology Products Declined Less Than Other U.S. Exports in 2009," also says U.S. ATP exports recovered in 2010 but lagged behind the growth of non-ATP exports. In 2010, U.S. ATP exports improved by 11% as compared to 2009, but other types of U.S. exports expanded at 23%, twice the rate of ATP exports.

But the decline was greatest for imports of ATPs to Asia. Reductions in scientific research funding is already having a negative impact on the US and it is destined to get worse as T-baggers insist on destroying the government so that they don't have to pay taxes.
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