• U.S. net exports of technology have fallen since 2011: How have tech imports and exports changed?

    1 month ago - By FRED

    The FRED graph above shows the quarterly evolution of U.S. net exports of technology, from Q1 1967 to Q1 2021. Net exports of technology are measured as royalties and license fees received minus royalties and license fees paid during this period .
    The U.S. has always been a net exporter of technology and, hence, a net receiver of royalty payments. And net exports as a share of GDP have steadily increased from 0.12% in Q1 1985 to 0.57% in Q3 2011-an increase of 375%! But after 2011, there's been a slow decline, reaching 0.32% in Q1 2021. What's caused this decline?
    The FRED graph below...
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