The Technology Investment Network’s 2009 report says technology was NZ’s third-biggest export industry last year, outpacing wine and meat exports. Tech exports last year were up 4% to $5.1bn. Technology firms came through the slow down better than most, with 37% reporting a profit Only 27% of other industries stayed in the black.

Accountants Ernst and Young who sponsored the report technology firms were among the first to cut costs and remodel their businesses in response to the recession, without making the mistake of cutting research and development. Last year, New Zealand technology sat behind only dairy and tourism in terms of export revenue, having overtaken meat exports for the first time in 2008.

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Christchurch has been the key hub for the growing industry, with 21 of the country’s 100 biggest technology firms based in Canterbury. These include well-established firms, such as Tait Electronics and Dynamic Controls, and firms new to the list: Moffat Ltd, Windflow Ltd, Datasouth, Orthopaedic Synergy and Steelbro New Zealand.

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