All the results obtained from the study revealed that for developing countries, due to the positive and dynamic externalities, high-tech, rather than low-tech, export has a significant effect on the economic growth performance of those countries. From this perspective, the results suggest ideas regarding the foreign trade policy to be applied. In developing countries, a foreign trade policy that encourages high-tech manufacturing industry export and imports low-tech goods for production, and thus for export, is essential for sustained growth. In this regard, the amount of imports should be set accurately in order to overcome the current account deficit, which has become a crucial problem in developing countries.