Utah Export Snapshot – February 2016 2015
2016
% Change
In the month of February
$0.98 BILLION
$1.14 BILLION
16.33%
Year-to-date as of February
$2.17 BILLION
$1.78 BILLION
- 17.97%
January 2016
January 2016
$0.69 BILLION
$1.14 BILLION
Compared to last month… WTC Utah Observations
Breakdown of Exports Metals vs Value Added Metals (NAICS 212 & 331)
Top 5 Export Destinations
Value Added
Exports of metals returned to a conventional level after a dip in the previous month.
Hong Kong United Kingdom
Hong Kong reemerged to Utah’s top destination for exports after a dip the month before.
Canada
49.2% For more specific trade data, contact a member of WTC Utah trade services team at 801-532-8080.
65.22%
50.8%
Taiwan Mexico
*All data used in this report was obtained from usatrade.census.gov. The most recent data is two months behind due to a lag in the data.
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Utah Exports (Metals, Computer & Electronics, All Other Exports) 2016 $1,135
$1,200
Exports in millions of U.S. $
$1,000 $416 $800 $648
$400
All Other Exports
$142
$600
Computer & Electronics Metals (NAICS 212 & 331)
$391
$577 $200 $0
$188 $70 January
February
March
April
May
June
July
August
September October
November December
2015 & 2016 Exports by Month $1,400 $1,314 $1,135
Exports in millions of U.S. $
$1,200
$1,189
$1,064
$1,000
$1,040
$1,156
$1,102
$1,215
$1,148 $1,120 $1,041 $911
$982 $800
2015
648 $600
2016
$400 $200 $0 January
February
March
April
May
June
July
August
September
October
November
December
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Utah's Top 5 Export Commodities February 2016 Metals (NAICS 212 & 331) Computer & Electronic Products (NAICS 334) Chemicals (NAICS 325) Food & Kindred Products (NAICS 311) Transportation Equipment (NAICS 336) Other
17.5%
5.8% 50.8%
6.1% 7.2% 12.5%
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5-Year Rolling Total Export Overview by Month
Exports in Billions of U.S. $
$2.50
$2.00
$1.50 Total Exports Metals
$1.00
Value Added $0.50
Feb-16
Dec-15
Oct-15
Aug-15
Jun-15
Apr-15
Feb-15
Dec-14
Oct-14
Aug-14
Jun-14
Apr-14
Feb-14
Dec-13
Oct-13
Aug-13
Jun-13
Apr-13
Feb-13
Dec-12
Oct-12
Aug-12
Jun-12
Apr-12
Feb-12
Dec-11
Oct-11
Aug-11
Jun-11
Apr-11
Feb-11
$0.00
Billions
10-Year Export Overview $25.0
$19.0
$20.0
$19.3 $16.1
$15.0
$13.8 $10.3
$10.0
$13.3 $7.7
$7.8 $5.0
Value Added
$12.3
$10.3
$6.8
$4.6
Metals (NAICS 212 & 331)
$7.4
All Commodities
$5.9
$0.0 2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
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2016 Top 5 Export Destinations by Month $900
Exports in Millions of U.S. $
$800
$51 $55 $91
$700 $600
India Switzerland China
$500
$204
Mexico
$400 $300 $200 $100 $0
$59 $49 $86
Taiwan Canada $366
United Kingdom
$91 $46 January
Hong Kong February
March
April
May
June
July
August
September
October
November
December
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February 2016 Top Export Destinations by Utah Economic Clusters In millions of U.S. $
Aerospace & Defense - $96.57 1. 2. 3. 4. 5.
Germany Netherlands Japan Canada China
Life Sciences - $55.17 1. 2. 3. 4. 5.
Netherlands Japan Germany Canada China
Energy & Natural Resources - $25.14 1. 2. 3. 4. 5.
Canada Mexico Peru Australia China
Outdoor Recreation - $13.12 1. 2. 3. 4. 5.
Canada China Germany Belgium Japan
IT & Software - $90.53 1. 2. 3. 4. 5.
Taiwan Singapore China Canada Mexico
Non-Cluster - $854.80 1. 2. 3. 4. 5.
Hong Kong United Kingdom Canada Mexico Itay
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Utah Export Stats February 2016 February 2015 Total Exports
$
982,249,096
February 2016 $
1,135,347,166
% change 20162015 15.59%
Top 5 Industries (NAICS) Metals (NAICS 212 & 331) 334 Computer & Electronic Products 325 Chemicals 311 Food & Kindred Products 336 Transportation Equipment
$378,488,761 $175,185,740 $80,337,139 $77,702,050 $60,848,431
$576,780,254 $142,426,874 $81,260,734 $69,438,974 $66,344,018
52.39% -18.70% 1.15% -10.63% 9.03%
$366,172,692 $203,906,863 $90,906,621 $54,682,651 $50,782,638
120.07% 22.63% -9.91% -10.48% -27.69%
Top 5 Destinations (ranked by $ value) Hong Kong United Kingdom Canada Taiwan Mexico
$166,392,672 $166,272,361 $100,903,858 $61,083,487 $70,231,654
Year-to-Date - through February 2015 through February Total Exports
$
2,171,042,567
2016 through February $
1,783,807,143
% change 20162015 -17.84%
Top 5 Industries (NAICS) Metals (NAICS 212 & 331) 334 Computer & Electronic Products 325 Chemicals 311 Food & Kindred Products 336 Transportation Equipment
$946,329,776 $408,266,092 $152,167,581 $146,231,383 $119,808,586
$646,314,611 $330,352,346 $160,359,331 $134,870,239 $129,998,675
-31.70% -19.08% 5.38% -7.77% 8.51%
$379,306,588 $250,081,682 $181,589,454 $140,397,064 $99,613,357
-30.00% -3.68% -30.04% -6.85% -28.56%
Top 5 Destinations (ranked by $ value) Hong Kong United Kingdom Canada Taiwan Mexico
$541,852,993 $259,642,106 $259,574,553 $150,722,333 $139,432,270
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