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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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February 2016 Export Report  
February 2016 Export Report  
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