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Utah Export Snapshot – January 2016 2015

2016

% Change

In the month of January

$1.19 BILLION

$0.69 BILLION

-45.45%

Year-to-date as of January

$1.19 BILLION

$0.69 BILLION

- 45.45%

December 2015

January 2016

$1.04 BILLION

$0.69 BILLION

Compared to last month… WTC Utah Observations Metal exports hit their lowest point since June 2014 this month. Overall exports for the month were the lowest it has been in the last seven years. The drop in exports can most likely be attributed to the drop in the price of metals, name gold.

Breakdown of Exports Metals vs Value Added Metals (NAICS 212 & 331)

Top 5 Export Destinations

Value Added

Canada

10.7%

Taiwan China

Hong Kong dropped out of Utah’s top 5 export destination this month despite holding the number one position in December 2015. For more specific trade data, contact a member of WTC Utah trade services team at 801-532-8080.

-33.65%

Mexico 89.3%

United Kingdom

*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 $700

$648

Exports in millions of U.S. $

$600 $500 $391 $400

All Other Exports Computer & Electronics

$300

Metals (NAICS 212 & 331) $200 $188 $100 $0

$70 January

February

March

April

May

June

July

August

September

October

November December

2015 & 2016 Exports by Month $1,400 $1,314

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 January 2016 Metals (NAICS 212 & 331) Computer & Electronic Products (NAICS 334) Chemicals (NAICS 325) Food & Kindred Products (NAICS 311) Transportation Equipment (NAICS 336) Other

10.7% 28.2%

29.0% 9.8% 10.1%

12.2%

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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

Jan-16

Nov-15

Sep-15

Jul-15

May-15

Mar-15

Jan-15

Nov-14

Sep-14

Jul-14

May-14

Mar-14

Jan-14

Nov-13

Sep-13

Jul-13

May-13

Mar-13

Jan-13

Nov-12

Sep-12

Jul-12

May-12

Mar-12

Jan-12

Nov-11

Sep-11

Jul-11

May-11

Mar-11

Jan-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

Exports in Millions of U.S. $

$350 $300

$46

$250

$49

$200

$59

India Switzerland Hong Kong United Kingdom

$150

Mexico

$86

China

$100 $50

Taiwan

$91

Canada

$January

February

March

April

May

June

July

August

September

October

November

December

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January 2016 Top Export Destinations by Utah Economic Clusters In millions of U.S. $

Aerospace & Defense - $85.40 1. 2. 3. 4. 5.

Germany Netherlands Japan China Canada

Life Sciences - $62.54 1. 2. 3. 4. 5.

Netherlands Japan China Brazil Austria

Energy & Natural Resources - $25.70 1. 2. 3. 4. 5.

Mexico Canada Australia Brazil Ghana

Outdoor Recreation - $16.56 1. 2. 3. 4. 5.

Canada China Austria Germany Belgium

IT & Software - $144.91 1. 2. 3. 4. 5.

Taiwan China Singapore Germany Canada

Non-Cluster - $313.35 1. 2. 3. 4. 5.

Canada United Kingdom Mexico China South Korea

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Utah Export Stats January 2016 January 2015 Total Exports

$

1,188,793,471

January 2016 $

648,459,977

% change 20162015 -45.45%

Top 5 Industries (NAICS) Metals (NAICS 212 & 331) 334 Computer & Electronic Products 325 Chemicals 311 Food & Kindred Products 336 Transportation Equipment

$567,841,015 $233,080,352 $71,830,442 $68,529,333 $58,960,155

$69,534,357 $187,925,472 $79,098,597 $65,431,265 $63,654,657

-87.75% -19.37% 10.12% -4.52% 7.96%

$90,682,833 $85,714,413 $58,858,969 $48,830,719 $46,174,819

-42.85% -4.38% -21.23% -29.44% -50.55%

Top 5 Destinations (ranked by $ value) Canada Taiwan China Mexico United Kingdom

$158,670,695 $89,638,846 $74,724,422 $69,200,616 $93,369,745

Year-to-Date - through January 2015 through January Total Exports

$

1,188,793,471

2016 through January $

648,459,977

% change 20162015 -45.45%

Top 5 Industries (NAICS) Metals (NAICS 212 & 331) 334 Computer & Electronic Products 325 Chemicals 311 Food & Kindred Products 336 Transportation Equipment

$567,841,015 $233,080,352 $71,830,442 $68,529,333 $58,960,155

$69,534,357 $187,925,472 $79,098,597 $65,431,265 $63,654,657

-87.75% -19.37% 10.12% -4.52% 7.96%

$90,682,833 $85,714,413 $58,858,969 $48,830,719 $46,174,819

-42.85% -4.38% -21.23% -29.44% -50.55%

Top 5 Destinations (ranked by $ value) Canada Taiwan China Mexico United Kingdom

$158,670,695 $89,638,846 $74,724,422 $69,200,616 $93,369,745

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January 2016 Export Report  
January 2016 Export Report  
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