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Utah Export Snapshot – July 2016 2015

2016

% Change

In the month of July

$1.16 BILLION

$0.71 BILLION

-38.79%

Year-to-date as of July

$7.87 BILLION

$6.69 BILLION

-14.99%

June 2016

July 2016

$0.92 BILLION

$0.71 BILLION

Compared to last month‌ WTC Utah Observations The value of Utah exports dipped in this month with metals as the commodity primarily responsible.

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

Top 5 Export Destinations

Value Added

Canada United Kingdom

The United Kingdom returned to the top 5 destinations for Utah exports after dropping off last month For more specific trade data, contact a member of WTC Utah trade services team at 801-532-8080.

-22.83%

18.4%

Mexico China 81.6%

Taiwan

*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 $1,400 $1,242 $1,135

Exports in millions of U.S. $

$1,200 $1,000

$142

$0

$157

$158

$470

Computer & Electronics Metals (NAICS 212 & 331)

$441 $557

$155

$153

$618

$188

$248

$300

February

March

April

May

June

$135 $130

$70 January

All Other Exports

$465

$391

$577 $200

$920

$871

$706

$648

$600 $400

$467

$456

$416 $800

$1,171

July

August

September October

November December

2015 & 2016 Exports by Month $1,400 $1,171

$1,314

$1,215

$1,148

$1,135

$1,200

Exports in millions of U.S. $

$1,242 $1,102

$1,189 $1,000 $982

$1,064

$1,040

$1,156

$1,120

$1,041

$920 $911

$800

$871

2015

$706

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

19.1% 29.7%

18.4% 10.0% 11.2%

11.6%

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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

Jul-16

May-16

Mar-16

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

$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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Exports in Millions of U.S. $

2016 Top 5 Export Destinations by Month $1,000 $900 $800 $700 $600

$366

$63 $50 $59

$62 $56 $70

Japan Switzerland Hong Kong

$500 $400 $300 $200 $100 $-

$86 $59 $49 $46 $91 January

$55 $51

$608 $482

$140

$105

$59 $81

$56 $57 $59 $74

$60 $73

$204

Taiwan

$73 $136

$91

$109

$113

$114

$146

$142

February

March

April

May

June

July

China Mexico United Kingdom Canada August

September

October

November

December

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

Aerospace & Defense - $94.62 1. 2. 3. 4. 5.

Germany Japan Netherlands Canada China

Life Sciences - $70.32 1. 2. 3. 4. 5.

Netherlands Japan China Austria Canada

Energy & Natural Resources - $34.61 1. 2. 3. 4. 5.

Canada Mexico Australia Chile Japan

Outdoor Recreation - $14.59 1. 2. 3. 4. 5.

United Kingdom Canada Netherlands Japan China

IT & Software - $93.90 1. 2. 3. 4. 5.

Taiwan China Singapore Canada Hong Kong

Non-Cluster - $397.60 1. 2. 3. 4. 5.

Canada United Kingdom Mexico China Japan

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Utah Export Stats July 2016 July 2015 Total Exports

$

1,155,937,075

July 2016 $

705,649,197

% change 20162015 -38.95%

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

$547,108,942 $179,492,620 $99,878,062 $73,763,246 $54,207,996

$130,167,581 $134,866,304 $81,721,197 $78,690,873 $70,322,780

-76.21% -24.86% -18.18% 6.68% 29.73%

$141,955,776 $73,742,691 $59,229,110 $57,487,515 $55,604,446

38.77% -69.54% -18.88% -28.62% 9.53%

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

$102,292,574 $242,074,853 $73,014,611 $80,538,742 $50,766,909

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

$

7,871,880,207

2016 through July $

6,693,539,757

% change 20162015 -14.97%

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

$3,510,782,755 $1,281,625,618 $638,635,438 $525,154,081 $459,317,711

$2,499,474,114 $1,088,187,829 $602,917,230 $532,907,193 $506,446,132

-28.81% -15.09% -5.59% 1.48% 10.26%

$1,566,653,975 $805,342,661 $703,331,725 $441,959,800 $422,295,464

-17.80% -7.26% -26.32% -15.83% -1.68%

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

$1,905,990,258 $868,427,002 $954,566,440 $525,073,816 $429,495,003

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July 2016 Export Report  
July 2016 Export Report  
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