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Utah Export Snapshot – June 2016 2015

2016

% Change

In the month of June

$1.32 BILLION

$0.92 BILLION

-30.02%

Year-to-date as of June

$6.72 BILLION

$5.98 BILLION

-10.84%

May 2016

June 2016

$0.87 BILLION

$0.92 BILLION

Compared to last month‌ WTC Utah Observations The United Kingdom dropped out of the top 5 destinations for Utah for the first time in 22 months.

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

Top 5 Export Destinations

Value Added

Canada Hong Kong

The total value of exports increased from the previous month, but continues to lag when compared to the previous year with metals as the commodity primarily responsible.

For more specific trade data, contact a member of WTC Utah trade services team at 801-532-8080.

5.74%

32.6%

Mexico Switzerland 67.4%

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

$1,171

$1,000

$456

$416 $800

$467

$920

$871

All Other Exports

$648 $142

$600

$158

$157

$465

$470

Computer & Electronics Metals (NAICS 212 & 331)

$400

$391

$577 $200 $0

$557

$618

$188

$155

$153 $248

$300

May

June

$70 January

February

March

April

July

August

September

October

November December

2015 & 2016 Exports by Month $1,400

$1,135

Exports in millions of U.S. $

$1,200

$1,171

$1,314

$1,242

$1,215 $1,102

$1,189 $1,000

$1,064 $982

$1,156

$1,148 $1,120

$1,040

$1,041

$871

$800

$911 2015

$600

648

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

22.9% 32.6%

8.2% 9.1% 10.3%

16.9%

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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

Jun-16

Apr-16

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

$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

$56 Japan

$800

$50

$700

China

$204

$600

$55 $51

$500

$482

$105 $60 $73

$400 $300 $200 $100 $-

$59 $46 $86 $49 $91 January

United Kingdom

$608

$366

Taiwan

$59 $73 $81

Switzerland Mexico

$136

$140

$91

$63 $59 $109

$62 $70 $113

$114

$146

February

March

April

May

June

Hong Kong Canada July

August

September

October

November

December

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

Aerospace & Defense - $99.86 1. 2. 3. 4. 5.

Japan Germany Netherlands Canada China

Life Sciences - $69.59 1. 2. 3. 4. 5.

Netherlands Canada Japan China South Korea

Energy & Natural Resources - $24.14 1. 2. 3. 4. 5.

Canada Mexico Australia Brazil Thailand

Outdoor Recreation - $24.08 1. 2. 3. 4. 5.

Germany Canada France Netherlands Mexico

IT & Software - $106.42 1. 2. 3. 4. 5.

Taiwan China Singapore Canada Malaysia

Non-Cluster - $918.33 1. 2. 3. 4. 5.

United Kingdom Canada Mexico China South Korea

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Utah Export Stats June 2016 June 2015 Total Exports

$

1,315,166,113

June 2016 $

920,334,646

% change 20162015 -30.02%

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

$706,663,862 $153,553,896 $98,122,625 $84,016,635 $76,066,649

$299,909,698 $155,137,349 $95,036,070 $83,937,255 $75,337,133

-57.56% 1.03% -3.15% -0.09% -0.96%

$146,322,503 $136,041,844 $80,957,158 $72,754,765 $58,898,079

12.83% 1089.21% 18.71% 2137.83% 63.02%

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

$129,686,455 $11,439,692 $68,194,904 $3,251,124 $36,128,635

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

$

6,715,943,132

2016 through June $

5,987,890,560

% change 20162015 -10.84%

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

$2,963,673,813 $1,102,132,998 $538,757,376 $451,390,835 $405,109,715

$2,369,306,533 $953,321,525 $521,196,033 $454,216,320 $436,123,352

-20.06% -13.50% -3.26% 0.63% 7.66%

$1,492,911,284 $687,200,179 $663,386,885 $382,730,690 $366,691,018

-10.28% -21.28% -13.41% -15.34% -3.18%

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

$1,663,915,405 $873,017,174 $766,134,428 $452,059,205 $378,728,094

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June 2016 Export Report  
June 2016 Export Report  
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