Page 1


Utah Export Snapshot – March 2016 2015

2016

% Change

In the month of March

$1.06 BILLION

$1.17 BILLION

10.00%

Year-to-date as of March

$3.24 BILLION

$2.95 BILLION

-8.68%

February 2016

March 2016

$1.14 BILLION

$1.17 BILLION

Compared to last month… WTC Utah Observations The slight decline in the year-to-date comparison between 2015 and 2016 exports can be attributed to the month of January, in which Utah’s total exports were the lowest it has been in the last seven years. Growths in exports from February to March can be attributed to value added exports. Value Added exports experienced a 10 percent increase from the month of February, while metals dipped slightly. For more specific trade data, contact a member of WTC Utah trade services team at 801-532-8080.

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

3.11%

Top 5 Export Destinations

Value Added

United Kingdom Canada Switzerland 52.4%

47.6%

Mexico China

*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.

2


Utah Exports (Metals, Computer & Electronics, All Other Exports) 2016 $1,400 $1,135

Exports in millions of U.S. $

$1,200

$1,000

$456

$416 $800

$1,171

All Other Exports

$648

$142

$600

Computer & Electronics

$158

Metals (NAICS 212 & 331) $400 $200 $0

$391 $577

$557

February

March

$188 $70 January

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

$1,171 $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

3


Utah's Top 5 Export Commodities March 2016 Metals (NAICS 212 & 331) Computer & Electronic Products (NAICS 334) Food & Kindred Products (NAICS 311) Chemicals (NAICS 325) Transportation Equipment (NAICS 336) Other

18.1%

5.7% 47.6%

7.5% 7.7% 13.5%

4


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

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

May-11

Mar-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

5


2016 Top 5 Export Destinations by Month $900

Exports in Millions of U.S. $

$800

$55

$700 $600

$366

$500

$50 $59 $63

Taiwan

$109

Japan

Hong Kong

China

$400 $300 $200 $100 $-

$86 $59 $49 $91 $46 January

$51 $91

Mexico Switzerland

$482

Canada $204 February

United Kingdom March

April

May

June

July

August

September

October

November

December

6


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

Aerospace & Defense - $105.43 1. 2. 3. 4. 5.

Germany Japan Netherlands Canada China

Life Sciences - $69.20 1. 2. 3. 4. 5.

Netherlands Japan China Canada Mexico

Energy & Natural Resources - $28.13 1. 2. 3. 4. 5.

Canada Mexico Peru Australia Belgium

Outdoor Recreation - $17.51 1. 2. 3. 4. 5.

Canada Germany China Netherlands Hong Kong

IT & Software - $101.64 1. 2. 3. 4. 5.

Taiwan Singapore China Canada Malaysia

Non-Cluster - $848.74 1. 2. 3. 4. 5.

United Kingdom Canada Switzerland Mexico China

7


Utah Export Stats March 2016 March 2015 Total Exports

$

1,064,219,629

March 2016 $

1,170,648,019

% change 20162015 10.00%

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

$376,290,613 $196,138,379 $81,112,078 $111,949,737 $67,153,540

$557,102,679 $157,660,897 $89,734,426 $87,238,557 $66,849,917

48.05% -19.62% 10.63% -22.07% -0.45%

$481,949,744 $108,824,577 $62,534,443 $58,936,690 $50,273,843

287.01% -18.02% 1456.99% -22.40% -37.69%

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

$124,530,505 $132,745,646 $4,016,379 $75,950,614 $80,687,371

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

$

3,235,262,196

2016 through March $

2,954,455,162

% change 20162015 -8.68%

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

$1,322,620,389 $604,404,471 $264,117,318 $227,343,461 $186,962,126

$1,203,417,290 $488,013,243 $247,597,888 $224,604,665 $196,848,592

-9.01% -19.26% -6.25% -1.20% 5.29%

$732,031,426 $396,024,646 $290,414,031 $185,950,283 $158,550,047

90.55% -43.96% -25.98% -15.46% -26.39%

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

$384,172,611 $706,644,687 $392,320,199 $219,946,345 $215,382,884

8

March 2016 Export Report  
March 2016 Export Report  
Advertisement