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Utah Export Snapshot – May 2016 2015

2016

% Change

In the month of May

$1.06 BILLION

$0.87 BILLION

-17.81%

Year-to-date as of May

$7.50 BILLION

$5.07 BILLION

-32.34%

April 2016

May 2016

$1.24 BILLION

$0.87 BILLION

Compared to last month‌ WTC Utah Observations The value of Utah exports to the United Kingdom dipped in this month. This value for May decreased by nearly 83% from the month before with metals as the commodity primarily responsible.

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

-29.84%

Top 5 Export Destinations

Value Added

Hong Kong Canada 28.5%

The total value of Utah exports dipped after reaching the highest point for 2016 the month previous.

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

United Kingdom Mexico 71.5%

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

$467

$456

$416 $800

$1,171

$871 All Other Exports

$648 $142

$600

$157

$158

Computer & Electronics

$470

Metals (NAICS 212 & 331) $400

$391

$577 $200 $0

$153

$618

$557

$188

$248

$70 January

February

March

April

May

June

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

25.9%

28.5%

8.8% 17.6%

9.6% 9.7%

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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

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

May-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 $1,000

Exports in Millions of U.S. $

$900 $800

$55 $51

$700 $600

$63 $50 $59

$56 $62 $70

Switzerland China

$204

$500

$200 $100 $0

$608

$91

$400 $300

Japan

$482

$59 $86 $49 $46 $91

$366

January

February

Taiwan

$60 $73

Mexico

$105

United Kingdom

$114

Canada Hong Kong

$109

$113

$140

March

April

May

June

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 - $132.42 1. 2. 3. 4. 5.

Taiwan Mexico Singapore China Canada

Life Sciences - $6.08 1. 2. 3. 4. 5.

Canada Japan China Germany Hong Kong

Energy & Natural Resources - $21.78 1. 2. 3. 4. 5.

Canada Mexico Israel China Australia

Outdoor Recreation - $43.41 1. 2. 3. 4. 5.

Netherlands Japan Ireland China Switzerland

IT & Software - $87.98 1. 2. 3. 4. 5.

Canada Japan China Germany Hong Kong

Non-Cluster - $1,447.23 1. 2. 3. 4. 5.

Hong Kong United Kingdom Canada Mexico China

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Utah Export Stats May 2016 May 2015 Total Exports

$

1,059,380,529

May 2016 $

870,682,599

% change 20162015 -17.81%

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

$432,451,892 $181,135,929 $83,752,816 $61,942,322 $72,003,206

$247,872,246 $152,845,260 $84,197,209 $83,692,255 $76,996,191

-42.68% -15.62% 0.53% 35.11% 6.93%

$139,632,254 $114,012,233 $105,419,660 $72,990,320 $60,126,572

1353.31% -8.98% -76.46% -11.61% 9.68%

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

$9,607,907 $125,264,280 $447,768,923 $82,579,244 $54,821,577

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

$

7,498,129,700

2016 through May $

5,067,555,914

% change 20162015 -32.42%

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

$3,218,863,750 $1,389,213,853 $815,958,937 $696,417,266 $585,979,520

$2,069,396,835 $798,184,176 $426,159,963 $378,879,187 $352,186,097

-35.71% -42.54% -47.77% -45.60% -39.90%

$1,445,213,222 $551,158,335 $517,064,382 $307,792,939 $301,773,532

38.00% -36.03% -18.76% -10.16% -21.39%

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

$1,047,237,233 $861,577,482 $636,447,973 $342,599,459 $383,864,301

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May 2016 Export Report  
May 2016 Export Report  
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