Page 1

Utah Quarterly

EXPORT REPORT Q3 2017

HELPING THINK, ACT,ACT AND SUCCEED HELPING UTAH UTAH COMPANIES THINK, AND SUCCEEDGLOBALLY GLOBALLY


Utah Export Snapshot – Q3 2017

Year-to-date as of September

WTC Utah Observations Utah exports in Q3 2017 experienced a slight increase compared to Q3 2016. The increase can be attributed to an increase in value added exports. As shown in the adjacent pie chart, value added exports made up over 66% of Utah’s total exports in Q3 2017. The United Kingdom, Hong Kong and Canada continue to be top markets for exports from Utah. Exports to Japan increased by almost 27% compared to Q3 2016.

2016

2017

% Change

$9.01 BILLION

$9.29 BILLION

2.1%

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

Top 5 Export Destinations

Value Added

United Kingdom Canada 34.0% 66.0%

Hong Kong Japan Taiwan

For more specific trade data, contact a member of WTC Utah trade services team at 801-532-8080. *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) 2017 Exports in millions of U.S. $

$1,400 $1,200

$1,261 $1,154

$1,086

$962

$1,000 $395

$600

$454

$468

$413

$916

Computer & Electronics $163

$648

$146

$439

558

$357

$205

All Other Exports

$468

$488

$168 $151

$538

$930 $455

$173 $179

$152

$400 $200

$1,009

$547

$764

$800

$439

$1,205

$285

Metals (NAICS 212 & 331)

$167

$142 $391

$295

$0

2016 & 2017 Exports by Month

Exports in millions of U.S. $

$1,400

$1,000

$1,205

$1,154

$1,200

$1,242 $1,135

$1,171

1,086

$962

$1,261 $871

$1,073 $1,009

$920

$911 $930

$764

$800

$1,073

$1,045

$1,027

$916 2016

$600

$706

2017

$648

$400 $200 $0 January

February

March

April

May

June

July

August

September

October

November December

3


Utah's Top 5 Export Commodities Quarter 3 2017 Computer & Electronic Products (NAICS 334) Metals (NAICS 212 & 331) Chemicals (NAICS 325) Food & Kindred Products (NAICS 311) Transportation Equipment (NAICS 336) Other

22.3%

16.5%

9.2% 34.0%

8.0% 10.0%

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

Sep-17

Jul-17

May-17

Mar-17

Jan-17

Nov-16

Sep-16

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

$0.00

10-Year Export Overview $25

Billions U.S $

$20

$19

$19

$16

$15

$14

$10 $8

$5

$5

$6

$6

$5

$12

$12

$12

Value Added All Commodities

$8

$8

$5 $4

$13

$10

$10

Metals (Naics 212&331)

$13

$6

$7

$7

$8

$8

$8 $6

$4

$7 $5

$0 2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

5


2017 Top 5 Export Destinations by Month Exports in Millions of U.S. $

$900

$92 $58

$800 $700 $600

$62 $51 $51

$76 $73

$500 $400 $300

$221 $505

$200 $100 $-

$58 $58 $84

$208

65 50

$471

Netherlands $59 $60

$378

$66 $58 $99

340

$89

Brazil

$132

$177

$175

$53 $58 $63

Japan China

56 53 58

Mexico Taiwan

$359

United Kingdom

259

Hong Kong

$98

$103

$118

100

$94

$94

$88

$114

January

February

March

April

May

June

July

August

98 September October

Canada November December

6


Q3 2017 Top Export Destinations by Utah Economic Clusters In millions of U.S. $

Aerospace & Defense - $371.11 1. 2. 3. 4.

Thailand Mexico Pakistan United Arab Emirates

Life Sciences - $230.55 1. 2. 3. 4. 5.

Canada China Mexico United Kingdom Japan

Energy & Natural Resources - $152.42 1. 2. 3. 4. 5.

China Japan United Arab Emirates South Korea Taiwan

Outdoor Recreation - $41.81 1. 2. 3. 4. 5.

China Canada Zimbabwe Guatemala Japan

IT & Software - $327.90 1. 2. 3. 4. 5.

Japan Mexico Belgium Chile Canada

Non-Cluster - $1,730 1. 2. 3. 4. 5.

Hong Kong United Kingdom Canada China Mexico

7


Utah Export Stats Quarter 3 2017

Total Exports

Quarter 3 2016

Quarter 3 2017

% change 2017-2016

$3,102,694,343

$2,854,596,451

-8.00%

Top 5 Industries (NAICS) $1,329,145,708

$971,346,440

-26.92%

334 Computer & Electronic Products

$406,577,295

$471,541,527

15.98%

325 Chemicals

$268,895,960

$285,436,413

6.15%

311 Food & Kindred Products

$227,232,831

$227,290,169

0.03%

336 Transportation Equipment

$214,087,098

$263,367,964

23.02%

Metals (NAICS 212 & 331)

Top 5 Destinations (ranked by $ value) United Kingdom

$981,390,843

$716,325,625

-27.01%

Canada

$344,364,718

$300,062,213

-12.86%

Hong Kong

$302,896,262

$200,472,674

-33.81%

Japan

$131,053,916

$165,827,499

26.53%

Taiwan

$149,223,310

$164,653,084

10.34%

8

Q3 2017 Export Report  
Q3 2017 Export Report  
Advertisement