Overview: In January 2021 Salt Lake City, UT exported $740M and imported $150M, resulting in a positive trade balance of $590M. Between January 2020 and January 2021 the exports of Salt Lake City, UT have increased by $49M (7.09%) from $691M to $740M, while imports increased by $12.7M (9.22%) from $138M to $150M.
Trade: In January 2021, the top exports of Salt Lake City, UT were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of Salt Lake City, UT were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Salt Lake City, UT exported mostly to United Kingdom ($734M), Canada ($2.01M), China ($1.34M), Germany ($870k), and Singapore ($597k), and imported mostly from Mexico ($122M), Argentina ($22.9M), Chile ($995k), Australia ($900k), and Spain ($891k).
Growth: In January 2021, the increase in Salt Lake City, UT's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the increase in Salt Lake City, UT's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 59%), China ($1.79B or 20.1%), and Switzerland ($851M or 229%), and product imports increase in Computers ($1.32B or 78.1%), Other Precious Metal Products ($851M or 2.19k%), and Computers ($792M or 126%).