Utah

State in United States

Exports (2019): $17.3B, Rnk 26/53

Top Destination (2019): $8.75B, United Kingdom

Top Export (2019): $8.93B, Gold in unwrought forms non-monetary

Imports (2019): $15.2B, Rnk 30/53

Top Origin (2019): $4.65B, Mexico

Top Import (2019): $3.61B, Gold in unwrought forms non-monetary

Economic Complexity (2019): 0.073, Rnk 43 / 53

Overview: This page contains the latest international trade data for Utah, including export and import data.

Exports: In 2019, United States' Utah exported $17.3B, making it the 26th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Utah were Gold in unwrought forms non-monetary ($8.93B), Food preparations nes ($522M), Aircraft parts nes ($505M), Electronic integrated circuits: memories ($495M), and Vehicle parts: safety airbags with inflater... ($329M).

Imports: In 2019, United States' Utah imported $15.2B, making it the 30th largest importer out of the 53 importers in United States. In 2019 top imports of Utah were Gold in unwrought forms non-monetary ($3.61B), Commodities not specified according to kind ($1.13B), Silver in unwrought forms ($737M), Artificial parts of the body: excluding... ($644M), and Road tractors for semi-trailers (truck tractors) ($641M).

Economic Complexity: In 2019, the highest complexity exports of Utah according to the product complexity index (PCI) are Chemical Analysis Instruments (1.78), Glass Working Machines (1.65), Tensile Testing Machines (1.64), X-Ray Equipment (1.47), and Interchangeable Tool Parts (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): United Kingdom, $8.75B

Top Product (2019): Gold in unwrought forms non-monetary, $8.93B

In 2019 the top export destinations of Utah were United Kingdom ($8.75B), Canada ($1.39B), Japan ($842M), Mexico ($762M), and Taiwan ($639M).

In 2019 the top exports of Utah were Gold in unwrought forms non-monetary ($8.93B), Food preparations nes ($522M), Aircraft parts nes ($505M), Electronic integrated circuits: memories ($495M), and Vehicle parts: safety airbags with inflater... ($329M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Mexico, $4.65B

Top Import (2019): Gold in unwrought forms non-monetary, $3.61B

In 2019 the top import origins of Utah were Mexico ($4.65B), China ($2.53B), Canada ($2.1B), Singapore ($683M), and Taiwan ($488M).

In 2019 the top imports of Utah were Gold in unwrought forms non-monetary ($3.61B), Commodities not specified according to kind ($1.13B), Silver in unwrought forms ($737M), Artificial parts of the body: excluding... ($644M), and Road tractors for semi-trailers (truck tractors) ($641M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Utah throughout time.

This section shows forecasts for total exports and imports from Utah. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Utah ranks 43rd out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Utah already has a comparative advantage, are led by Planes, Helicopters, and/or Spacecraft (0.13), Horses (0.13), Special Pharmaceuticals (0.12), Other Precious Metal Products (0.12), and Scrap Iron (0.12).

Most Complex Products by PCI

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The highest complexity exports of Utah according to the product complexity index (PCI) are Chemical Analysis Instruments (1.78), Glass Working Machines (1.65), Tensile Testing Machines (1.64), X-Ray Equipment (1.47), and Interchangeable Tool Parts (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Molybdenum Ore (59.9), Forage Crops (54.4), Detonating Fuses (50.9), Essential Oils (41.3), and Pearl Products (40.9).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Utah is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Utah. These are products that tend to be co-exported with the products that Utah exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.