Utah

Overview In January 2024 Utah exported $1.52B and imported $1.56B, resulting in a negative trade balance of $45.1M. Between January 2023 and January 2024 the exports of Utah have increased by $110M (7.78%) from $1.41B to $1.52B, while imports decreased by $-55.4M (-3.42%) from $1.62B to $1.56B.

Trade In January 2024, the top exports of Utah were Gold ($725M), Aircraft Parts ($87.4M), Medical Instruments ($64.3M), Integrated Circuits ($36.4M), and Motor vehicles; parts and accessories (8701... ($30.5M). In January 2024 the top imports of Utah were Gold ($276M), Motor vehicles; parts and accessories (8701... ($80.3M), Commodities not elsewhere specified ($72.9M), Telephones ($70.2M), and Silver ($54.9M).

Destinations In January 2024, Utah exported mostly to United Kingdom ($743M), Canada ($104M), Mexico ($102M), China ($76.7M), and Japan ($43.2M), and imported mostly from Mexico ($333M), China ($276M), Canada ($266M), Taiwan ($116M), and Vietnam ($81.2M).

Growth In January 2024, the increase in Utah's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($84.3M or 14.9%), Singapore ($38.8M or 280%), and Germany ($14.1M or 55.8%), and product exports increase in Gold ($90.3M or 16.6%), Integrated Circuits ($35.1M or 1.06k%), and Delivery Trucks ($21.7M or 3.39k%). In January 2024, the decrease in Utah's year-by-year imports was explained primarily by an decrease in imports from Malaysia ($-58.1M or -88%), Canada ($-45.6M or -18.7%), and Germany ($-6.76M or -20.1%), and product imports decrease in Commodities not elsewhere specified ($-36.3M or -38.2%), Computers ($-21.9M or -53.8%), and Integrated Circuits ($-21.5M or -87.6%).