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Overview This page contains the latest international trade data for Utah. In November 2023 Utah was the number 28 in total exports and the number 31 in total imports in United States.

Exports In 2022, United States' Utah exported $16.5B, making it the 28th largest exporter out of the 53 exporters in United States. In 2022 the top exports of Utah were Gold in unwrought forms non-monetary ($6.97B), Needles, catheters, cannulae etc, (medical) ($554M), Food preparations nes ($519M), Other Aircraft parts ($401M), and Frozen Boneless Beef Cuts ($264M).

Imports In 2022, United States' Utah imported $19.1B, making it the 31st largest importer out of the 53 importers in United States. In 2022 top imports of Utah were Gold in unwrought forms non-monetary ($3B), Commodities not specified according to kind ($1.19B), Communication apparatus (excluding telephone sets or... ($632M), Silver in unwrought forms ($547M), and Road tractors for semi-trailers, with only... ($475M).

Economic Complexity In 2022, the highest complexity exports of Utah according to the product complexity index (PCI) are Oscilloscopes (1.81), Interchangeable Tool Parts (1.74), Hydrides and other anions (1.72), Chemical Analysis Instruments (1.68), Plastic Coated Textile Fabric (1.56), X-Ray Equipment (1.5), Tensile Testing Machines (1.46), Micro-Organism Culture Preparations (1.27), Wind Instruments (1.23), and Laboratory Reagents (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)United Kingdom$7.08B
Top Product (2022)Gold in unwrought forms non-monetary$6.97B

In 2022 the top export destinations of Utah were United Kingdom ($7.08B), Canada ($1.69B), Mexico ($1.08B), China ($1.06B), and Japan ($765M).

In 2022 the top exports of Utah were Gold in unwrought forms non-monetary ($6.97B), Needles, catheters, cannulae etc, (medical) ($554M), Food preparations nes ($519M), Other Aircraft parts ($401M), and Frozen Boneless Beef Cuts ($264M).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
Mexico $29.5M (27.3%)
Singapore $14.3M (77.5%)
United Arab Emirates $13.8M (1.29k%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
United Kingdom -$114M (-15.9%)
Australia -$29M (-64.4%)
Netherlands -$20M (-32.8%)

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Yearly Imports

Color
Depth
Top Origin (2022)Mexico$4.59B

In 2022 the top import origins of Utah were Mexico ($4.59B), China ($3.26B), Canada ($3B), Taiwan ($988M), and Vietnam ($933M).

In 2022 the top imports of Utah were Gold in unwrought forms non-monetary ($3B), Commodities not specified according to kind ($1.19B), Communication apparatus (excluding telephone sets or... ($632M), Silver in unwrought forms ($547M), and Road tractors for semi-trailers, with only... ($475M).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Taiwan $168M (225%)
Canada $110M (48.3%)
China $89.4M (36.8%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
Thailand -$52.7M (-56.1%)
Brazil -$48.8M (-89.4%)
Vietnam -$26.6M (-32%)

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Economic Complexity

Economic Complexity of Utah

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Economic Complexity (2022)0.15

Utah ranks 40th out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Utah already has a comparative advantage, are led by Aircraft Launch Gear (0.16), Gas Turbines (0.15), Water Soluble Proteins (0.15), Coin (0.15), and Scrap Lead (0.15).

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Most Complex Products by PCI

The highest complexity exports of Utah according to the product complexity index (PCI) are Oscilloscopes (1.81), Interchangeable Tool Parts (1.74), Hydrides and other anions (1.72), Chemical Analysis Instruments (1.68), Plastic Coated Textile Fabric (1.56), X-Ray Equipment (1.5), Tensile Testing Machines (1.46), Micro-Organism Culture Preparations (1.27), Wind Instruments (1.23), and Laboratory Reagents (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Prepared Explosives (66.39), Detonating Fuses (48.89), Micro-Organism Culture Preparations (32.27), Pearl Products (31.26), and Forage Crops (30.35).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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