Utah

Overview In December 2024 Utah exported $1.59B and imported $2.34B, resulting in a negative trade balance of $748M. Between December 2023 and December 2024 the exports of Utah have decreased by $-82.1M (-4.91%) from $1.67B to $1.59B, while imports increased by $662M (39.5%) from $1.68B to $2.34B.

Trade In December 2024, the top exports of Utah were Gold ($296M), Medical Instruments ($66.9M), Aircraft parts (gliders, balloons, and powered... ($49.9M), Motor vehicles; parts and accessories (8701... ($33.3M), and Other Edible Preparations ($32.5M). In December 2024 the top imports of Utah were Gold ($782M), Office Machine Parts ($600M), Computers ($510M), Telephones ($169M), and Orthopedic Appliances ($92.4M).

Destinations In December 2024, Utah exported mostly to United Kingdom ($321M), Canada ($103M), China ($91.6M), Mexico ($85.2M), and Germany ($46.4M), and imported mostly from Chinese Taipei ($1.1B), Canada ($774M), Mexico ($418M), China ($312M), and Thailand ($140M).

Growth In December 2024, the decrease in Utah's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-422M or -56.8%), Italy ($-29.9M or -71%), and Spain ($-19.8M or -65.6%), and product exports decrease in Gold ($-428M or -59.1%), Aircraft parts (gliders, balloons, and powered... ($-37.6M or -42.9%), and Office Machine Parts ($-16M or -81.9%). In December 2024, the increase in Utah's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($982M or 843%), Canada ($508M or 191%), and Mexico ($85.1M or 25.5%), and product imports increase in Office Machine Parts ($546M or 1.01k%), Gold ($507M or 184%), and Computers ($476M or 1.4k%).