WTC Utah Releases Q3 Export Report

WTC Utah Releases Q3 Export Report

Utah continues to see overall export growth for 2017 compared to 2016.

World Trade Center Utah released their quarterly Export Report for Q3 this week.

Overall, Utah exports in Q3 2017 experienced a slight increase compared to Q3 2016. The increase can be attributed to an increase in value added exports, which made up approximately 66 percent of Utah’s total exports in 2017.

Utah remains on track to see an overall increase in exports from 2017 compared to 2016, with $9.29 billion in goods exported as of September, compared to $9.01 billion at the same time last year. Utah is currently on pace for a steady 2.1 percent increase in exports.

Aerospace and defense continues to lead Utah’s economic clusters in exports, exporting $371.11 million in goods to foreign markets in Q3. The top four export destinations for that economic cluster are Thailand, Mexico, Pakistan and the United Arab Emirates.

To download the full report, click here.