October 1, 2012

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What Doesn’t Kill You…

Almost anything can affect the success of a business. Economics, location ...Read More

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Crossing Borders

A Look at Utah’s Export Growth

October 1, 2012

Export Demand Adaptability Index
                                                   1999    2004    2009   

  1. Nevada            3.06     5.41     8.20   
  2. West Virginia    4.68     6.61     7.12   
  3. Delaware          4.82     3.47     6.17   
  4. Utah     5.20     4.02     5.57   
  5. Indiana 4.26     5.78     4.12   
  6. Connecticut      3.69     3.45     3.29   
  7. Massachusetts  3.02     3.11     3.26   
  8. South Carolina  1.67     2.94     3.07   
  9. Texas   2.69     2.86     2.99   
  10. Kentucky         3.01     2.64     2.96                                                               

Utah was in the top five states with the highest export demand adaptability index, meaning that it was able to adapt and export substantial amounts of demanded products, such as machinery, pharmaceutical, chemicals, etc.
Source: Center of Business and Economic Research

Top 5 Destinations
Mid-Year 2012
Source: World Trade Center Utah
United Kingdom           $3,024,070,636
Hong Kong      $2,252,082,919
Canada            $986,255,473
Thailand           $391,629,393
India     $342,020,374

Utah was the only state to double its exports from 2006 to 2010.
Source GOED

Page 12
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