Utah’s exports help to keep the state’s economy strong, with the state exporting over $17 billion in goods during 2023. Nearly 433,000 jobs in the state depend on international trade, with more than 3,700 companies across the state exporting goods. 85% of these companies are also small and medium sized businesses.

• In Utah, 432,800 jobs were supported by trade, representing 20.3% of all jobs in the state.^1,2
• In 2022, 3,720 companies exported goods from Utah of which 85% were small- and medium-sized enterprises. In 2021, 62,800 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• Utah exported $17.4 billion in goods to foreign markets in 2023, a 5% increase compared to 2022. Utah’s largest markets were:⁵
  • United Kingdom ($7.2 billion)
  • Canada ($1.7 billion)
  • Mexico ($1.3 billion)
  • China ($1.2 billion)
  • Japan ($821 million)
• Agricultural exports are important to Utah's economy, totaling $600.3 million in 2022, according to the USDA.⁶
• Since 2014, the U.S. Export-Import Bank has financed $223 million in exports from 25 companies in Utah.⁷
• Since 1992, the U.S. Trade and Development Agency has helped facilitate $67 million in exports from Utah companies.⁹

• From 2022-2023, 10019 international students were enrolled in Utah colleges and universities and contributed $303 million to the Utah economy.¹⁰

• Since 1961, 1,209 Peace Corps volunteers from Utah have served in dozens of countries overseas.¹¹

1. https://s3.amazonaws.com/brt.org/Business-Roundtable_TradeandAmericanJobs2022.pdf
2. https://www.businessroundtable.org/policy-perspectives/trade-international/benefits-of-trade-data
3. https://www.census.gov/foreign-trade/Press-Release/edb/edbrel2021.pdf
4. https://www.bea.gov/sites/default/files/2023-08/imne0823_0.pdf
5. https://www.trade.gov/data-visualization/state-economy-and-trade-factsheets
6. https://www.ers.usda.gov/data-products/state-fact-sheets.aspx#.U2ERwbQzqX8
7. https://www.exim.gov/customer-map/
8. https://www.mcc.gov/work-with-us/mcc-business/vehicles/
9. https://ustda.gov/ustda-success-by-state/
10. https://www.nafsa.org/policy-and-advocacy/policy-resources/nafsa-international-student-economic-value-tool-v2
11. https://www.peacecorps.gov/stories/peace-corps-announces-top-2023-volunteer-producing-states/