In 2007, Canada–Utah trade in merchandise totaled $2.3 billion. The state supplied its northern NAFTA partner with $922 million in goods and purchased $1.4 billion worth. Canada was the state’s second largest foreign partner, receiving 12% of the state’s foreign–bound sales.
The transportation sector dominated the exchange in 2007. Utah’s leading sector was transportation goods at $229 million and its most valuable commodity was motor vehicle parts (excluding engines) which generated $106 million in sales alone. While Utah topped the exchange with auto parts, Canada soared with shipments to the state of finished aircraft totaling $238 million. Bilateral trade in transportation products exemplifies the integrated Canada–U.S. marketplace, which benfits consumers and provides jobs on both sides of the border.
The metals sector was profitable for the Beehive State in 2007 as bilateral sales grew to $241 million and Utah’s trade surplus totaled $21 million. The state’s leading metal commodity was steel bars and rods ($17 million). In return, Canada shipped $110 million in metals and metal goods to the state. Utah looked to its northern neighbor for metal fabricated products ($27 million), aluminum, including alloys ($26 million), precious metals and alloys ($10 million) and more.
The state found an eager market north of the border as $162 million in Utah–crafted goods made it into Canadian homes in 2007. Canadian consumers bought furniture and fixtures ($38 million), stationery and office supplies ($17 million), and hand tools and cutlery ($14 million). Not to be outdone, Canadian manufacturers shipped $61 million in personal and household goods to the state. The export volume, which jumped by 42% from the previous year included firearms and ammunition, printed matter, toys, games, sporting and recreational equipment.
From Moab, Utah’s adventure capital to bustling Salt Lake City, Canadians made 164,800 visits in 2007 and spent $85 million exploring the state’s attractions. Adventuresome Utahans made 79,600 visits north of the 49th Parallel and spent $55 million exploring their dynamic neighbor to the north.
Governor John Huntsman of Utah along with 25 delegates from the state’s life sciences industry spent two days in Toronto meeting with their Ontario counterparts. Huntsman was the first Governor to visit the MaRS facility since its opening in 2005. The Governor tasked his science advisor with inviting MaRS representatives to Utah for a collaboration opportunity session.
June 2008
