According to data provided by the World Trade Center, Utah in 2008 exported over $550 million of goods and services to the People’s Republic of China. This outbound trade to China is growing and will become much more profitable for Utah companies due to the emerging Chinese middle (consumer) class. Attached is a graph showing the tremendous growth over the past eight years in exports from Utah to the PRC - from a mere $33 million in 2000 to where it is today. This is an unprecedented trend. If the rate of growth continues, China will soon eclipse Canada and Mexico as our main foreign export partner.
To view chart, click here:
http://www.sglawblog.com/wp-content/uploads/2009/10/4432_0012.pdf
Tags: China, exports, foreign trade, People's Republic of China, PRC, trade, Utah, Utah exports