Seattle, WaDistrict in Washington, State of United States
2020 Economic Complexity : -0.073, Rank 37 of 39
Apr 2021 Trade Exports | Imports: $4.53B | $6.75B, 11 of 43 | 11 of 42
Apr 2021 Country Destination | Origin: Canada | Canada , $1.43B | $1.96B
Apr 2021 Product Exports | Imports: Aircraft parts nes | Petroleum oils, oils from bituminous minerals, crude , $875M | $432M
Overview: This page contains the latest international trade data for Seattle, WA, including export and import data.
Exports: In 2020, United States' Seattle, Wa exported $48.2B, making it the 12th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Seattle, Wa were Aircraft parts nes ($8.1B), Soya beans: other than seed, whether... ($2.09B), Electronic integrated circuits: processors and controllers,... ($1.8B), Light petroleum distillates nes ($1.1B), and Soya bean flour or meal ($890M).
Imports: In 2020, United States' Seattle, Wa imported $62.9B, making it the 12th largest importer out of the 43 importers in United States. In 2020 top imports of Seattle, Wa were Petroleum oils, oils from bituminous minerals,... ($3.5B), Medium Sized Cars ($2.65B), Aircraft parts nes ($2.29B), Commodities not specified according to kind ($2.29B), and Games: video game consoles and machines,... ($1.94B).
Economic Complexity: In 2019, the highest complexity exports of Seattle, Wa according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.3), Photographic Film (2.08), Chemical Analysis Instruments (1.84), Fork-Lifts (1.8), and Oscilloscopes (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In April 2021 Seattle, WA exported $4.53B and imported $6.75B, resulting in a negative trade balance of $2.21B. Between April 2020 and April 2021 the exports of Seattle, WA have increased by $1.23B (37.3%) from $3.3B to $4.53B, while imports increased by $2.35B (53.5%) from $4.4B to $6.75B.
Trade: In April 2021, the top exports of Seattle, WA were Aircraft Parts ($878M), Corn ($290M), Machines and apparatus of a kind... ($97.2M), Integrated Circuits ($95.6M), and Refined Petroleum ($94.4M). In April 2021 the top imports of Seattle, WA were Crude Petroleum ($432M), Cars ($395M), Sawn Wood ($265M), Commodities not elsewhere specified ($265M), and Vehicle Parts ($190M).
Destinations: In April 2021, Seattle, WA exported mostly to Canada ($1.43B), Japan ($666M), China ($486M), South Korea ($470M), and Germany ($216M), and imported mostly from Canada ($1.96B), Japan ($1.22B), China ($1.13B), South Korea ($403M), and Vietnam ($320M).
Growth: In April 2021, the increase in Seattle, WA's year-by-year exports was explained primarily by an increase in exports to Canada ($481M or 50.7%), Japan ($348M or 109%), and South Korea ($289M or 159%), and product exports increase in Aircraft Parts ($582M or 197%), Corn ($232M or 404%), and Delivery Trucks ($54.7M or 371%). In April 2021, the increase in Seattle, WA's year-by-year imports was explained primarily by an increase in imports from Canada ($801M or 69.2%), Japan ($580M or 90.8%), and China ($371M or 48.7%), and product imports increase in Cars ($279M or 239%), Crude Petroleum ($187M or 76.7%), and Sawn Wood ($180M or 213%).
EXPORT GROWTH (April 2020 - April 2021): $1.23B, (37.3%)
IMPORT GROWTH (April 2020 - April 2021): $2.35B, (53.5%)
This section shows exports and imports data at subnational level for Seattle, WA. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Seattle, WA over time.
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Top Destination (2020): Canada, $14.7B
Top Product (2020): Aircraft parts nes, $8.1B
In 2020 the top export destinations of Seattle, Wa were Canada ($14.7B), China ($6.83B), Japan ($4.39B), South Korea ($2.37B), and United Kingdom ($1.91B).
In 2020 the top exports of Seattle, Wa were Aircraft parts nes ($8.1B), Soya beans: other than seed, whether... ($2.09B), Electronic integrated circuits: processors and controllers,... ($1.8B), Light petroleum distillates nes ($1.1B), and Soya bean flour or meal ($890M).
Top Origin (2020): Canada, $17.1B
Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $3.5B
In 2020 the top import origins of Seattle, Wa were Canada ($17.1B), China ($13.1B), Japan ($9.23B), Vietnam ($4.42B), and South Korea ($2.77B).
In 2020 the top imports of Seattle, Wa were Petroleum oils, oils from bituminous minerals,... ($3.5B), Medium Sized Cars ($2.65B), Aircraft parts nes ($2.29B), Commodities not specified according to kind ($2.29B), and Games: video game consoles and machines,... ($1.94B).
Fastest Growing Import Origins (Apr 2020 - Apr 2021)
Rapidly Declining Import Origins (Apr 2020 - Apr 2021)
Economic Complexity (2020): -0.073
Seattle, Wa ranks 37th out of the 43 districts in United States according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Seattle, Wa already has a comparative advantage, are led by Bovine Meat (0.33), Jams (0.32), Zinc Ore (0.32), Ground Nuts (0.32), and Non-fillet Fresh Fish (0.31).
The highest complexity exports of Seattle, Wa according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.3), Photographic Film (2.08), Chemical Analysis Instruments (1.84), Fork-Lifts (1.8), and Oscilloscopes (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Oil Seed Flower (376), Forage Crops (87.6), Hops (87.3), Hydrides and other anions (56.9), and Aircraft Parts (33.3).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Seattle, Wa is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
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