Overview: In January 2021 Olympia, WA exported $11.2M and imported $12k, resulting in a positive trade balance of $11.2M. Between January 2020 and January 2021 the exports of Olympia, WA have increased by $26.2k (0.23%) from $11.1M to $11.2M, while imports decreased by $-4.83k (-28.6%) from $16.9k to $12k.
Trade: In January 2021, the top exports of Olympia, WA were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of Olympia, WA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Olympia, WA exported mostly to Japan ($11M) and South Korea ($140k), and imported mostly from China ($6.4k), Canada ($5.13k), Vietnam ($504), and France ($0).
Growth: In January 2021, the increase in Olympia, WA's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the decrease in Olympia, WA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-641M or -63.5%), Ireland ($-631M or -76.8%), and Mexico ($-502M or -5.79%), and product imports decrease in Crude Petroleum ($-995M or -52.5%), Nucleic Acids ($-936M or -83.4%), and Crude Petroleum ($-748M or -34.7%).