Overview: In January 2021 Port Townsend, WA exported $75.7k and imported $65.2M, resulting in a negative trade balance of $65.1M. Between January 2020 and January 2021 the exports of Port Townsend, WA have increased by $52.8k (230%) from $22.9k to $75.7k, while imports decreased by $-11.6M (-15.1%) from $76.8M to $65.2M.
Trade: In January 2021, the top exports of Port Townsend, 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 Port Townsend, WA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Port Townsend, WA exported mostly to Canada ($75.7k), and imported mostly from Canada ($65.2M).
Growth: In January 2021, the increase in Port Townsend, 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 ($742M or 188%). In January 2021, the decrease in Port Townsend, WA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).