Overview: In January 2021 Tacoma, WA exported $638M and imported $2.85B, resulting in a negative trade balance of $2.22B. Between January 2020 and January 2021 the exports of Tacoma, WA have increased by $18.9M (3.05%) from $619M to $638M, while imports decreased by $-334k (-0.012%) from $2.86B to $2.85B.
Trade: In January 2021, the top exports of Tacoma, 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 Tacoma, WA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Tacoma, WA exported mostly to China ($222M), Japan ($191M), South Korea ($63.8M), Taiwan ($22.1M), and Singapore ($21.4M), and imported mostly from China ($971M), Japan ($727M), Vietnam ($477M), Taiwan ($225M), and South Korea ($133M).
Growth: In January 2021, the increase in Tacoma, 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 ($742M or 188%). In January 2021, the decrease in Tacoma, WA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).