Overview: In January 2021 Washington, DC exported $413M and imported $780M, resulting in a negative trade balance of $367M. Between January 2020 and January 2021 the exports of Washington, DC have decreased by $-91.7M (-18.2%) from $504M to $413M, while imports increased by $83.8M (12%) from $696M to $780M.
Trade: In January 2021, the top exports of Washington, DC 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 Washington, DC were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Washington, DC exported mostly to Netherlands ($55.7M), United Kingdom ($50.2M), Germany ($32.9M), Japan ($29.1M), and France ($26.8M), and imported mostly from Belgium ($323M), Denmark ($63.2M), Switzerland ($61.4M), Germany ($61.2M), and United Kingdom ($50.5M).
Growth: In January 2021, the decrease in Washington, DC's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-882M or -53.2%), and Refined Petroleum ($-668M or -16.5%). In January 2021, the increase in Washington, DC's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 59%), China ($1.79B or 20.1%), and Switzerland ($851M or 229%), and product imports increase in Computers ($1.32B or 78.1%), Other Precious Metal Products ($851M or 2.19k%), and Computers ($792M or 126%).