Washington

State in United States

2019
Economic
Complexity
: -0.21, Rank 49 of 53

Jan 2021
Trade
Exports | Imports
: $4.13B | $4.14B, 7 of 54 | 15 of 54

Jan 2021
Country
Destination | Origin
: China | Canada , $1.22B  | $1.18B

Jan 2021
Product
Exports | Imports
: Soybeans | Crude Petroleum , $969M  | $310M

Overview: This page contains the latest international trade data for Washington, including export and import data.

Exports: In 2020, United States' Washington exported $41.3B, making it the 9th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Washington were Aircraft parts nes ($8.06B), Soya beans: other than seed, whether... ($5.37B), Cereals: wheat and meslin, other than... ($2.64B), Maize except seed corn ($1.7B), and Light petroleum distillates nes ($908M).

Imports: In 2020, United States' Washington imported $48.9B, making it the 15th largest importer out of the 53 importers in United States. In 2020 top imports of Washington were Medium Sized Cars ($4.16B), Petroleum oils, oils from bituminous minerals,... ($3.54B), Commodities not specified according to kind ($2.53B), Natural gas in gaseous state ($2.11B), and Games: video game consoles and machines,... ($1.96B).

Economic Complexity: In 2019, the highest complexity exports of Washington according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Non-Mechanical Removal Machinery (1.78), Oscilloscopes (1.77), Chemical Analysis Instruments (1.7), and Fork-Lifts (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Washington's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): China, $9.13B

Top Product (2020): Aircraft parts nes, $8.06B

In 2020 the top export destinations of Washington were China ($9.13B), Canada ($6.26B), Japan ($4.81B), South Korea ($1.92B), and Philippines ($1.71B).

In 2020 the top exports of Washington were Aircraft parts nes ($8.06B), Soya beans: other than seed, whether... ($5.37B), Cereals: wheat and meslin, other than... ($2.64B), Maize except seed corn ($1.7B), and Light petroleum distillates nes ($908M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Canada, $12.8B

Top Import (2020): Medium Sized Cars, $4.16B

In 2020 the top import origins of Washington were Canada ($12.8B), China ($11.6B), Japan ($5.96B), Vietnam ($2.69B), and South Korea ($2.07B).

In 2020 the top imports of Washington were Medium Sized Cars ($4.16B), Petroleum oils, oils from bituminous minerals,... ($3.54B), Commodities not specified according to kind ($2.53B), Natural gas in gaseous state ($2.11B), and Games: video game consoles and machines,... ($1.96B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Washington ranks 49th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Washington already has a comparative advantage, are led by Animal Meal and Pellets (0.15), Crude Petroleum (0.15), Ground Nuts (0.15), Raw Cotton (0.15), and Other Oily Seeds (0.15).

Most Complex Products by PCI

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The highest complexity exports of Washington according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Non-Mechanical Removal Machinery (1.78), Oscilloscopes (1.77), Chemical Analysis Instruments (1.7), and Fork-Lifts (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Oil Seed Flower (243), Aircraft Parts (83.8), Hops (78.2), Forage Crops (53.3), and Other Frozen Vegetables (30.8).

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 Washington 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.

Relatedness Space

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This network shows the products most related to the production structure of  Washington. These are products that tend to be co-exported with the products that Washington exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.