Overview: In May 2021 Washington exported $3.61B and imported $4.84B, resulting in a negative trade balance of $1.23B. Between May 2020 and May 2021 the exports of Washington have increased by $827M (29.7%) from $2.78B to $3.61B, while imports increased by $1.71B (54.9%) from $3.12B to $4.84B.
Trade: In May 2021, the top exports of Washington were Aircraft Parts ($608M), Corn ($599M), Wheat ($254M), Medical Instruments ($142M), and Oil Seed Flower ($89.7M). In May 2021 the top imports of Washington were Crude Petroleum ($598M), Cars ($345M), Commodities not elsewhere specified ($332M), Petroleum Gas ($260M), and Sawn Wood ($109M).
Destinations: In May 2021, Washington exported mostly to Canada ($609M), China ($589M), Japan ($417M), South Korea ($275M), and Philippines ($228M), and imported mostly from Canada ($1.6B), China ($935M), Japan ($359M), South Korea ($357M), and Vietnam ($284M).
Growth: In May 2021, the increase in Washington's year-by-year exports was explained primarily by an increase in exports to Canada ($204M or 50.2%), Uzbekistan ($162M or 169k%), and Iceland ($147M or 133k%), and product exports increase in Corn ($326M or 119%), Aircraft Parts ($150M or 32.8%), and Scrap Iron ($49.5M or 157%). In May 2021, the increase in Washington's year-by-year imports was explained primarily by an increase in imports from Canada ($875M or 121%), South Korea ($235M or 192%), and Japan ($155M or 75.6%), and product imports increase in Crude Petroleum ($454M or 317%), Cars ($221M or 179%), and Commodities not elsewhere specified ($135M or 68.9%).