WashingtonState 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.
Overview: In January 2021 Washington exported $4.13B and imported $4.14B, resulting in a negative trade balance of $7.54M. Between January 2020 and January 2021 the exports of Washington have increased by $738M (21.7%) from $3.39B to $4.13B, while imports increased by $97.9M (2.42%) from $4.04B to $4.14B.
Trade: In January 2021, the top exports of Washington were Soybeans ($969M), Aircraft Parts ($738M), Corn ($291M), Wheat ($162M), and Oil Seed Flower ($118M). In January 2021 the top imports of Washington were Crude Petroleum ($310M), Cars ($295M), Petroleum Gas ($272M), Video and Card Games ($252M), and Commodities not elsewhere specified ($178M).
Destinations: In January 2021, Washington exported mostly to China ($1.22B), Japan ($462M), Canada ($437M), United Kingdom ($390M), and Taiwan ($226M), and imported mostly from Canada ($1.18B), China ($1.03B), Japan ($386M), Vietnam ($296M), and South Korea ($142M).
Growth: In January 2021, the increase in Washington's year-by-year exports was explained primarily by an increase in exports to China ($656M or 116%), United Kingdom ($277M or 246%), and Taiwan ($153M or 209%), and product exports increase in Soybeans ($617M or 175%), Corn ($276M or 1.91k%), and Telephones ($73.1M or 428%). In January 2021, the increase in Washington's year-by-year imports was explained primarily by an increase in imports from China ($190M or 22.7%), Vietnam ($77.1M or 35.2%), and Brazil ($38.1M or 232%), and product imports increase in Video and Card Games ($163M or 184%), Radioactive Chemicals ($45.3M or 201%), and Models and Stuffed Animals ($44.8M or 65.5%).
EXPORT GROWTH (January 2020 - January 2021): $738M, (21.7%)
IMPORT GROWTH (January 2020 - January 2021): $97.9M, (2.42%)
This section shows exports and imports data at subnational level for Washington. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Washington over time.
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.
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).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
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).
Fastest Growing Import Origins (Jan 2020 - Jan 2021)
Rapidly Declining Import Origins (Jan 2020 - Jan 2021)
Washington ranks 49th out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
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).
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.
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.
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.
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