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%).