WashingtonState in United States
2020 Economic Complexity : -0.14, Rank 49 of 52
May 2021 Trade Exports | Imports: $3.61B | $4.84B, 13 of 54 | 15 of 54
May 2021 Country Destination | Origin: Canada | Canada , $609M | $1.6B
May 2021 Product Exports | Imports: Aircraft parts nes | Petroleum oils, oils from bituminous minerals, crude , $607M | $598M
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), Other Measuring Instruments (1.86), Chemical Analysis Instruments (1.7), Other Engines (0.91), and Laboratory Reagents (0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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%).
EXPORT GROWTH (May 2020 - May 2021): $827M, (29.7%)
IMPORT GROWTH (May 2020 - May 2021): $1.71B, (54.9%)
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.
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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).
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).
Economic Complexity (2020): -0.14
Washington ranks 49th out of the 53 states and territories in United States according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
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 Scrap Lead (0.19), Other Oily Seeds (0.19), Crude Petroleum (0.19), Non-fillet Fresh Fish (0.19), and Ground Nuts (0.19).
The highest complexity exports of Washington according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Other Measuring Instruments (1.86), Chemical Analysis Instruments (1.7), Other Engines (0.91), and Laboratory Reagents (0.88). 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 (437), Hops (116), Forage Crops (76), Sorghum (56.7), and Soybeans (40.2).
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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