Overview In August 2022 Washington exported $4.43B and imported $6.64B, resulting in a negative trade balance of $2.22B. Between August 2021 and August 2022 the exports of Washington have increased by $1.17B (35.9%) from $3.26B to $4.43B, while imports increased by $949M (16.7%) from $5.69B to $6.64B.
Trade In August 2022, the top exports of Washington were Aircraft Parts ($989M), Wheat ($459M), Soybeans ($369M), Refined Petroleum ($167M), and Corn ($149M). In August 2022 the top imports of Washington were Crude Petroleum ($851M), Petroleum Gas ($603M), Cars ($486M), Other toys ($371M), and Commodities not elsewhere specified ($167M).
Destinations In August 2022, Washington exported mostly to Canada ($932M), China ($890M), Japan ($408M), South Korea ($276M), and Philippines ($161M), and imported mostly from Canada ($2.01B), China ($1.76B), Japan ($602M), Vietnam ($391M), and South Korea ($222M).
Growth In August 2022, the increase in Washington's year-by-year exports was explained primarily by an increase in exports to China ($706M or 136%), United Kingdom ($277M or 246%), and Taiwan ($148M or 192%), and product exports increase in Soybeans ($667M or 220%), Corn ($276M or 1.91k%), and Telephones ($73.1M or 428%). In August 2022, the increase in Washington's year-by-year imports was explained primarily by an increase in imports from China ($197M or 23.7%), Vietnam ($77.8M or 35.6%), and Brazil ($38.6M or 241%), and product imports increase in Video and Card Games ($163M or 185%), Other toys ($45.7M or 67.6%), and Radioactive Chemicals ($45.3M or 201%).