WashingtonState in United States
2020 Economic Complexity : -0.14, Rank 49 of 52
Jul 2021 Trade Exports | Imports: $4.2B | $5.33B, 9 of 54 | 15 of 54
Jul 2021 Country Destination | Origin: Canada | Canada , $890M | $1.59B
Jul 2021 Product Exports | Imports: Aircraft parts nes | Petroleum oils, oils from bituminous minerals, crude , $1.06B | $670M
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 2020, 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.
July, 2021
Overview In July 2021 Washington exported $4.2B and imported $5.33B, resulting in a negative trade balance of $1.13B. Between July 2020 and July 2021 the exports of Washington have increased by $1.45B (52.5%) from $2.75B to $4.2B, while imports increased by $1.1B (25.9%) from $4.23B to $5.33B.
Trade In July 2021, the top exports of Washington were Aircraft Parts ($1.06B), Corn ($379M), Wheat ($190M), Planes, Helicopters, and/or Spacecraft ($179M), and Refined Petroleum ($153M). In July 2021 the top imports of Washington were Crude Petroleum ($670M), Cars ($545M), Petroleum Gas ($379M), Commodities not elsewhere specified ($212M), and Models and Stuffed Animals ($110M).
Destinations In July 2021, Washington exported mostly to Canada ($890M), China ($639M), Ireland ($316M), Japan ($284M), and Mexico ($209M), and imported mostly from Canada ($1.59B), China ($1.1B), Japan ($554M), South Korea ($347M), and Russia ($259M).
Growth In July 2021, the increase in Washington's year-by-year exports was explained primarily by an increase in exports to Canada ($349M or 64.4%), China ($344M or 117%), and Ireland ($306M or 3.21k%), and product exports increase in Aircraft Parts ($649M or 157%), Corn ($226M or 148%), and Planes, Helicopters, and/or Spacecraft ($178M or 510k%). In July 2021, the increase in Washington's year-by-year imports was explained primarily by an increase in imports from Canada ($504M or 46.5%), South Korea ($194M or 126%), and Russia ($192M or 286%), and product imports increase in Crude Petroleum ($364M or 119%), Petroleum Gas ($217M or 134%), and Cars ($134M or 32.6%).
EXPORT GROWTH (July 2020 - July 2021): $1.45B, (52.5%)
IMPORT GROWTH (July 2020 - July 2021): $1.1B, (25.9%)
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 (436.9), Hops (115.8), Forage Crops (76.0), 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.