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Overview This page contains the latest international trade data for Washington. In April 2024 Washington was the number 8 in total exports and the number 15 in total imports in United States.

Exports In 2023, United States' Washington exported $61.1B, making it the 8th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Washington were Other Aircraft parts ($19.4B), Soya beans: other than seed, whether... ($5.86B), Cereals: wheat and meslin, other than... ($2.75B), Light petroleum distillates nes ($2.28B), and Maize except seed corn ($1.55B).

Imports In 2023, United States' Washington imported $74.4B, making it the 15th largest importer out of the 53 importers in United States. In 2023 top imports of Washington were Petroleum oils, oils from bituminous minerals,... ($6.99B), Natural gas in gaseous state ($6.03B), Medium Sized Cars ($5.55B), Commodities not specified according to kind ($2.31B), and Other toys (wheeled, model scale, puzzles) ($1.71B).

Economic Complexity In 2023, the highest complexity exports of Washington according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.04), Non-Mechanical Removal Machinery (1.9), Oscilloscopes (1.81), Fork-Lifts (1.63), Chemical Analysis Instruments (1.63), Hydrides and other anions (1.55), Metalworking Machine Parts (1.5), Tensile Testing Machines (1.44), Other Nickel Products (1.31), and Laboratory Reagents (1.31). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)China$11B
Top Product (2023)Other Aircraft parts $19.4B

In 2023 the top export destinations of Washington were China ($11B), Canada ($9.59B), Japan ($4.33B), Mexico ($3.53B), and South Korea ($3.07B).

In 2023 the top exports of Washington were Other Aircraft parts ($19.4B), Soya beans: other than seed, whether... ($5.86B), Cereals: wheat and meslin, other than... ($2.75B), Light petroleum distillates nes ($2.28B), and Maize except seed corn ($1.55B).

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Exports Dynamics

Fastest Growing Exports Destination (Apr 2023 - Apr 2024)
Mexico $194M (145%)
Chinese Taipei $161M (129%)
Qatar $147M (315%)
Rapidly Declining Export Origins (Apr 2023 - Apr 2024)
Canada -$211M (-24.8%)
Australia -$163M (-83.3%)
Bahrain -$158M (-99.4%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$21B

In 2023 the top import origins of Washington were Canada ($21B), China ($12.1B), Japan ($7.56B), South Korea ($6.76B), and Vietnam ($2.88B).

In 2023 the top imports of Washington were Petroleum oils, oils from bituminous minerals,... ($6.99B), Natural gas in gaseous state ($6.03B), Medium Sized Cars ($5.55B), Commodities not specified according to kind ($2.31B), and Other toys (wheeled, model scale, puzzles) ($1.71B).

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Imports Dynamics

Fastest Growing Import Origins (Apr 2023 - Apr 2024)
Argentina $80.3M (628%)
Australia $47.1M (227%)
Japan $43.6M (6.83%)
Rapidly Declining Import Origins (Apr 2023 - Apr 2024)
Canada -$274M (-15.8%)
Vietnam -$56.1M (-24.1%)
Bahamas -$39.1M (-99.9%)

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Economic Complexity

Economic Complexity of Washington

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Economic Complexity (2023)-0.19

Washington ranks 50th 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.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Washington already has a comparative advantage, are led by Cobalt (0.17), Precious Metal Ore (0.16), Gold (0.16), Non-fillet Fresh Fish (0.16), and Crude Petroleum (0.16).

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Most Complex Products by PCI

The highest complexity exports of Washington according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.04), Non-Mechanical Removal Machinery (1.9), Oscilloscopes (1.81), Fork-Lifts (1.63), Chemical Analysis Instruments (1.63), Hydrides and other anions (1.55), Metalworking Machine Parts (1.5), Tensile Testing Machines (1.44), Other Nickel Products (1.31), and Laboratory Reagents (1.31). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Oil Seed Flower (497.36), Aircraft Parts (100.84), Hops (91.48), Forage Crops (50.72), and Other Frozen Vegetables (36.64).

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Product Space

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.

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Relatedness Space

This network shows the products most related to the production structure of  Washington. These are products that tend to be co-exported with the products that Washington exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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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. Bubble size corresponds to exports value by year 2020.

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