Trade Statistics
Comings and Goings |
| Leading "Pass-Through" Exports: (2004 figures in millions of U.S. dollars) |
- Aircraft
- High-tech
- Forrest products
- Corn
- Soybeans
- Electronic Circuits
- Wheat
- Aircraft parts
- Auto data processing machines
- Oil, not crude
- Other
Total
|
- $17,527.2
- $3,550.0
- $2,316,0
- $1,320.4
- $1,306.5
- $1,061.6
- $944.0
- $854.5
- $712.8
- $683.6
- $15,774.71
$46,051.3
|
| Leading "Pass-Through" Imports: (2004 figures in millions of U.S. dollars)
|
- High-tech
- Forest products
- Motor vehicle parts
- Motor vehicles
- Crude Oil
- Arcade/Table games
- Petroleum Gases
- Footwear
- Spark-Ignition Recip or Rotary Pistons
- Aircraft parts
- Other
Total
|
- $6,317.6
- $5,186.9
- $3,167.8
- $3,062.3
- $2,353.6
- $1,474.3
- $1,467.4
- $1,408.6
- $1,259.7
- $1,108.5
- $38,328.3
$65,135.0
|
Here are some other important trade facts:
- Washington State enjoys a two-level trade economy of $111 billion. Washington-originated exports of $34 billion represent 39% of the state's overall trade. In 2004, there was a 36% increase from 2003, primarily due to increased orders for aircrafts.
- Nearly 740,000 wage and salary workers and proprietors depend on exports, and 161,000 workers depend on imports. Approximately one in four jobs in Washington is tied to foreign exports, and the pay for these jobs is about 46% more than the overall state average.
- Export-related jobs in Washington State represented 31% of the total increase in jobs from 1963 until 1995. Export-related jobs expanded twice as fast as non-trade employment.
- Foreign exports directly and indirectly account for 25% of the Washington Gross State Product, according to the most recent statistics available.
- While Washington represents about 2% of the nation's population, its ports handle 8% of all U.S. exports and receives a 6% share of the nation's imports.
- Imports are an important component of the state's economy. Imports enable producers to export, and distributors and retailers to sell products. On average, 79 cents of every dollar spent by Americans on foreign goods (imports) returns to the U.S. when foreign countries purchase U.S. goods (exports).
- Washington is the fourth largest exporting state in the U.S., after New York, California and Texas. Together, the Port of Seattle and the Port of Tacoma are the third largest container load center in the U.S., second only to Los Angeles/Long Beach and New York/New Jersey.