Washington, D.C. Top Trading Partners
Total trade: $12.71 billion
January – December 2016
Top U.S. Trading Partners
Total U.S. trade: $3.64 trillion
Washington, D.C.’s trade increases 4.08 percent through December
Washington, D.C.’s trade with the world rose 4.08 percent, from $12.21 billion to $12.71 billion in 2016 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Washington, D.C.’s exports decreased 2.69 percent while imports rose 9.01 percent. Washington, D.C.’s deficit was $2.7 billion.
Through December the district’s top five trade partners were No. 1 United Kingdom, No. 2 Germany, No. 3 India, No. 4 Japan and No. 5 Italy compared to the same period last year when the top five were No. 1 Belgium, No. 2 United Kingdom, No. 3 Germany, No. 4 Japan and No. 5 India, respectively.
Taking a closer look at the leading trade partners with Washington, D.C.:
- Trade with No.1 United Kingdom rose 66.17 percent to $2.98 billion.
Exports fell 11.31 percent to $575.04 million. Imports rose 110.06 percent to $2.4 billion.
- Trade with No.2 Germany rose 7.6 percent to $1.7 billion.
Exports fell 10 percent to $624.04 million. Imports rose 21.37 percent to $1.08 billion.
- Trade with No.3 India rose 51.9 percent to $1.02 billion.
Exports rose 9.05 percent to $162.18 million. Imports rose 64.08 percent to $858.47 million.
- Trade with No.4 Japan rose 0.92 percent to $861.32 million.
Exports rose 12.09 percent to $430.65 million. Imports fell 8.23 percent to $430.67 million.
- Trade with No.5 Italy rose 120.49 percent to $641.2 million.
Exports fell 46.14 percent to $23.63 million. Imports rose 150.09 percent to $617.58 million.
Washington, D.C.’s top five trading partners through December accounted for 56.66 percent of its trade with the world. The U.S. average for the same time period was 55.09 percent.
Washington, D.C. had trade surpluses with 150 countries and deficits with 40 through December. That compares with 162 surpluses and 36 deficits for the same period one year earlier. The top three surpluses through December of this year were with The Netherlands, $204.04 million; Saudi Arabia, $203.6 million; and China, $162.06 million. The top three deficits through December of this year were with United Kingdom, $1.83 billion; India, $696.29 million; and Italy, $593.95 million.
Top Exports from Washington, D.C.
Total Exports: $5 billion
|1||Civilian aircraft and parts||$403,911,777|
|2||Military aircraft engines and engine parts||$327,817,838|
|3||Plasma, vaccines, blood||$282,458,962|
|4||Medical instruments for surgeons, dentists, vets||$242,422,147|
|5||Military aircraft parts||$223,539,633|
|6||Misc. medical chemical re-agents||$213,329,832|
|7||Medical equipment for physicals||$200,949,651|
|9||Landline, cellular phone equipment||$138,384,589|
|10||Orthopedic appliances, artificial body parts||$127,895,104|
January – December 2016
Top Imports to Washington, D.C.
Total Imports: $7.7 billion
|2||Heterocyclic chemical compounds||$797,268,552|
|3||Plasma, vaccines, blood||$644,028,556|
|4||Nucleic acids and salts, heterocyclic compounds||$527,543,739|
|5||Military aircraft engines and engine parts||$462,486,652|
|6||Imports of returned exports||$251,450,294|
|7||Medical equipment for physicals||$179,033,621|
|8||Misc. medical chemical re-agents||$157,207,074|
|9||Military aircraft parts||$90,282,894|
|10||Radar and remote control equipment||$89,306,844|
Meanwhile, total U.S. trade with the world increased to $3.64 trillion, down 2.76 percent compared to the same period last year. The nation’s exports dropped 3.38 percent to $1.45 trillion; imports dropped 2.34 percent to $2.19 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and Chicago. The overall trade deficit was $735.46 billion, down compared to the same period of last year when the deficit was $737.07 billion.
Washington, D.C.’s top five exports by value through December were Civilian aircraft and parts; Military aircraft engines and engine parts; Plasma, vaccines, blood; Medical instruments for surgeons, dentists, vets; and Military aircraft parts, in that order. They accounted for 29.58 percent of total exports from Washington, D.C..
Washington, D.C.’s top five imports by value through December were Medicine; Heterocyclic chemical compounds; Plasma, vaccines, blood; Nucleic acids and salts, heterocyclic compounds; and Military aircraft engines and engine parts. They accounted for 63.95 percent of all inbound shipments.
Looking more closely at Washington, D.C.’s exports:
- Civilian aircraft and parts fell 6.48 percent compared to last year to $403.91 million.
- Military aircraft engines and engine parts rose 48.71 percent compared to last year to $327.82 million.
- Plasma, vaccines, blood rose 4.08 percent compared to last year to $282.46 million.
- Medical instruments for surgeons, dentists, vets fell 4.06 percent compared to last year to $242.42 million.
- Military aircraft parts fell 12.94 percent compared to last year to $223.54 million.
On the import side:
- Medicine rose 173.32 percent compared to last year to $2.5 billion.
- Heterocyclic chemical compounds rose 539.94 percent compared to last year to $797.27 million.
- Plasma, vaccines, blood fell 46.29 percent compared to last year to $644.03 million.
- Nucleic acids and salts, heterocyclic compounds fell 67.64 percent compared to last year to $527.54 million.
- Military aircraft engines and engine parts fell 10.35 percent compared to last year to $462.49 million.
Last year the Washington, D.C. customs district posted total trade with the world of $12.21 billion. The district’s deficit was $1.93 billion. At the end of the year, the custom’s districts top five trading partners were Belgium, United Kingdom, Germany, Japan and India. Exports totaled $5.14 billion and imports came to $7.07 billion.