Washington, D.C. Top Trading Partners
Total trade: $6.74 billion
January – July 2017
Top U.S. Trading Partners
Total U.S. trade: $2.21 trillion
Washington, D.C.’s trade decreases 9.69 percent through July
Washington, D.C.’s trade with the world fell 9.69 percent, from $7.46 billion to $6.74 billion through the first seven months of 2017 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 increased 12.98 percent while imports fell 23.8 percent. Washington, D.C.’s deficit was $268.37 million.
Through July the district’s top five trade partners were No. 1 United Kingdom, No. 2 Germany, No. 3 France, No. 4 Japan and No. 5 India compared to the same period last year when the top five were No. 1 United Kingdom, No. 2 Germany, No. 3 India, No. 4 Japan and No. 5 France, respectively.
Taking a closer look at the leading trade partners with Washington, D.C.:
- Trade with No. 1 United Kingdom fell 44.38 percent to $1.11 billion.
Exports fell 35.27 percent to $268.54 million. Imports fell 46.77 percent to $842.87 million.
- Trade with No. 2 Germany fell 24.52 percent to $751.49 million.
Exports fell 23.85 percent to $278.03 million. Imports fell 24.91 percent to $473.47 million.
- Trade with No. 3 France rose 62.34 percent to $650.52 million.
Exports rose 346.44 percent to $505.73 million. Imports fell 49.63 percent to $144.78 million.
- Trade with No. 4 Japan rose 1.24 percent to $412.77 million.
Exports rose 19.46 percent to $267.34 million. Imports fell 20.93 percent to $145.43 million.
- Trade with No. 5 India fell 40.88 percent to $387.49 million.
Exports fell 5.64 percent to $91.89 million. Imports fell 47.02 percent to $295.6 million.
Washington, D.C.’s top five trading partners through July accounted for 49.17 percent of its trade with the world. The U.S. average for the same time period was 54.78 percent.
Washington, D.C. had trade surpluses with 140 countries and deficits with 47 through July. That compares with 144 surpluses and 39 deficits for the same period one year earlier. The top three surpluses through July of this year were with France, $360.95 million; The Netherlands, $174.86 million; and China, $134.22 million. The top three deficits through July of this year were with United Kingdom, $574.33 million; Italy, $301.8 million; and India, $203.71 million.
Top Exports from Washington, D.C.
Total Exports: $3.24 billion
|1||Civilian aircraft, parts||$515,229,377|
|2||Medical equipment for physicals||$151,080,176|
|4||Aircraft engines, engine parts||$132,918,129|
|5||Medical instruments for surgeons, dentists, vets||$128,793,183|
|6||Misc. medical chemical re-agents||$126,663,393|
|7||Plasma, vaccines, blood||$125,621,560|
|8||Orthopedic appliances, artificial body parts||$119,384,254|
|10||Medicines in individual dosages||$72,330,678|
January – July 2017
Top Imports to Washington, D.C.
Total Imports: $3.5 billion
|1||Medicines in individual dosages||$950,875,008|
|2||Plasma, vaccines, blood||$328,214,742|
|3||Nucleic acids and salts, heterocyclic compounds||$303,704,042|
|4||Aircraft engines, engine parts||$160,078,677|
|5||Medical equipment for physicals||$124,904,678|
|6||Heterocyclic chemical compounds||$120,512,781|
|7||Exports returned, without change||$106,977,652|
|8||Misc. medical chemical re-agents||$94,452,544|
|10||Insulin, hormones and steroids||$60,577,289|
Meanwhile, total U.S. trade with the world increased to $2.21 trillion, up 6.67 percent compared to the same period last year. The nation’s exports climbed 6.31 percent to $879.69 billion; imports climbed 6.91 percent to $1.33 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and New Orleans. The overall trade deficit was $447.79 billion, up compared to the same period of last year when the deficit was $414.15 billion.
Washington, D.C.’s top five exports by value through July were Civilian aircraft, parts; Medical equipment for physicals; Aircraft parts; Aircraft engines, engine parts; and Medical instruments for surgeons, dentists, vets, in that order. They accounted for 33.19 percent of total exports from Washington, D.C..
Washington, D.C.’s top five imports by value through July were Medicines in individual dosages; Plasma, vaccines, blood; Nucleic acids and salts, heterocyclic compounds; Aircraft engines, engine parts; and Medical equipment for physicals. They accounted for 53.3 percent of all inbound shipments.
Looking more closely at Washington, D.C.’s exports:
- Civilian aircraft, parts rose 181.02 percent compared to last year to $515.23 million.
- Medical equipment for physicals rose 37.87 percent compared to last year to $151.08 million.
- Aircraft parts rose 17.44 percent compared to last year to $145.81 million.
- Aircraft engines, engine parts fell 12.84 percent compared to last year to $132.92 million.
- Medical instruments for surgeons, dentists, vets fell 15.39 percent compared to last year to $128.79 million.
On the import side:
- Medicines in individual dosages fell 38.41 percent compared to last year to $950.88 million.
- Plasma, vaccines, blood rose 12.07 percent compared to last year to $328.21 million.
- Nucleic acids and salts, heterocyclic compounds fell 16.13 percent compared to last year to $303.7 million.
- Aircraft engines, engine parts fell 15.15 percent compared to last year to $160.08 million.
- Medical equipment for physicals rose 41.98 percent compared to last year to $124.9 million.
Last year the Washington, D.C. customs district posted total trade with the world of $12.71 billion. The district’s deficit was $2.7 billion. At the end of the year, the custom’s districts top five trading partners were United Kingdom, Germany, India, Japan and France. Exports totaled $5 billion and imports came to $7.7 billion.