Washington, D.C. Top Trading Partners
Total trade: $9.1 billion
January – September 2017
Top U.S. Trading Partners
Total U.S. trade: $2.86 trillion
Washington, D.C.’s trade decreases 7 percent through September
Washington, D.C.’s trade with the world fell 7 percent, from $9.79 billion to $9.1 billion through the first nine 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 12.99 percent while imports fell 19.18 percent. Washington, D.C.’s deficit was $729.85 million.
Through September the district’s top five trade partners were No. 1 United Kingdom, No. 2 Germany, No. 3 France, No. 4 Italy and No. 5 Japan 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 Italy, respectively.
Taking a closer look at the leading trade partners with Washington, D.C.:
- Trade with No. 1 United Kingdom fell 36.38 percent to $1.54 billion.
Exports fell 28.95 percent to $338.15 million. Imports fell 38.2 percent to $1.2 billion.
- Trade with No. 2 Germany fell 24.7 percent to $1.05 billion.
Exports fell 23.94 percent to $357.88 million. Imports fell 25.09 percent to $694.15 million.
- Trade with No. 3 France rose 89.85 percent to $892.92 million.
Exports rose 363.46 percent to $684.47 million. Imports fell 35.39 percent to $208.46 million.
- Trade with No. 4 Italy rose 13.73 percent to $575.61 million.
Exports rose 175.24 percent to $33.13 million. Imports rose 9.79 percent to $542.48 million.
- Trade with No. 5 Japan fell 2.1 percent to $555.82 million.
Exports rose 12.63 percent to $337.09 million. Imports fell 18.52 percent to $218.72 million.
Washington, D.C.’s top five trading partners through September accounted for 50.72 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 140 countries and deficits with 51 through September. That compares with 148 surpluses and 37 deficits for the same period one year earlier. The top three surpluses through September of this year were with France, $476.01 million; The Netherlands, $221.18 million; and China, $171.16 million. The top three deficits through September of this year were with United Kingdom, $862.86 million; Italy, $509.36 million; and Germany, $336.28 million.
Top Exports from Washington, D.C.
Total Exports: $4.19 billion
|1||Civilian aircraft, parts||$698,987,110|
|2||Medical equipment for physicals||$195,948,186|
|4||Misc. medical chemical re-agents||$172,337,892|
|5||Plasma, vaccines, blood||$170,069,310|
|6||Medical instruments for surgeons, dentists, vets||$164,417,792|
|7||Orthopedic appliances, artificial body parts||$162,414,058|
|8||Aircraft engines, engine parts||$155,630,742|
|10||Medicines in individual dosages||$96,197,395|
January – September 2017
Top Imports to Washington, D.C.
Total Imports: $4.91 billion
|1||Medicines in individual dosages||$1,388,665,262|
|2||Plasma, vaccines, blood||$627,147,366|
|3||Nucleic acids and salts, heterocyclic compounds||$357,533,796|
|4||Aircraft engines, engine parts||$243,864,036|
|5||Heterocyclic chemical compounds||$196,015,668|
|6||Medical equipment for physicals||$163,926,468|
|7||Misc. medical chemical re-agents||$129,627,098|
|8||Exports returned, without change||$124,065,303|
|10||Insulin, hormones and steroids||$75,084,272|
Meanwhile, total U.S. trade with the world increased to $2.86 trillion, up 6.19 percent compared to the same period last year. The nation’s exports climbed 5.97 percent to $1.14 trillion; imports climbed 6.33 percent to $1.72 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 $585.16 billion, up compared to the same period of last year when the deficit was $546.8 billion.
Washington, D.C.’s top five exports by value through September were Civilian aircraft, parts; Medical equipment for physicals; Aircraft parts; Misc. medical chemical re-agents; and Plasma, vaccines, blood, in that order. They accounted for 33.79 percent of total exports from Washington, D.C..
Washington, D.C.’s top five imports by value through September were Medicines in individual dosages; Plasma, vaccines, blood; Nucleic acids and salts, heterocyclic compounds; Aircraft engines, engine parts; and Heterocyclic chemical compounds. They accounted for 57.24 percent of all inbound shipments.
Looking more closely at Washington, D.C.’s exports:
- Civilian aircraft, parts rose 123.56 percent compared to last year to $698.99 million.
- Medical equipment for physicals rose 47.05 percent compared to last year to $195.95 million.
- Aircraft parts rose 9.29 percent compared to last year to $176.95 million.
- Misc. medical chemical re-agents rose 9.02 percent compared to last year to $172.34 million.
- Plasma, vaccines, blood fell 30.57 percent compared to last year to $170.07 million.
On the import side:
- Medicines in individual dosages fell 32.84 percent compared to last year to $1.39 billion.
- Plasma, vaccines, blood rose 3.09 percent compared to last year to $627.15 million.
- Nucleic acids and salts, heterocyclic compounds fell 15.99 percent compared to last year to $357.53 million.
- Aircraft engines, engine parts fell 16.6 percent compared to last year to $243.86 million.
- Heterocyclic chemical compounds fell 69.59 percent compared to last year to $196.02 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 Italy. Exports totaled $5 billion and imports came to $7.7 billion.