Washington, D.C. Top Trading Partners
Total trade: $2.71 billion
January – March 2017
Top U.S. Trading Partners
Total U.S. trade: $922.69 billion
Washington, D.C.’s trade decreases 17.6 percent through March
Washington, D.C.’s trade with the world fell 17.6 percent, from $3.29 billion to $2.71 billion through the first three 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 5.15 percent while imports fell 31.51 percent. Washington, D.C.’s deficit was $86.02 million.
Through March the district’s top five trade partners were No. 1 United Kingdom, No. 2 Germany, No. 3 France, No. 4 India and No. 5 Italy compared to the same period last year when the top five were No. 1 United Kingdom, No. 2 Germany, No. 3 India, No. 4 France and No. 5 Belgium, respectively.
Taking a closer look at the leading trade partners with Washington, D.C.:
- Trade with No. 1 United Kingdom fell 53.57 percent to $414.92 million.
Exports fell 42.79 percent to $112.21 million. Imports fell 56.6 percent to $302.72 million.
- Trade with No. 2 Germany fell 23.94 percent to $294.88 million.
Exports fell 25.28 percent to $118.22 million. Imports fell 23.01 percent to $176.66 million.
- Trade with No. 3 France rose 27.34 percent to $280.8 million.
Exports rose 357.23 percent to $204.9 million. Imports fell 56.8 percent to $75.9 million.
- Trade with No. 4 India fell 32.15 percent to $202.21 million.
Exports rose 17.37 percent to $49.3 million. Imports fell 40.28 percent to $152.91 million.
- Trade with No. 5 Italy fell 1.43 percent to $143.85 million.
Exports rose 140.07 percent to $10.09 million. Imports fell 5.62 percent to $133.77 million.
Washington, D.C.’s top five trading partners through March accounted for 49.31 percent of its trade with the world. The U.S. average for the same time period was 54.46 percent.
Washington, D.C. had trade surpluses with 121 countries and deficits with 45 through March. That compares with 131 surpluses and 40 deficits for the same period one year earlier. The top three surpluses through March of this year were with France, $129.01 million; Japan, $80.86 million; and The Netherlands, $71.37 million. The top three deficits through March of this year were with United Kingdom, $190.51 million; Italy, $123.68 million; and India, $103.61 million.
Top Exports from Washington, D.C.
Total Exports: $1.31 billion
|1||Civilian aircraft, parts||$200,497,074|
|2||Medical equipment for physicals||$68,490,035|
|3||Aircraft engines, engine parts||$65,303,858|
|5||Medical instruments for surgeons, dentists, vets||$58,519,942|
|6||Misc. medical chemical re-agents||$49,073,529|
|7||Plasma, vaccines, blood||$47,382,339|
|8||Orthopedic appliances, artificial body parts||$38,509,864|
|10||Cell phones, related equipment||$32,994,147|
January – March 2017
Top Imports to Washington, D.C.
Total Imports: $1.4 billion
|2||Nucleic acids and salts, heterocyclic compounds||$150,549,992|
|3||Plasma, vaccines, blood||$61,239,270|
|4||Medical equipment for physicals||$48,593,853|
|5||Exports returned, without change||$43,079,078|
|6||Misc. medical chemical re-agents||$39,504,440|
|7||U.S. government imports||$38,820,313|
|8||Aircraft engines, engine parts||$38,807,161|
|10||Radar and remote control equipment||$23,047,138|
Meanwhile, total U.S. trade with the world increased to $922.69 billion, up 7.24 percent compared to the same period last year. The nation’s exports climbed 7.2 percent to $372.7 billion; imports climbed 7.27 percent to $549.99 billion. 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 $177.29 billion, up compared to the same period of last year when the deficit was $165.06 billion.
Washington, D.C.’s top five exports by value through March were Civilian aircraft, parts; Medical equipment for physicals; Aircraft engines, engine parts; Aircraft parts; and Medical instruments for surgeons, dentists, vets, in that order. They accounted for 34.68 percent of total exports from Washington, D.C..
Washington, D.C.’s top five imports by value through March were Medicine; Nucleic acids and salts, heterocyclic compounds; Plasma, vaccines, blood; Medical equipment for physicals; and Exports returned, without change. They accounted for 53.04 percent of all inbound shipments.
Looking more closely at Washington, D.C.’s exports:
- Civilian aircraft, parts rose 94.4 percent compared to last year to $200.5 million.
- Medical equipment for physicals rose 30.08 percent compared to last year to $68.49 million.
- Aircraft engines, engine parts rose 4.77 percent compared to last year to $65.3 million.
- Aircraft parts rose 3.68 percent compared to last year to $62.29 million.
- Medical instruments for surgeons, dentists, vets fell 1.14 percent compared to last year to $58.52 million.
On the import side:
- Medicine fell 28.41 percent compared to last year to $438.35 million.
- Nucleic acids and salts, heterocyclic compounds fell 18.75 percent compared to last year to $150.55 million.
- Plasma, vaccines, blood fell 52.13 percent compared to last year to $61.24 million.
- Medical equipment for physicals rose 30.63 percent compared to last year to $48.59 million.
- Exports returned, without change fell 20.17 percent compared to last year to $43.08 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, France and Belgium. Exports totaled $5 billion and imports came to $7.7 billion.