Washington, D.C. Top Trading Partners
Total trade: $12.68 billion
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Washington, D.C.’s trade decreases 0.21 percent through December
Washington, D.C.’s trade with the world fell 0.21 percent, from $12.71 billion to $12.68 billion in 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 17.5 percent while imports fell 11.71 percent. Washington, D.C.’s deficit was $922.49 million.
Through December the district’s top five trade partners were No. 1 United Kingdom, No. 2 France, No. 3 Germany, 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 28.89 percent to $2.12 billion.
Exports fell 22.06 percent to $448.16 million. Imports fell 30.53 percent to $1.67 billion.
- Trade with No. 2 France rose 122.49 percent to $1.36 billion.
Exports rose 350.87 percent to $982.52 million. Imports fell 4.25 percent to $375.99 million.
- Trade with No. 3 Germany fell 20.45 percent to $1.35 billion.
Exports fell 23.3 percent to $478.62 million. Imports fell 18.79 percent to $873.03 million.
- Trade with No. 4 Italy rose 24.76 percent to $799.95 million.
Exports rose 112.19 percent to $50.13 million. Imports rose 21.41 percent to $749.82 million.
- Trade with No. 5 Japan fell 7.71 percent to $794.91 million.
Exports rose 5.22 percent to $453.12 million. Imports fell 20.64 percent to $341.79 million.
Washington, D.C.’s top five trading partners through December accounted for 50.65 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.
Washington, D.C. had trade surpluses with 145 countries and deficits with 49 through December. That compares with 150 surpluses and 40 deficits for the same period one year earlier. The top three surpluses through December of this year were with France, $606.54 million; The Netherlands, $305.73 million; and China, $222.6 million. The top three deficits through December of this year were with United Kingdom, $1.22 billion; Italy, $699.68 million; and Germany, $394.41 million.
Top Exports from Washington, D.C.
Total Exports: $5.88 billion
|1||Civilian aircraft, parts||$1,008,754,288|
|2||Medical equipment for physicals||$275,711,007|
|3||Misc. medical chemical re-agents||$244,218,838|
|5||Orthopedic appliances, artificial body parts||$240,036,444|
|6||Plasma, vaccines, blood||$233,766,175|
|7||Medical instruments for surgeons, dentists, vets||$221,068,876|
|8||Aircraft engines, engine parts||$197,865,934|
January – December 2017
Top Imports to Washington, D.C.
Total Imports: $6.8 billion
|1||Medicines in individual dosages||$2,023,749,824|
|2||Plasma, vaccines, blood||$819,044,077|
|3||Nucleic acids and salts, heterocyclic compounds||$418,003,778|
|4||Aircraft engines, engine parts||$362,573,610|
|5||Heterocyclic chemical compounds||$294,159,157|
|6||Medical equipment for physicals||$226,634,331|
|7||Misc. medical chemical re-agents||$168,924,086|
|8||Exports returned, without change||$166,687,445|
|9||Insulin, hormones and steroids||$97,962,210|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 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 $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
Washington, D.C.’s top five exports by value through December were Civilian aircraft, parts; Medical equipment for physicals; Misc. medical chemical re-agents; Aircraft parts; and Orthopedic appliances, artificial body parts, in that order. They accounted for 34.17 percent of total exports from Washington, D.C..
Washington, D.C.’s top five imports by value through December 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 57.59 percent of all inbound shipments.
Looking more closely at Washington, D.C.’s exports:
- Civilian aircraft, parts rose 149.75 percent compared to last year to $1.01 billion.
- Medical equipment for physicals rose 37.2 percent compared to last year to $275.71 million.
- Misc. medical chemical re-agents rose 14.48 percent compared to last year to $244.22 million.
- Aircraft parts rose 7.55 percent compared to last year to $240.42 million.
- Orthopedic appliances, artificial body parts rose 87.68 percent compared to last year to $240.04 million.
On the import side:
- Medicines in individual dosages fell 18.92 percent compared to last year to $2.02 billion.
- Plasma, vaccines, blood rose 27.18 percent compared to last year to $819.04 million.
- Nucleic acids and salts, heterocyclic compounds fell 20.76 percent compared to last year to $418 million.
- Aircraft engines, engine parts fell 21.6 percent compared to last year to $362.57 million.
- Heterocyclic chemical compounds fell 63.1 percent compared to last year to $294.16 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.