Background

In Q4 2021, WCIT began publishing a quarterly dashboard of key trade statistics for Washington state. The dashboard tracks metrics that showcase our region's key role in international trade, including total exports and imports, port volumes, major trading partners for exports and imports, and employment data.

Readers can find quarterly updates on Washington's top export categories, such as transportation equipment and agricultural products, along with detailed breakdowns of trade volumes through top ports and by Congressional district. The dashboard also monitors trade volume with key partners and tracks how international trade supports local jobs, sustaining over 800,000 positions across the Northwest.

These metrics tell the story of our region's dependence on international trade and its crucial position in global commerce, offering policymakers, business leaders, and the public clear insights into the Northwest's trading economy. Each quarter, the dashboard is updated when all new data is available, approximately 3-4 months after the period ends.

In Q3 2023, we expanded the WCIT Trade Dashboard to include Oregon and Idaho, recognizing the region's interconnected role in trade. Once we have more historical data for Oregon and Idaho, our trend analysis will cover the full region. For now, the story below focuses on Washington state.

Trade Volume & Economic Impact

Washington state consistently handles around $45 billion in quarterly trade volume, though we've seen some fluctuation. While this slightly softens from peak levels, it demonstrates Washington's continued significance in global trade.

Shifting Export Patterns

Two key export categories tell an essential story about Washington's trade dynamics. Transportation equipment, primarily driven by our aerospace sector, has remained a crucial export despite significant quarterly variations. While following traditional seasonal patterns with fourth-quarter peaks, agricultural exports have shown some decline, reflecting changing global market conditions and increased competition.

Imports Surpassed Exports — Then Reversed

In 2019, Washington state's imports began to exceed exports, with the gap widening in 2020. Washington remained a net importer until Q4 2023, when exports exceeded imports by more than $1B — the first quarter since pre-pandemic (Q4 2019).

Trading Partners: Evolution & Stability

Our trade relationships highlight both change and consistency. Canada, China, and Japan continue to be top trading partners. At the same time, Taiwan, South Korea, Ireland, Vietnam, and Malaysia are all examples of countries where trade volume has fluctuated significantly between quarters. This diversification of trading partners demonstrates Washington's ability to adapt to changing global conditions while maintaining strong regional relationships.

Port Performance

Washington's ports continue to demonstrate their crucial role in Pacific trade. The ports of Blaine and Tacoma, in particular, have shown robust performance, with Tacoma's volumes generally increasing over the period. This success reflects our strategic location and our ports' operational efficiency in handling international cargo.

Looking Forward

As we move through 2025, Washington's trade sector shows signs of stabilization after the volatility of recent years. While overall trade volumes have moderated from their peaks, consistent employment numbers and stable port operations suggest a resilient trade infrastructure ready to capitalize on new opportunities.

The data reveals the Northwest's dynamic and adaptable trade economy, maintaining its crucial role in international commerce while adjusting to changing global conditions. This resilience positions our region well for future growth and continued leadership in international trade.