Exports, imports, and port volume down from Q1
Seattle, WA – October 18, 2023. The Washington Council on International Trade (WCIT) publishes a Washington state trade dashboard to provide a comprehensive view of the state’s international trade data – showing its impact on the economy and jobs and helping see trends develop. The trade data for 2023 Q2 is now available. Some notable highlights include:
- Exports Decrease: A sharp drop in agricultural exports (-42%) drove a 9% overall decrease in WA state exports for the quarter ($14.3 billion). A similar drop-off in agricultural export value was observed from Q1 to Q2 in 2022.
- Q2 Imports Dip: Goods imported to WA ($15.9 billion) were roughly 13% lower compared to Q1 2022 – the lowest quarterly import total since Q2 2021 – ending six consecutive quarters of greater than $17 billion of goods imports.
- Port Volume Falls: Ports in WA saw a 13% drop-off in trade volume in Q2 2023 compared to Q2 2022, mainly due to a sharp decrease in volume at the ports of Tacoma, Vancouver, and SeaTac International. However, total volumes only decreased by 5% relative to the prior quarter.
View the full dashboard and the dashboard for past quarters on our website.