$77 billion - International Trade Administration

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World Markets. • Exports from Washington helped contribute to the $2.33 trillion of. U.S. goods and services exports i
Washington Exports, Jobs, & Foreign Investment Washington Depends on World Markets • Exports from Washington helped contribute to the $2.33 trillion of U.S. goods and services exports in 2017.

$77 billion Washington’s Top 5 Export Markets

(Millions of U.S. Dollars)

18,284 Transportation Equipment

China

• Nationally, U.S. jobs supported by exports reached an estimated 10.7 million in 2016, up 1.2 million from 2006.

Washington’s Top 5 Export Categories

(Millions of U.S. Dollars)

7,974

Exports Support Jobs

Washington goods exports in 2017

Canada

43,934

Agricultural Products

5,403

Japan

4,105

3,297

United Arab Emirates

Korea

Jobs Supported by Washington Goods Exports Up by 62 Thousand Jobs Over Past Ten Years

10,467

Computer & Electronic Products

4,242

Processed Foods

3,160

Machinery

2,085

332,599

U.S. jobs supported by goods exports from Washington in 2016

332,599 270,555

91% of these jobs were

supported by manufactured goods exports 2006

Exports Sustain Thousands of Washington Businesses • A total of 12,211 companies exported from Washington locations in 2015.

10,901

2016

Number of small and medium-sized (SME) goods exporters in Washington in 2015

SMEs account for 89% of Washington goods exporters

...and 19% of known Washington goods export value Exports from SMEs

SME Exporters

Updated February 2018

Department of Commerce

|

International Trade Administration

Washington Exports, Jobs, & Foreign Investment Foreign Investment & Jobs in Washington • In 2015, foreign-owned companies employed 112,700 Washington workers

Washington Employment in Foreign-Owned Companies United Kingdom

18,900

Canada

17,500

Japan

14,900

Germany

14,800

France

9,100

Free Trade Agreements • The U.S. currently has 14 free trade agreements in force with 20 countries. • Washington’s exports to U.S. FTA partners totaled $18.5 billion in 2017.

4.2%

Number of Employees by Country of UBO

Share of Washington private-industry employment at foreignowned firms

Since 2007, exports from Washington to FTA markets have grown by 24%

In 2017, exports to FTA markets accounted for 24% of Washington exports

Top Dollar Growth, 2007-17 (Millions of U.S. Dollars)

NAFTA

Current FTA Partners

1,299

Australia

660

Korea Colombia Chile

Washington’s Metropolitan Exports • Seattle-Tacoma-Bellevue is the 3rd largest metro area reporting exports nationwide.

Metro Area

2016 Goods Export Value

Seattle-Tacoma-Bellevue Portland-Vancouver-Hillsboro Longview Bellingham Yakima Spokane-Spokane Valley Mount Vernon-Anacortes Kennewick-Richland Wenatchee

$61.9 billion $20.3 billion $3.7 billion $1.8 billion $1.1 billion $836 million $696 million $671 million $510 million

550 311 275

Share of State Exports 80.60% * 4.80% 2.40% 1.50% 1.10% 0.90% 0.90% 0.70%

*Share of state exports unavailable for MSAs that cross state lines Prepared by the Office of Trade and Economic Analysis, International Trade Administration, U.S. Department of Commerce. For more resources please see www.trade.gov/mas/ian. Sources include resources from the U.S. Department of Commerce’s International Trade Administration, Bureau of the Census, and Bureau of Economic Analysis.

Updated February 2018

Department of Commerce

|

International Trade Administration