WCIT provides its Northwest Trade Dashboard to provide a comprehensive view of the region’s international trade data – showing its impact on the economy and jobs and helping see trends develop. The dashboard covers quarterly data on:
This provides insights into opportunities for growth and the impact of international trade on the state’s economy.
The WCIT Northwest Trade Dashboard is a valuable resource for businesses, policymakers, and stakeholders who are interested in tracking the state’s international trade activities. Additionally, businesses and job seekers interested in the region’s trade jobs can use this data to identify thriving industries and potential areas for job growth.
The dashboard also provides information on the top countries for imports and exports to and from the Northwest. This information can help businesses to identify new markets for their products and services as well as understand the competitive landscape and help policymakers as they weigh policy proposals.
Here are some highlights from the Northwest trade data for Q3 2023.
A couple of explanatory notes on the data. The Export Volume is comprised of any goods originating in, or primarily originating in that state. Port Volume is goods entering the port and leaving the port for an international port. Goods shipped to another domestic port are not credited to the origination port but to the last domestic port before a global destination.
Given that fact, digging into these numbers demonstrates how the Northwest works together to get goods to markets. For instance, in Q3 2023, Washington state ports handled roughly $13B worth of goods that were neither produced nor consumed in Washington state – much of which originated in Idaho, Oregon, and other states adjacent to the Northwest.