Copyright: European Union Public License, version 1.2 (EUPL-1.2).
Table of Contents.
- Benefits of Washington State.
- What to Import to Washington State.
- What to Export to Washington State.
- To Manufacturers.
- Export Agriculture.
- Ubinodes Target.
- Free Trade Agreement.
- Contact Us.
Washington State’s economy is the 10 largest in the the United States. With a GDP of 613 billion dollars per year and a population of 7.615 million (Source 3 and 4). Washington State is set up to be a prime place for exportation and Importation. Exporting to Washington is perfect because more than one in five Washington jobs depends upon international trade, meaning that Washington State’s economy is big on Importing and Exporting and has the backbone to support other manufacturers that want to join their economy. This means that exporting to Washington state is perfect because it supports manufacturing jobs and keeps the economy competitive and growing.
2. Benefits of Washington State.
Washington State is one of the biggest trade destinations in the United States. One in five of Washington State Jobs are directly correlated with trade, imports, and exports. About 90 percent of Washington Exporters are small to medium sized companies with less than 500 workers making it easier for small international companies to do business in Washington (Source1 and 7). Washington has exported 69.9 billion in goods and 28.8 billion in services (2018) (Source 1 and 7). Nearly 20 percent of Washington State’s economy is tied to international exports. Imports lower prices and increases choices for Washington companies and families (Source 7).
3. Examples of top Imports to Washington State.
- Mid-sized automobiles (piston engine): $4.2 billion (8.5% of Washington’s total imports).
- Crude petroleum oils: $3.5 billion (7.2%).
- Natural gas (gaseous state): $2.1 billion (4.3%).
- Video game consoles, machinery: $2 billion (4%).
- Wheeled toys (tricycles, scooters, pedal cars, doll carriages): $1.5 billion (3%).
- Solid-state semiconductor storage devices: $1,241 million (2.5%).
- Modems, similar reception/transmission devices: $761 million (1.6%).
- Boiled or steamed crabs: $645 million (1.3%).
- Miscellaneous sawn or chipped coniferous wood: $564 million (1.2%).
- Miscellaneous textile articles: $561 million (1.1%).
4. Examples of top Exports to Washington State.
- Aircraft including engines, parts: US$8 billion (19.4% of Washington’s total exports).
- Soya beans: $5.4 billion (13%).
- Wheat (excluding durum): $2.6 billion (6.4%).
- Corn: $1.7 billion (4.1%).
- Miscellaneous petroleum oils: $0.9 billion (2.2%).
- Soya bean flours, meals: $885 million (2.1%).
- Ultrasonic scanning equipment: $866 million (2.1%).
- Frozen potatoes: $784 million (1.9%).
- Fresh apples: $637 million (1.5%).
- Rutabagas, similar forage products: $488 million (1.2%).
5. To Manufacturers.
Manufacturers who wish to import from or export to Washington State can rely on Ubinodes expertise to find the ideal partner for their trading. “Exporting increases jobs by generating new business for Washington’s manufacturers, service providers, and farmers. Imports support jobs and keep costs low, helping Washington businesses compete and saving Washington families real dollars at the cash register” (Source 10). 63,700 jobs are tied to Manufacturing I.e. 2014. Lower cost inputs keep U.S. manufacturing competitive in international markets. Foreign-owned companies employ 101,500 Washington workers across many Industries the top one being manufacturing which employs 32,300 (2016). Importing and Exporting to and from Washington State will help benefit both parties that get involved in Washington’s economy. Washington State also has many incentive programs that tax exemptions those Importing and Exporting from Washington State.
6. Export Agriculture.
7. Ubinodes Target.
80% of exports are done by 3% of the companies. Our target is the 97% of manufacturers not exporting or doing very little of the exporting process. We recognize and address the wide range of barriers to exporting that smaller companies/manufacturers face such as not having a high proficiency in English, lacking international marketing skills, being uninterested in marketing and needing to focus on design and production, being unable to finance international staff or market research, not having overseas contacts, networks, or leads, and much more. This helps Ubinodes because we cannot compete with the larger manufacturers and need to find companies that are smaller in size to capitalize and help them export. By helping small to medium business do this we allow them to compete against higher net worth companies for a chance to get a share of a huge market that is constantly dominated by corporations. Many consumers want variety in brands and believe that it is more beneficial to to put their money in a small business than in a giant monopoly of a business like Amazon, Apple, Facebook, and Google. Despite the obvious benefits of trading internationally, less than one percent of America’s 30 million companies export. That’s probably because they have a few concerns. Data reveals 39 percent say their goods are not exportable and 37 percent don’t know how to start. 63 percent, would like to export their goods and services.
8. Free Trade Agreement.
A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange. Support for free trade in recent years by Washington’s congressional delegation has been strong and bipartisan. Support for the North American Free Trade Agreement (NAFTA) was virtually unanimous, with eight of nine votes cast in favor of the agreement. The most recent votes cast by Washington’s congressional delegation were unanimously in support for free trade, signaling that Members recognize the Important role that international trade plays in the state’s economy. Washington ranked fourth for exports and Imports are vital to Washington state (Source 11).
9. Contact Us.
To successfully access the Washington State market, you will need in-depth knowledge of Washington’s trade, economy, and opportunities for entry. We make all this knowledge available for you and more, offering services such as freight forwarding, customs clearance, regulations, packaging, storage, designing websites, brochures, developing marketing campaigns, advertising, finding points of sales, and whatever is required to make your project successful.
We will do a detailed and in-depth analysis of the industry and how well your products will perform in that market. If you are interested in exporting to or importing from Washington State, contact us.
- Nearly 20 Percent of Washington’s Economy is Tied to International Exports. https://seattlebusinessmag.com/economy/nearly-20-percent-washington%E2%80%99s-economy-tied-international-exports#:~:text=%E2%80%9CExport%20growth%20increases%20jobs%20by,dollars%20at%20the%20cash%20register
- U.S. Poverty Rate by Demographics and State. https://www.thebalance.com/us-poverty-rate-by-state-4585001
- Washington Data. https://datausa.io/profile/geo/washington/#economy
- WA State Demographics. https://www.cha.wa.gov/demographics-washington-state#:~:text=The%20population%20of%20Washington%20is,and%2092.6%25%20are%20U.S.%20citizens
- State Imports for Washington. https://www.census.gov/foreign-trade/statistics/state/data/imports/wa.html
- Washington GDP. https://www.deptofnumbers.com/gdp/washington/#:~:text=Washington%20GDP%20was%20%24612%2C996%2C000%2C000%20in,2019%20according%20to%20BEA%20data
- How Washington’s Economy Benefits from Trade and Investment. https://s3.amazonaws.com/brt.org/BRT_General_Trade_WA_2020.pdf
- Washington State’s Top 10 Exports. https://www.worldstopexports.com/washington-states-top-10-exports/
- EXPORT STATISTICS. https://agr.wa.gov/departments/business-and-marketing-support/international/statistics
- Trade and Prosperity in the States: The Case of Washington. https://www.heritage.org/trade/report/trade-and-prosperity-the-states-the-case-washington
- Reducing the cost of doing business. https://www.commerce.wa.gov/growing-the-economy/export-assistance/find-export-grants-loans/