International trade supports an estimated 846,000 jobs in Washington and generated $65 billion in goods exports in 2012, according to a new analysis.
Business Roundtable highlights these and other important facts about the benefits of trade to Washington’s economy in a new state-by-state analysis.
Drawing from new research and U.S. government data, the facts and figures highlighted in the Washington state analysis provide in-depth details on the many economic benefits of trade and U.S. trade agreements, including:
- Washington’s trade-related employment grew three and a half times faster than total employment from 2004 to 2011.
- The state’s goods exports have grown 50 percent faster than state GDP since 2002.
- Ninety-one percent of Washington exporters are small- and medium-sized companies with fewer than 500 employees.
- Since 2002, Washington’s goods exports to free trade agreement (FTA) partners have increased by 69 percent.
- In 2012, $18.8 billion of Washington’s goods exports, or 29 percent, went to FTA partners.
For more information, visit the Roundtable’s website.