January – September 2017

Seattle Top Trading Partners

Total trade: $110.48 billion

RankCountryTotal YTD
1Canada $25,070,269,123
2China $21,727,523,746
3Japan $10,546,367,828
4South Korea $5,533,245,873
5Taiwan $3,413,709,800
6United Arab Emirates $3,202,530,864
7Vietnam $2,827,041,691
8Ireland $2,403,786,460
9Singapore $2,332,300,342
10Malaysia $2,201,807,316

January – September 2017

Top U.S. Trading Partners

Total U.S. trade: $2.86 trillion

RankCountryTotal YTD
1China $455,786,843,733
2Canada $432,727,649,430
3Mexico $412,066,985,086
4Japan $150,877,114,644
5Germany $125,845,329,742
6South Korea $89,461,813,723
7United Kingdom $80,388,247,073
8France $59,605,250,254
9India $55,537,773,261
10Taiwan $50,197,496,887

Seattle’s trade increases 1.87 percent through September

Seattle’s trade with the world rose 1.87 percent, from $108.46 billion to $110.48 billion through the first nine months of 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Seattle’s exports decreased 1.61 percent while imports rose 6.2 percent. Seattle’s surplus was $7.89 billion.

Through September the district’s top five trade partners were No. 1 Canada, No. 2 China, No. 3 Japan, No. 4 South Korea and No. 5 Taiwan compared to the same period last year when the top five were No. 1 Canada, No. 2 China, No. 3 Japan, No. 4 South Korea and No. 5 United Kingdom, respectively.

Taking a closer look at the leading trade partners with Seattle:

  • Trade with No. 1 Canada rose 3.86 percent to $25.07 billion.
    Exports rose 1.39 percent to $11.89 billion. Imports rose 6.2 percent to $13.18 billion.
  • Trade with No. 2 China rose 11.17 percent to $21.73 billion.
    Exports rose 6.66 percent to $7.79 billion. Imports rose 13.86 percent to $13.94 billion.
  • Trade with No. 3 Japan fell 9.59 percent to $10.55 billion.
    Exports fell 16.45 percent to $4.03 billion. Imports fell 4.74 percent to $6.51 billion.
  • Trade with No. 4 South Korea fell 3.21 percent to $5.53 billion.
    Exports fell 10.69 percent to $2.95 billion. Imports rose 7.04 percent to $2.58 billion.
  • Trade with No. 5 Taiwan fell 8.91 percent to $3.41 billion.
    Exports fell 15.25 percent to $2.03 billion. Imports rose 2.27 percent to $1.39 billion.

Seattle’s top five trading partners through September accounted for 60 percent of its trade with the world. The U.S. average for the same time period was 55.09 percent.

Seattle had trade surpluses with 132 countries and deficits with 82 through September. That compares with 137 surpluses and 74 deficits for the same period one year earlier. The top three surpluses through September of this year were with United Arab Emirates, $2.71 billion; Norway, $1.87 billion; and Saudi Arabia, $1.6 billion. The top three deficits through September of this year were with China, $6.15 billion; Japan, $2.48 billion; and Canada, $1.29 billion.

January – September 2017

Top Exports from Seattle

Total Exports: $59.19 billion

RankCommodityTotal YTD
1Civilian aircraft, parts $24,060,787,733
2Computer chips $3,868,235,339
3Gasoline, other fuels $1,322,719,162
4Motor vehicles for transporting people $1,083,469,394
5Soybeans $1,017,585,682
6Computers $730,600,260
7Potatoes, prepared, frozen $677,242,607
8Corn $667,169,830
9Medical instruments for surgeons, dentists, vets $651,670,424
10Commercial vehicles $646,458,073

January – September 2017

Top Imports to Seattle

Total Imports: $51.3 billion

RankCommodityTotal YTD
1Aircraft parts $3,300,100,224
2Oil $2,883,055,252
3Motor vehicles for transporting people $2,373,100,010
4Exports returned, without change $1,461,874,243
5Video game consoles $1,113,450,342
6Cell phones, related equipment $1,085,407,216
7Wood, sawed or chipped, greater than 6 meters thic $1,015,593,704
8Petroleum gases, other gaseous hydrocarbons $986,834,720
9Aircraft engines, engine parts $956,733,840
10TV cameras, digital cameras, camcorders $930,235,191

Meanwhile, total U.S. trade with the world increased to $2.86 trillion, up 6.19 percent compared to the same period last year. The nation’s exports climbed 5.97 percent to $1.14 trillion; imports climbed 6.33 percent to $1.72 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and Chicago. The overall trade deficit was $585.16 billion, up compared to the same period of last year when the deficit was $546.8 billion.

Seattle’s top five exports by value through September were Civilian aircraft, parts; Computer chips; Gasoline, other fuels; Motor vehicles for transporting people; and Soybeans, in that order. They accounted for 52.97 percent of total exports from Seattle.

Seattle’s top five imports by value through September were Aircraft parts; Oil; Motor vehicles for transporting people; Exports returned, without change; and Video game consoles. They accounted for 21.7 percent of all inbound shipments.

Looking more closely at Seattle’s exports:

  • Civilian aircraft, parts fell 14.24 percent compared to last year to $24.06 billion.
  • Computer chips rose 69.77 percent compared to last year to $3.87 billion.
  • Gasoline, other fuels fell 17.26 percent compared to last year to $1.32 billion.
  • Motor vehicles for transporting people rose 16.18 percent compared to last year to $1.08 billion.
  • Soybeans rose 8.43 percent compared to last year to $1.02 billion.

On the import side:

  • Aircraft parts fell 9.64 percent compared to last year to $3.3 billion.
  • Oil rose 28.43 percent compared to last year to $2.88 billion.
  • Motor vehicles for transporting people rose 4.18 percent compared to last year to $2.37 billion.
  • Exports returned, without change fell 12.23 percent compared to last year to $1.46 billion.
  • Video game consoles rose 390.4 percent compared to last year to $1.11 billion.

Last year the Seattle customs district posted total trade with the world of $147.41 billion. The district’s surplus was $18.08 billion. At the end of the year, the custom’s districts top five trading partners were Canada, China, Japan, South Korea and United Kingdom. Exports totaled $82.74 billion and imports came to $64.67 billion.