January – November 2017

Seattle Top Trading Partners

Total trade: $136.55 billion

RankCountryTotal YTD
1Canada $31,563,578,676
2China $27,776,997,683
3Japan $12,968,400,381
4South Korea $6,748,215,080
5Taiwan $4,193,450,301
6United Arab Emirates $3,878,740,914
7Vietnam $3,497,681,276
8Ireland $2,914,943,818
9Singapore $2,742,000,143
10United Kingdom $2,677,807,473

January – November 2017

Top U.S. Trading Partners

Total U.S. trade: $3.55 trillion

RankCountryTotal YTD
1China $577,819,211,955
2Canada $533,744,475,445
3Mexico $512,224,202,021
4Japan $185,845,428,076
5Germany $155,641,876,014
6South Korea $109,202,670,537
7United Kingdom $99,963,130,866
8France $75,355,527,384
9India $68,331,013,084
10Taiwan $62,386,688,873

Seattle’s trade increases 1.6 percent through November

Seattle’s trade with the world rose 1.6 percent, from $134.39 billion to $136.55 billion through the first 11 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 2.66 percent while imports rose 6.96 percent. Seattle’s surplus was $9.15 billion.

Through November 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 Taiwan, respectively.

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

  • Trade with No. 1 Canada rose 6.86 percent to $31.56 billion.
    Exports rose 6.87 percent to $15.27 billion. Imports rose 6.86 percent to $16.29 billion.
  • Trade with No. 2 China rose 8.94 percent to $27.78 billion.
    Exports rose 0.23 percent to $9.94 billion. Imports rose 14.48 percent to $17.84 billion.
  • Trade with No. 3 Japan fell 9.58 percent to $12.97 billion.
    Exports fell 20.4 percent to $4.88 billion. Imports fell 1.49 percent to $8.09 billion.
  • Trade with No. 4 South Korea fell 1.9 percent to $6.75 billion.
    Exports fell 10.56 percent to $3.59 billion. Imports rose 10.23 percent to $3.16 billion.
  • Trade with No. 5 Taiwan fell 7.01 percent to $4.19 billion.
    Exports fell 13.29 percent to $2.46 billion. Imports rose 3.71 percent to $1.73 billion.

Seattle’s top five trading partners through November accounted for 60.97 percent of its trade with the world. The U.S. average for the same time period was 55.31 percent.

Seattle had trade surpluses with 132 countries and deficits with 85 through November. That compares with 141 surpluses and 72 deficits for the same period one year earlier. The top three surpluses through November of this year were with United Arab Emirates, $3.24 billion; Norway, $2.08 billion; and Saudi Arabia, $1.69 billion. The top three deficits through November of this year were with China, $7.9 billion; Japan, $3.21 billion; and Canada, $1.02 billion.

January – November 2017

Top Exports from Seattle

Total Exports: $72.85 billion

RankCommodityTotal YTD
1Civilian aircraft, parts $28,797,356,515
2Computer chips $4,749,385,814
3Soybeans $1,811,618,991
4Gasoline, other fuels $1,635,396,552
5Motor vehicles for transporting people $1,380,273,532
6Computers $955,922,487
7Medical instruments for surgeons, dentists, vets $834,957,477
8Potatoes, prepared, frozen $831,233,312
9Commercial vehicles $829,718,128
10Frozen fish $799,072,178

January – November 2017

Top Imports to Seattle

Total Imports: $63.7 billion

RankCommodityTotal YTD
1Aircraft parts $4,029,668,795
2Oil $3,475,333,245
3Motor vehicles for transporting people $2,917,680,849
4Exports returned, without change $1,834,708,957
5Video game consoles $1,722,077,552
6Cell phones, related equipment $1,320,796,366
7Wood, sawed or chipped, greater than 6 meters thic $1,277,505,566
8Petroleum gases, other gaseous hydrocarbons $1,243,082,800
9TV cameras, digital cameras, camcorders $1,139,075,121
10Aircraft engines, engine parts $1,066,967,713

Meanwhile, total U.S. trade with the world increased to $3.55 trillion, up 6.62 percent compared to the same period last year. The nation’s exports climbed 6.27 percent to $1.41 trillion; imports climbed 6.86 percent to $2.14 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 $732.36 billion, up compared to the same period of last year when the deficit was $678.15 billion.

Seattle’s top five exports by value through November were Civilian aircraft, parts; Computer chips; Soybeans; Gasoline, other fuels; and Motor vehicles for transporting people, in that order. They accounted for 52.68 percent of total exports from Seattle.

Seattle’s top five imports by value through November were Aircraft parts; Oil; Motor vehicles for transporting people; Exports returned, without change; and Video game consoles. They accounted for 21.95 percent of all inbound shipments.

Looking more closely at Seattle’s exports:

  • Civilian aircraft, parts fell 15.92 percent compared to last year to $28.8 billion.
  • Computer chips rose 58.44 percent compared to last year to $4.75 billion.
  • Soybeans rose 0.72 percent compared to last year to $1.81 billion.
  • Gasoline, other fuels fell 15.07 percent compared to last year to $1.64 billion.
  • Motor vehicles for transporting people rose 6.94 percent compared to last year to $1.38 billion.

On the import side:

  • Aircraft parts fell 8.41 percent compared to last year to $4.03 billion.
  • Oil rose 22.13 percent compared to last year to $3.48 billion.
  • Motor vehicles for transporting people rose 9.85 percent compared to last year to $2.92 billion.
  • Exports returned, without change fell 8.52 percent compared to last year to $1.83 billion.
  • Video game consoles rose 392.06 percent compared to last year to $1.72 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 Taiwan. Exports totaled $82.74 billion and imports came to $64.67 billion.