Seattle Top Trading Partners
Total trade: $149.71 billion
|6||United Arab Emirates||$4,306,195,211|
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Seattle’s trade increases 1.56 percent through December
Seattle’s trade with the world rose 1.56 percent, from $147.41 billion to $149.71 billion in 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 3.02 percent while imports rose 7.41 percent. Seattle’s surplus was $10.78 billion.
Through December 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 6.79 percent to $34.42 billion.
Exports rose 6.3 percent to $16.64 billion. Imports rose 7.25 percent to $17.78 billion.
- Trade with No. 2 China rose 9.3 percent to $30.42 billion.
Exports rose 0.69 percent to $11.04 billion. Imports rose 14.89 percent to $19.38 billion.
- Trade with No. 3 Japan fell 10.3 percent to $14.04 billion.
Exports fell 20.72 percent to $5.25 billion. Imports fell 2.66 percent to $8.79 billion.
- Trade with No. 4 South Korea fell 2.85 percent to $7.43 billion.
Exports fell 11.68 percent to $4 billion. Imports rose 9.99 percent to $3.43 billion.
- Trade with No. 5 Taiwan fell 6.32 percent to $4.49 billion.
Exports fell 11.88 percent to $2.62 billion. Imports rose 2.8 percent to $1.87 billion.
Seattle’s top five trading partners through December accounted for 60.65 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.
Seattle had trade surpluses with 132 countries and deficits with 86 through December. That compares with 142 surpluses and 71 deficits for the same period one year earlier. The top three surpluses through December of this year were with United Arab Emirates, $3.6 billion; Norway, $2.08 billion; and Saudi Arabia, $1.71 billion. The top three deficits through December of this year were with China, $8.33 billion; Japan, $3.54 billion; and Canada, $1.14 billion.
Top Exports from Seattle
Total Exports: $80.24 billion
|1||Civilian aircraft, parts||$32,036,877,224|
|4||Gasoline, other fuels||$1,834,504,313|
|5||Motor vehicles for transporting people||$1,541,163,611|
|7||Medical instruments for surgeons, dentists, vets||$922,480,869|
|9||Potatoes, prepared, frozen||$904,991,425|
January – December 2017
Top Imports to Seattle
Total Imports: $69.46 billion
|3||Motor vehicles for transporting people||$3,284,786,928|
|4||Exports returned, without change||$2,019,196,755|
|5||Video game consoles||$1,892,803,662|
|6||Cell phones, related equipment||$1,450,586,456|
|7||Wood, sawed or chipped, greater than 6 meters thic||$1,423,968,365|
|8||Petroleum gases, other gaseous hydrocarbons||$1,414,926,393|
|9||TV cameras, digital cameras, camcorders||$1,248,329,824|
|10||Machinery, parts for semiconductor manufacturing||$1,207,050,788|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 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 $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
Seattle’s top five exports by value through December were Civilian aircraft, parts; Computer chips; Soybeans; Gasoline, other fuels; and Motor vehicles for transporting people, in that order. They accounted for 52.88 percent of total exports from Seattle.
Seattle’s top five imports by value through December were Aircraft parts; Oil; Motor vehicles for transporting people; Exports returned, without change; and Video game consoles. They accounted for 22.07 percent of all inbound shipments.
Looking more closely at Seattle’s exports:
- Civilian aircraft, parts fell 16.01 percent compared to last year to $32.04 billion.
- Computer chips rose 46.97 percent compared to last year to $4.99 billion.
- Soybeans fell 6 percent compared to last year to $2.03 billion.
- Gasoline, other fuels fell 14.32 percent compared to last year to $1.83 billion.
- Motor vehicles for transporting people rose 15.49 percent compared to last year to $1.54 billion.
On the import side:
- Aircraft parts fell 8.14 percent compared to last year to $4.35 billion.
- Oil rose 24.26 percent compared to last year to $3.78 billion.
- Motor vehicles for transporting people rose 9.91 percent compared to last year to $3.28 billion.
- Exports returned, without change fell 5.82 percent compared to last year to $2.02 billion.
- Video game consoles rose 396.7 percent compared to last year to $1.89 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.