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Seattle

January – December 2017

Seattle Top Trading Partners

Total trade: $149.71 billion

RankCountryTotal YTD
1Canada $34,419,309,915
2China $30,418,997,912
3Japan $14,044,652,904
4South Korea $7,430,234,853
5Taiwan $4,485,234,114
6United Arab Emirates $4,306,195,211
7Vietnam $3,730,844,572
8Ireland $3,089,727,806
9Singapore $2,907,077,731
10United Kingdom $2,901,678,417

January – December 2017

Top U.S. Trading Partners

Total U.S. trade: $3.89 trillion

RankCountryTotal YTD
1China $635,966,594,548
2Canada $582,446,910,813
3Mexico $557,033,857,620
4Japan $204,239,482,434
5Germany $171,237,510,586
6South Korea $119,440,710,726
7United Kingdom $109,403,656,910
8France $82,469,431,746
9India $74,331,747,932
10Italy $68,286,326,460

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.

January – December 2017

Top Exports from Seattle

Total Exports: $80.24 billion

RankCommodityTotal YTD
1Civilian aircraft, parts $32,036,877,224
2Computer chips $4,993,054,939
3Soybeans $2,028,704,722
4Gasoline, other fuels $1,834,504,313
5Motor vehicles for transporting people $1,541,163,611
6Computers $1,044,447,892
7Medical instruments for surgeons, dentists, vets $922,480,869
8Commercial vehicles $920,585,224
9Potatoes, prepared, frozen $904,991,425
10Frozen fish $858,667,168

January – December 2017

Top Imports to Seattle

Total Imports: $69.46 billion

RankCommodityTotal YTD
1Aircraft parts $4,350,387,043
2Oil $3,780,580,563
3Motor vehicles for transporting people $3,284,786,928
4Exports returned, without change $2,019,196,755
5Video game consoles $1,892,803,662
6Cell phones, related equipment $1,450,586,456
7Wood, sawed or chipped, greater than 6 meters thic $1,423,968,365
8Petroleum gases, other gaseous hydrocarbons $1,414,926,393
9TV cameras, digital cameras, camcorders $1,248,329,824
10Machinery, 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.

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