Seattle Top Trading Partners
Total trade: $110.48 billion
|6||United Arab Emirates||$3,202,530,864|
January – September 2017
Top U.S. Trading Partners
Total U.S. trade: $2.86 trillion
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.
Top Exports from Seattle
Total Exports: $59.19 billion
|1||Civilian aircraft, parts||$24,060,787,733|
|3||Gasoline, other fuels||$1,322,719,162|
|4||Motor vehicles for transporting people||$1,083,469,394|
|7||Potatoes, prepared, frozen||$677,242,607|
|9||Medical instruments for surgeons, dentists, vets||$651,670,424|
January – September 2017
Top Imports to Seattle
Total Imports: $51.3 billion
|3||Motor vehicles for transporting people||$2,373,100,010|
|4||Exports returned, without change||$1,461,874,243|
|5||Video game consoles||$1,113,450,342|
|6||Cell phones, related equipment||$1,085,407,216|
|7||Wood, sawed or chipped, greater than 6 meters thic||$1,015,593,704|
|8||Petroleum gases, other gaseous hydrocarbons||$986,834,720|
|9||Aircraft engines, engine parts||$956,733,840|
|10||TV 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.