|1||Civilian aircraft, parts||$327.66 M|
|4||Potatoes, prepared, frozen||$142.09 M|
|5||Hay, including alfalfa hay, etc.||$132.68 M|
|6||Beans, peas, dried or shelled||$122.71 M|
|7||Precious metal ores, concentrates||$84.88 M|
|8||Fresh apples, pears||$84.54 M|
|9||Misc. articles of stone, mineral substance||$66.84 M|
|10||Gasoline, other fuels||$66 M|
|1||Furniture, parts||$159.12 M|
|2||Defense-related aircraft, parts||$152.83 M|
|3||Plastic shoes||$144.93 M|
|5||Seats, excluding barber, dental||$128.99 M|
|6||Motor vehicle parts||$115.97 M|
|7||Athletic, other textile shoes||$102.29 M|
|8||Photo-sensitive semi-conductors, parts||$98.27 M|
|9||Video game consoles||$91.28 M|
|10||Shrimp, other crustaceans||$89.05 M|
Port of Seattle, Wash.’s trade decreases 23.84 percent through May
Port of Seattle, Wash.’s trade with the world fell 23.84 percent, from $12.01 billion to $9.15 billion through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Seattle, Wash. ranked No. 34 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through May Port of Seattle, Wash.’s top trade partners were No. 1 China, No. 2 South Korea, No. 3 Canada, No. 4 Japan and No. 5 Vietnam. Through the same period of the previous year, the top trade partners were held by China, Canada, South Korea, Japan and Australia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 35.7 percent to $3.26 billion.
Exports fell 85.93 percent to $633.37 million. Imports rose 365.76 percent to $2.62 billion.
- Trade with No. 2 South Korea fell 30.02 percent to $597.6 million.
Exports fell 25.78 percent to $368.02 million. Imports fell 35.9 percent to $229.58 million.
- Trade with No. 3 Canada fell 34.29 percent to $592.88 million.
Exports rose 579.68 percent to $508.59 million. Imports fell 89.81 percent to $84.29 million.
- Trade with No. 4 Japan fell 8.81 percent to $467.84 million.
Exports rose 77.73 percent to $270.48 million. Imports fell 45.3 percent to $197.37 million.
- Trade with No. 5 Vietnam rose 17.92 percent to $374.14 million.
Exports fell 82.87 percent to $47.79 million. Imports rose 751.94 percent to $326.35 million.
Port of Seattle, Wash.’s top five trading partners through May accounted for 57.85 percent of its trade with the world.
Port of Seattle, Wash. had trade surpluses with 87 countries and deficits with 81 through May. That compares with 84 surpluses and 82 deficits for the same period one year earlier. The top three surpluses through May of this year were with Canada, $424.31 million; South Korea, $138.44 million; and Hong Kong, $85.87 million. The top three deficits through May of this year were with China, $1.99 billion; Vietnam, $278.55 million; and Italy, $115.88 million.
Through May its top exports were Civilian aircraft, parts; Soybeans; Corn; Potatoes, prepared, frozen; and Hay, including alfalfa hay, etc., in that order. Those accounted for 30.22 percent of its total outbound trade. The Port’s top imports were Furniture, parts; Defense-related aircraft, parts; Plastic shoes; Coffee; and Seats, excluding barber, dental, accounting for 12.31 percent of all inbound shipments.
Looking more closely at Port of Seattle, Wash.’s exports:
- Civilian aircraft, parts fell 49.09 percent compared to last year to $327.66 million.
- Soybeans fell 2.49 percent compared to last year to $227.19 million.
- Corn fell 20.15 percent compared to last year to $169.88 million.
- Potatoes, prepared, frozen fell 22.55 percent compared to last year to $142.09 million.
- Hay, including alfalfa hay, etc. fell 4.41 percent compared to last year to $132.68 million.
On the import side:
- Furniture, parts fell 35.02 percent compared to last year to $159.12 million.
- Defense-related aircraft, parts fell 48.49 percent compared to last year to $152.83 million.
- Plastic shoes fell 20.88 percent compared to last year to $144.93 million.
- Coffee fell 7.09 percent compared to last year to $132.71 million.
- Seats, excluding barber, dental fell 17.57 percent compared to last year to $128.99 million.
Last year Port of Seattle, Wash. posted total trade with the world of $27.28 billion. The Port’s deficit was $10.38 billion. Exports totaled $8.45 billion and imports came to $18.83 billion.