|2||Potatoes, prepared, frozen||$407.44 M|
|4||Hay, including alfalfa hay, etc.||$322.75 M|
|5||Fresh apples, pears||$255.54 M|
|6||Scrap iron, steel||$229.62 M|
|7||Pork meat, fresh, frozen or chilled||$170 M|
|8||Misc. coated paper, paperboard||$167.37 M|
|9||Civilian aircraft, parts||$165.9 M|
|10||Wood, sawed or chipped, greater than 6 meters thic||$149.32 M|
|1||Video game consoles||$2.27 B|
|2||Motor vehicle parts||$2.27 B|
|3||Motor vehicles for transporting people||$1.91 B|
|4||Motor vehicle engines||$930.14 M|
|5||Toys, children's bicycles, games||$801.21 M|
|6||Defense-related aircraft, parts||$702.84 M|
|7||Cell phones, related equipment||$631.84 M|
|8||Diesel engines||$630.96 M|
|9||Furniture, parts||$571.75 M|
|10||TV cameras, digital cameras, camcorders||$541.49 M|
Port of Tacoma, Wash.’s trade decreases 3.24 percent through October
Port of Tacoma, Wash.’s trade with the world fell 3.24 percent, from $41.95 billion to $40.59 billion through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Tacoma, Wash. ranked No. 26 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 24. It finished No. 24 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through October Port of Tacoma, Wash.’s top trade parters were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Taiwan and No. 5 Vietnam . Through the same period of the previous year, the top trade partners were held by China, Japan, South Korea, Taiwan and Vietnam, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 4.22 percent to $15.6 billion.
Exports fell 26.38 percent to $1.4 billion. Imports fell 1.28 percent to $14.2 billion.
- Trade with No. 2 Japan fell 6.68 percent to $11.94 billion.
Exports fell 6.47 percent to $2.1 billion. Imports fell 6.73 percent to $9.84 billion.
- Trade with No. 3 South Korea fell 5.8 percent to $3.27 billion.
Exports rose 26.22 percent to $1.21 billion. Imports fell 17.98 percent to $2.06 billion.
- Trade with No. 4 Taiwan fell 3.65 percent to $2.46 billion.
Exports rose 10.04 percent to $603.67 million. Imports fell 7.39 percent to $1.86 billion.
- Trade with No. 5 Vietnam rose 35.48 percent to $2.11 billion.
Exports rose 113.88 percent to $213.12 million. Imports rose 30.14 percent to $1.9 billion.
Port of Tacoma, Wash.’s top five trading partners through October accounted for 87.21 percent of its trade with the world.
Port of Tacoma, Wash. had trade surpluses with 75 countries and deficits with 71 through October. That compares with 69 surpluses and 66 deficits for the same period one year earlier. The top three surpluses through October of this year were with Singapore, $151.44 million; Hong Kong, $115.1 million; and Philippines, $63.77 million. The top three deficits through October of this year were with China, $12.8 billion; Japan, $7.75 billion; and Vietnam, $1.69 billion.
Through October it’s top exports were Corn; Potatoes, prepared, frozen; Soybeans; Hay, including alfalfa hay, etc.; and Fresh apples, pears, in that order. Those accounted for 27.51 percent of its total outbound trade. The Port’s top imports were Video game consoles; Motor vehicle parts; Motor vehicles for transporting people; Motor vehicle engines; and Toys, children’s bicycles, games, accounting for 24.76 percent of all inbound shipments.
Looking more closely at Port of Tacoma, Wash.’s exports:
- Corn rose 88.51 percent compared to last year to $693.79 million.
- Potatoes, prepared, frozen fell 10.16 percent compared to last year to $407.44 million.
- Soybeans fell 41.68 percent compared to last year to $404.28 million.
- Hay, including alfalfa hay, etc. fell 4.41 percent compared to last year to $322.75 million.
- Fresh apples, pears rose 49.92 percent compared to last year to $255.54 million.
On the import side:
- Video game consoles rose 65.86 percent compared to last year to $2.27 billion.
- Motor vehicle parts fell 15.02 percent compared to last year to $2.27 billion.
- Motor vehicles for transporting people fell 12.42 percent compared to last year to $1.91 billion.
- Motor vehicle engines rose 6.42 percent compared to last year to $930.14 million.
- Toys, children’s bicycles, games rose 5.12 percent compared to last year to $801.21 million.
Last year Port of Tacoma, Wash. posted total trade with the world of $54.56 billion. The Port’s deficit was $32.99 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $10.79 billion and imports came to $43.77 billion.