|1||Potatoes, prepared, frozen||$360.91 M|
|4||Hay, including alfalfa hay, etc.||$244.83 M|
|5||Fresh apples, pears||$149.21 M|
|6||Civilian aircraft, parts||$139.34 M|
|7||Scrap iron, steel||$129.93 M|
|8||Pork meat, fresh, frozen or chilled||$129.85 M|
|9||Misc. coated paper, paperboard||$126.44 M|
|10||Harvesting machinery for poultry||$118.94 M|
|1||Motor vehicles for transporting people||$2.38 B|
|2||Motor vehicle parts||$1.97 B|
|3||Machinery, parts for semiconductor manufacturing||$882.3 M|
|4||Motor vehicle engines||$747.31 M|
|5||Toys, children's bicycles, games||$709.04 M|
|6||Internal combustion engines||$532.78 M|
|7||Defense-related aircraft, parts||$479.17 M|
|8||TVs, computer monitors||$452.23 M|
|9||Video game consoles||$438.45 M|
|10||Self-propelled heavy construction machinery||$437.19 M|
Port of Tacoma, Wash.’s trade increases 1.1 percent through August
Port of Tacoma, Wash.’s trade with the world rose 1.1 percent, from $32.17 billion to $32.52 billion through the first eight months of 2019 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Tacoma, Wash. ranked No. 26 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
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 August Port of Tacoma, Wash.’s top trade partners were No. 1 Japan, No. 2 China, No. 3 South Korea, No. 4 Vietnam and No. 5 Taiwan. 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 Japan rose 21.83 percent to $11.8 billion.
Exports rose 0.81 percent to $1.7 billion. Imports rose 26.26 percent to $10.1 billion.
- Trade with No. 2 China fell 17.82 percent to $9.92 billion.
Exports fell 20.98 percent to $976.89 million. Imports fell 17.46 percent to $8.94 billion.
- Trade with No. 3 South Korea fell 3.41 percent to $2.54 billion.
Exports fell 27.29 percent to $703.32 million. Imports rose 10.51 percent to $1.83 billion.
- Trade with No. 4 Vietnam rose 10.6 percent to $1.88 billion.
Exports fell 0.46 percent to $174.57 million. Imports rose 11.87 percent to $1.7 billion.
- Trade with No. 5 Taiwan fell 6.76 percent to $1.81 billion.
Exports fell 24.22 percent to $347.49 million. Imports fell 1.35 percent to $1.46 billion.
Port of Tacoma, Wash.’s top five trading partners through August accounted for 85.93 percent of its trade with the world.
Port of Tacoma, Wash. had trade surpluses with 44 countries and deficits with 67 through August. That compares with 73 surpluses and 68 deficits for the same period one year earlier. The top three surpluses through August of this year were with Hong Kong, $94.72 million; Singapore, $26.98 million; and Australia, $24.98 million. The top three deficits through August of this year were with Japan, $8.4 billion; China, $7.97 billion; and Vietnam, $1.53 billion.
Through August its top exports were Potatoes, prepared, frozen; Soybeans; Corn; Hay, including alfalfa hay, etc.; and Fresh apples, pears, in that order. Those accounted for 25.9 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Motor vehicle parts; Machinery, parts for semiconductor manufacturing; Motor vehicle engines; and Toys, children’s bicycles, games, accounting for 24.56 percent of all inbound shipments.
Looking more closely at Port of Tacoma, Wash.’s exports:
- Potatoes, prepared, frozen rose 10.12 percent compared to last year to $360.91 million.
- Soybeans rose 3.41 percent compared to last year to $341.96 million.
- Corn fell 53.68 percent compared to last year to $266.59 million.
- Hay, including alfalfa hay, etc. fell 6.58 percent compared to last year to $244.83 million.
- Fresh apples, pears fell 32.06 percent compared to last year to $149.21 million.
On the import side:
- Motor vehicles for transporting people rose 52.99 percent compared to last year to $2.38 billion.
- Motor vehicle parts rose 5.91 percent compared to last year to $1.97 billion.
- Machinery, parts for semiconductor manufacturing rose 286.92 percent compared to last year to $882.3 million.
- Motor vehicle engines rose 3.95 percent compared to last year to $747.31 million.
- Toys, children’s bicycles, games rose 38.91 percent compared to last year to $709.04 million.
Last year Port of Tacoma, Wash. posted total trade with the world of $48.99 billion. The Port’s deficit was $31.24 billion. At the end of the year, the port’s top five trade partners were China, Japan, South Korea, Taiwan and Vietnam. Exports totaled $8.88 billion and imports came to $40.11 billion.