|2||Potatoes, prepared, frozen||$78.21 M|
|3||Fresh apples, pears||$65.5 M|
|5||Hay, including alfalfa hay, etc.||$58.2 M|
|6||Pork meat, fresh, frozen or chilled||$26.74 M|
|7||Misc. uncoated kraft paper, paperboard||$25.81 M|
|8||Wood, sawed or chipped, greater than 6 meters thic||$25.47 M|
|9||Misc. coated paper, paperboard||$24.88 M|
|10||Scrap iron, steel||$21.78 M|
|1||Motor vehicles for transporting people||$583.58 M|
|2||Motor vehicle parts||$423.06 M|
|3||Machinery, parts for semiconductor manufacturing||$219.96 M|
|4||Motor vehicle engines||$162.09 M|
|5||Toys, children's bicycles, games||$150.74 M|
|6||Defense-related aircraft, parts||$121.83 M|
|7||Furniture, parts||$118.55 M|
|8||Diesel engines||$105.33 M|
|9||Seats, excluding barber, dental||$104.29 M|
|10||Self-propelled heavy construction machinery||$98.24 M|
Port of Tacoma, Wash.’s trade decreases 8.56 percent through February
Port of Tacoma, Wash.’s trade with the world fell 8.56 percent, from $8.14 billion to $7.44 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Tacoma, Wash. ranked No. 27 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Tacoma, Wash.’s top trade parters were No. 1 Japan, No. 2 China, 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 Japan rose 2.21 percent to $2.53 billion.
Exports fell 5.45 percent to $382.59 million. Imports rose 3.71 percent to $2.14 billion.
- Trade with No. 2 China fell 20.14 percent to $2.5 billion.
Exports fell 23.08 percent to $246.87 million. Imports fell 19.81 percent to $2.25 billion.
- Trade with No. 3 South Korea fell 9.48 percent to $583.77 million.
Exports fell 19.56 percent to $154.87 million. Imports fell 5.19 percent to $428.9 million.
- Trade with No. 4 Taiwan fell 7.4 percent to $452.03 million.
Exports fell 37.67 percent to $85.94 million. Imports rose 4.52 percent to $366.09 million.
- Trade with No. 5 Vietnam fell 0.77 percent to $400.77 million.
Exports rose 14.09 percent to $44.15 million. Imports fell 2.35 percent to $356.62 million.
Port of Tacoma, Wash.’s top five trading partners through February accounted for 86.88 percent of its trade with the world.
Port of Tacoma, Wash. had trade surpluses with 36 countries and deficits with 48 through February. That compares with 57 surpluses and 50 deficits for the same period one year earlier. The top three surpluses through February of this year were with Singapore, $39.76 million; Hong Kong, $20.14 million; and Saudi Arabia, $8.84 million. The top three deficits through February of this year were with China, $2.01 billion; Japan, $1.76 billion; and Vietnam, $312.47 million.
Through February it’s top exports were Soybeans; Potatoes, prepared, frozen; Fresh apples, pears; Corn; and Hay, including alfalfa hay, etc., in that order. Those accounted for 32.86 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 24.77 percent of all inbound shipments.
Looking more closely at Port of Tacoma, Wash.’s exports:
- Soybeans rose 12.73 percent compared to last year to $141.79 million.
- Potatoes, prepared, frozen rose 3.18 percent compared to last year to $78.21 million.
- Fresh apples, pears fell 13.53 percent compared to last year to $65.5 million.
- Corn fell 44.2 percent compared to last year to $58.94 million.
- Hay, including alfalfa hay, etc. rose 9.21 percent compared to last year to $58.2 million.
On the import side:
- Motor vehicles for transporting people rose 43.95 percent compared to last year to $583.58 million.
- Motor vehicle parts fell 17.89 percent compared to last year to $423.06 million.
- Machinery, parts for semiconductor manufacturing rose 115.12 percent compared to last year to $219.96 million.
- Motor vehicle engines rose 10.35 percent compared to last year to $162.09 million.
- Toys, children’s bicycles, games rose 20.36 percent compared to last year to $150.74 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $10.79 billion and imports came to $43.77 billion.