|3||Potatoes, prepared, frozen||$223.28 M|
|4||Hay, including alfalfa hay, etc.||$217.24 M|
|5||Harvesting machinery for poultry||$182.13 M|
|6||Pork meat, fresh, frozen or chilled||$120.94 M|
|7||Milk and cream, concentrated or sweetened||$110.23 M|
|8||Fresh apples, pears||$93.89 M|
|9||Civilian aircraft, parts||$81.33 M|
|10||Misc. coated paper, paperboard||$80.19 M|
|1||Passenger vehicles||$1.29 B|
|2||Motor vehicle parts||$1.08 B|
|3||Toys, children's bicycles, games||$387.1 M|
|4||Machinery, parts for semiconductor manufacturing||$330.97 M|
|5||Video game consoles||$330.49 M|
|6||Motor vehicle engines||$297.43 M|
|7||Furniture, parts||$279.43 M|
|8||Insulated wire, cable||$259.66 M|
|9||Seats, excluding barber, dental||$244.8 M|
|10||Printers, all types, parts||$244 M|
Port of Tacoma, Wash.’s trade decreases 18.14 percent through June
Port of Tacoma, Wash.’s trade with the world fell 18.14 percent, from $23.79 billion to $19.47 billion through the first six 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of Tacoma, Wash. ranked No. 27 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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 June Port of Tacoma, Wash.’s top trade partners were No. 1 Japan, No. 2 China, No. 3 Vietnam, No. 4 South Korea and No. 5 Taiwan. Through the same period of the previous year, the top trade partners were held by Japan, China, South Korea, Taiwan and Vietnam, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 26.32 percent to $6.55 billion.
Exports fell 10.99 percent to $1.16 billion. Imports fell 28.97 percent to $5.39 billion.
- Trade with No. 2 China fell 30.03 percent to $4.91 billion.
Exports rose 0.39 percent to $788.71 million. Imports fell 33.87 percent to $4.13 billion.
- Trade with No. 3 Vietnam rose 76.68 percent to $2.18 billion.
Exports fell 18.24 percent to $98.16 million. Imports rose 86.91 percent to $2.08 billion.
- Trade with No. 4 South Korea fell 19.98 percent to $1.5 billion.
Exports fell 25.04 percent to $419.34 million. Imports fell 17.84 percent to $1.09 billion.
- Trade with No. 5 Taiwan fell 13.45 percent to $1.19 billion.
Exports fell 18.08 percent to $218.05 million. Imports fell 12.34 percent to $972.01 million.
Port of Tacoma, Wash.’s top five trading partners through June accounted for 83.94 percent of its trade with the world.
Port of Tacoma, Wash. had trade surpluses with 44 countries and deficits with 54 through June. That compares with 45 surpluses and 62 deficits for the same period one year earlier. The top three surpluses through June of this year were with Singapore, $64.25 million; Hong Kong, $45.26 million; and United Arab Emirates, $16.21 million. The top three deficits through June of this year were with Japan, $4.23 billion; China, $3.34 billion; and Vietnam, $1.98 billion.
Through June its top exports were Soybeans; Corn; Potatoes, prepared, frozen; Hay, including alfalfa hay, etc.; and Harvesting machinery for poultry, in that order. Those accounted for 32.15 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Motor vehicle parts; Toys, children’s bicycles, games; Machinery, parts for semiconductor manufacturing; and Video game consoles, accounting for 21.56 percent of all inbound shipments.
Looking more closely at Port of Tacoma, Wash.’s exports:
- Soybeans fell 3.77 percent compared to last year to $289.79 million.
- Corn fell 3.21 percent compared to last year to $250.5 million.
- Potatoes, prepared, frozen fell 15.97 percent compared to last year to $223.28 million.
- Hay, including alfalfa hay, etc. rose 16.88 percent compared to last year to $217.24 million.
- Harvesting machinery for poultry rose 94.26 percent compared to last year to $182.13 million.
On the import side:
- Passenger vehicles fell 27.76 percent compared to last year to $1.29 billion.
- Motor vehicle parts fell 27.61 percent compared to last year to $1.08 billion.
- Toys, children’s bicycles, games fell 8.16 percent compared to last year to $387.1 million.
- Machinery, parts for semiconductor manufacturing fell 56.24 percent compared to last year to $330.97 million.
- Video game consoles rose 371.3 percent compared to last year to $330.49 million.
Last year Port of Tacoma, Wash. posted total trade with the world of $48.76 billion. The Port’s deficit was $32.86 billion. Exports totaled $7.95 billion and imports came to $40.81 billion.