|1||Computer chips||$1.2 B|
|2||Civilian aircraft, parts||$675.65 M|
|3||Medical instruments||$339.54 M|
|4||Machinery, parts for semiconductor manufacturing||$324.16 M|
|6||Plasma, vaccines, blood||$200.64 M|
|7||Regional aircraft, satellites, etc.||$141.84 M|
|8||Medical technology||$105.78 M|
|9||Photo-sensitive semi-conductors, parts||$88.1 M|
|10||Cell phones, related equipment||$82.7 M|
|1||Machinery, parts for semiconductor manufacturing||$637.05 M|
|2||Digital storage devices||$367.45 M|
|3||Misc. aircraft parts||$333.92 M|
|4||Returned exports, without change||$238.6 M|
|5||Computer chips||$238.37 M|
|7||Plasma, vaccines, blood||$138.97 M|
|8||Cell phones, related equipment||$87.72 M|
|9||Cameras, including TV cameras||$87.41 M|
|10||Defense-related aircraft, parts||$86.79 M|
Seattle-Tacoma International Airport’s trade decreases 33.21 percent through June
Seattle-Tacoma International Airport’s trade with the world fell 33.21 percent, from $13.04 billion to $8.71 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.
Seattle-Tacoma International Airport ranked No. 41 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 Seattle-Tacoma International Airport’s top trade partners were No. 1 China, No. 2 The Netherlands, No. 3 United Kingdom, No. 4 Japan and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by China, The Netherlands, United Kingdom, France and Canada, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 21.3 percent to $1.28 billion.
Exports fell 15.16 percent to $1.09 billion. Imports fell 44.73 percent to $186.54 million.
- Trade with No. 2 The Netherlands fell 19.73 percent to $911.11 million.
Exports fell 51.11 percent to $285.04 million. Imports rose 13.41 percent to $626.07 million.
- Trade with No. 3 United Kingdom fell 22.27 percent to $873.32 million.
Exports rose 1.33 percent to $804.76 million. Imports fell 79.18 percent to $68.56 million.
- Trade with No. 4 Japan rose 9.07 percent to $866.47 million.
Exports fell 18.44 percent to $266.47 million. Imports rose 28.29 percent to $600.01 million.
- Trade with No. 5 Germany rose 2.89 percent to $564.12 million.
Exports fell 15.4 percent to $209.52 million. Imports rose 17.96 percent to $354.6 million.
Seattle-Tacoma International Airport’s top five trading partners through June accounted for 51.6 percent of its trade with the world.
Seattle-Tacoma International Airport had trade surpluses with 132 countries and deficits with 38 through June. That compares with 146 surpluses and 34 deficits for the same period one year earlier. The top three surpluses through June of this year were with China, $907.24 million; United Kingdom, $736.2 million; and Vietnam, $330.09 million. The top three deficits through June of this year were with The Netherlands, $341.04 million; Japan, $333.54 million; and Singapore, $211.49 million.
Through June its top exports were Computer chips; Civilian aircraft, parts; Medical instruments; Machinery, parts for semiconductor manufacturing; and Computers, in that order. Those accounted for 52.18 percent of its total outbound trade. The Port’s top imports were Machinery, parts for semiconductor manufacturing; Digital storage devices; Misc. aircraft parts; Returned exports, without change; and Computer chips, accounting for 52.82 percent of all inbound shipments.
Looking more closely at Seattle-Tacoma International Airport’s exports:
- Computer chips fell 4.51 percent compared to last year to $1.2 billion.
- Civilian aircraft, parts fell 80.18 percent compared to last year to $675.65 million.
- Medical instruments rose 21.53 percent compared to last year to $339.54 million.
- Machinery, parts for semiconductor manufacturing fell 2.94 percent compared to last year to $324.16 million.
- Computers fell 34.84 percent compared to last year to $208.17 million.
On the import side:
- Machinery, parts for semiconductor manufacturing rose 14.71 percent compared to last year to $637.05 million.
- Digital storage devices rose 69.23 percent compared to last year to $367.45 million.
- Misc. aircraft parts fell 74.56 percent compared to last year to $333.92 million.
- Returned exports, without change fell 32.95 percent compared to last year to $238.6 million.
- Computer chips fell 33.65 percent compared to last year to $238.37 million.
Last year Seattle-Tacoma International Airport posted total trade with the world of $23.86 billion. The Port’s surplus was $4.96 billion. Exports totaled $14.41 billion and imports came to $9.45 billion.