|1||Civilian aircraft, parts||$8.28 B|
|2||Computer chips||$1.91 B|
|3||Machinery, parts for semiconductor manufacturing||$540.99 M|
|4||Medical instruments for surgeons, dentists, vets||$509.29 M|
|6||Plasma, vaccines, blood||$306.15 M|
|7||Misc. chemical elements used in electron, disc waf||$183.1 M|
|8||Cell phones, related equipment||$178.53 M|
|9||Medical technology||$157.04 M|
|10||Insulated wire, cable||$142.38 M|
|1||Aircraft engines, engine parts||$1.31 B|
|2||Machinery, parts for semiconductor manufacturing||$1.16 B|
|3||Value added to a returned import||$978.89 M|
|4||Computer chips||$900.23 M|
|5||Unrecorded media for audio||$756.88 M|
|7||Defense-related aircraft, parts||$382.59 M|
|8||Cell phones, related equipment||$190.04 M|
|9||Seats, excluding barber, dental||$152.71 M|
|10||Paintings, drawings and other artwork||$101.07 M|
Seattle-Tacoma International Airport’s trade increases 2.29 percent through October
Seattle-Tacoma International Airport’s trade with the world rose 2.29 percent, from $24.65 billion to $25.22 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.
Seattle-Tacoma International Airport ranked No. 30 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. 31. It finished No. 31 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 Seattle-Tacoma International Airport’s top trade parters were No. 1 China, No. 2 Ireland, No. 3 Singapore, No. 4 United Kingdom and No. 5 The Netherlands . Through the same period of the previous year, the top trade partners were held by Ireland, China, United Kingdom, Singapore and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 11.75 percent to $3.15 billion.
Exports rose 7.56 percent to $2.04 billion. Imports rose 20.36 percent to $1.11 billion.
- Trade with No. 2 Ireland fell 14.72 percent to $3.07 billion.
Exports rose 3.51 percent to $1.63 billion. Imports fell 28.91 percent to $1.44 billion.
- Trade with No. 3 Singapore rose 8.06 percent to $1.76 billion.
Exports rose 7.94 percent to $457.06 million. Imports rose 8.1 percent to $1.31 billion.
- Trade with No. 4 United Kingdom rose 1.99 percent to $1.73 billion.
Exports rose 3.49 percent to $1.4 billion. Imports fell 3.79 percent to $336.87 million.
- Trade with No. 5 The Netherlands rose 23.41 percent to $1.59 billion.
Exports fell 19.68 percent to $518.18 million. Imports rose 66.47 percent to $1.07 billion.
Seattle-Tacoma International Airport’s top five trading partners through October accounted for 44.84 percent of its trade with the world.
Seattle-Tacoma International Airport had trade surpluses with 144 countries and deficits with 35 through October. That compares with 139 surpluses and 47 deficits for the same period one year earlier. The top three surpluses through October of this year were with United Kingdom, $1.06 billion; Russia, $1.03 billion; and China, $928.43 million. The top three deficits through October of this year were with Singapore, $850.18 million; Japan, $584.68 million; and The Netherlands, $556.25 million.
Through October it’s top exports were Civilian aircraft, parts; Computer chips; Machinery, parts for semiconductor manufacturing; Medical instruments for surgeons, dentists, vets; and Computers, in that order. Those accounted for 71.18 percent of its total outbound trade. The Port’s top imports were Aircraft engines, engine parts; Machinery, parts for semiconductor manufacturing; Value added to a returned import; Computer chips; and Unrecorded media for audio, accounting for 57.38 percent of all inbound shipments.
Looking more closely at Seattle-Tacoma International Airport’s exports:
- Civilian aircraft, parts rose 7.71 percent compared to last year to $8.28 billion.
- Computer chips fell 39.74 percent compared to last year to $1.91 billion.
- Machinery, parts for semiconductor manufacturing rose 69.3 percent compared to last year to $540.99 million.
- Medical instruments for surgeons, dentists, vets rose 29.46 percent compared to last year to $509.29 million.
- Computers fell 21.86 percent compared to last year to $376.83 million.
On the import side:
- Aircraft engines, engine parts rose 35.43 percent compared to last year to $1.31 billion.
- Machinery, parts for semiconductor manufacturing rose 78.61 percent compared to last year to $1.16 billion.
- Value added to a returned import rose 78.13 percent compared to last year to $978.89 million.
- Computer chips fell 51.75 percent compared to last year to $900.23 million.
- Unrecorded media for audio rose 16.72 percent compared to last year to $756.88 million.
Last year Seattle-Tacoma International Airport posted total trade with the world of $26.87 billion. The Port’s surplus was $7.47 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $17.17 billion and imports came to $9.7 billion.