|1||Civilian aircraft, parts||$312.56 M|
|4||Potatoes, prepared, frozen||$91.35 M|
|5||Beans, peas, dried or shelled||$68.04 M|
|6||Hay, including alfalfa hay, etc.||$64.74 M|
|7||Fresh apples, pears||$58.07 M|
|8||Precious metal ores, concentrates||$53.07 M|
|9||Misc. articles of stone, mineral substance||$46.25 M|
|10||Seeds, fruits and spores, for sowing||$42.26 M|
|1||Defense-related aircraft, parts||$113 M|
|2||Furniture, parts||$96.17 M|
|3||Plastic shoes||$89.6 M|
|4||Seats, excluding barber, dental||$75.27 M|
|6||Athletic, other textile shoes||$63.67 M|
|7||Motor vehicle parts||$59.17 M|
|8||Photo-sensitive semi-conductors, parts||$53.68 M|
|9||Leather shoes||$52.7 M|
|10||Shrimp, other crustaceans||$51.64 M|
Port of Seattle, Wash.’s trade decreases 28.98 percent through March
Port of Seattle, Wash.’s trade with the world fell 28.98 percent, from $7.53 billion to $5.35 billion through the first three 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 $964.77 billion, with exports at $395.69 billion and imports at $569.09 billion. The nation’s total trade decreased 4.16 percent compared to the same period last year. Exports fell 3.07 percent and imports fell 4.91 percent.
Port of Seattle, Wash. ranked No. 42 for total trade among the nation’s roughly 450 airports, seaports and border crossings through March 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; John F. Kennedy International Airport and Port of Newark.
Through March Port of Seattle, Wash.’s top trade partners were No. 1 China, No. 2 Canada, No. 3 South Korea, No. 4 Vietnam and No. 5 Japan. Through the same period of the previous year, the top trade partners were held by China, Canada, South Korea, Japan and Australia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 43.56 percent to $1.79 billion.
Exports fell 13 percent to $357.62 million. Imports fell 48.09 percent to $1.44 billion.
- Trade with No. 2 Canada fell 36.02 percent to $491.25 million.
Exports fell 40.26 percent to $435.98 million. Imports rose 45.59 percent to $55.28 million.
- Trade with No. 3 South Korea fell 41.68 percent to $303.93 million.
Exports fell 15.28 percent to $182.09 million. Imports fell 60.21 percent to $121.84 million.
- Trade with No. 4 Vietnam rose 11.49 percent to $211.62 million.
Exports rose 26.64 percent to $28.41 million. Imports rose 9.46 percent to $183.21 million.
- Trade with No. 5 Japan fell 26.34 percent to $206.51 million.
Exports fell 21.77 percent to $145.72 million. Imports fell 35.4 percent to $60.79 million.
Port of Seattle, Wash.’s top five trading partners through March accounted for 56.23 percent of its trade with the world.
Port of Seattle, Wash. had trade surpluses with 84 countries and deficits with 75 through March. That compares with 77 surpluses and 82 deficits for the same period one year earlier. The top three surpluses through March of this year were with Canada, $380.7 million; Japan, $84.92 million; and The Netherlands, $65.31 million. The top three deficits through March of this year were with China, $1.08 billion; Vietnam, $154.8 million; and Italy, $63.74 million.
Through March its top exports were Civilian aircraft, parts; Soybeans; Corn; Potatoes, prepared, frozen; and Beans, peas, dried or shelled, in that order. Those accounted for 35.27 percent of its total outbound trade. The Port’s top imports were Defense-related aircraft, parts; Furniture, parts; Plastic shoes; Seats, excluding barber, dental; and Coffee, accounting for 13.83 percent of all inbound shipments.
Looking more closely at Port of Seattle, Wash.’s exports:
- Civilian aircraft, parts fell 49.92 percent compared to last year to $312.56 million.
- Soybeans fell 22.09 percent compared to last year to $176 million.
- Corn fell 20.98 percent compared to last year to $94.56 million.
- Potatoes, prepared, frozen fell 14.46 percent compared to last year to $91.35 million.
- Beans, peas, dried or shelled rose 30.59 percent compared to last year to $68.04 million.
On the import side:
- Defense-related aircraft, parts fell 35.46 percent compared to last year to $113 million.
- Furniture, parts fell 34.12 percent compared to last year to $96.17 million.
- Plastic shoes fell 30.36 percent compared to last year to $89.6 million.
- Seats, excluding barber, dental fell 23.15 percent compared to last year to $75.27 million.
- Coffee fell 7.56 percent compared to last year to $74.74 million.
Last year Port of Seattle, Wash. posted total trade with the world of $27.28 billion. The Port’s deficit was $10.38 billion. Exports totaled $8.45 billion and imports came to $18.83 billion.