|1||Civilian aircraft, parts||$1.11 B|
|4||Frozen fish||$367.26 M|
|5||Potatoes, prepared, frozen||$321.58 M|
|6||Gasoline, other fuels||$291.52 M|
|7||Hay, including alfalfa hay, etc.||$221.05 M|
|8||Fresh apples, pears||$154.96 M|
|9||Misc. articles of stone, mineral substance||$151.62 M|
|10||Beans, peas, dried or shelled||$123.21 M|
|1||Furniture, parts||$543.49 M|
|2||Defense-related aircraft, parts||$530.37 M|
|3||Motor vehicle parts||$366.2 M|
|4||Toys, children's bicycles, games||$355.88 M|
|5||Seats, excluding barber, dental||$325.49 M|
|6||Shoes made of textile||$319.72 M|
|7||Plastic shoes||$287.04 M|
|9||Leather shoes||$275.46 M|
|10||Cell phones, related equipment||$250.51 M|
Port of Seattle, Wash.’s trade increases 17.35 percent through October
Port of Seattle, Wash.’s trade with the world rose 17.35 percent, from $21.28 billion to $24.97 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.
Port of Seattle, Wash. ranked No. 32 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. 34. It finished No. 34 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 Port of Seattle, Wash.’s top trade parters were No. 1 China, No. 2 Canada, No. 3 South Korea, No. 4 Japan and No. 5 Australia . Through the same period of the previous year, the top trade partners were held by China, South Korea, Japan, Canada and Australia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 20.04 percent to $12.14 billion.
Exports fell 19.42 percent to $1.51 billion. Imports rose 28.99 percent to $10.63 billion.
- Trade with No. 2 Canada rose 72.65 percent to $1.75 billion.
Exports rose 92.51 percent to $1.56 billion. Imports fell 4.97 percent to $196.59 million.
- Trade with No. 3 South Korea rose 17.21 percent to $1.72 billion.
Exports rose 14.97 percent to $698.5 million. Imports rose 18.78 percent to $1.02 billion.
- Trade with No. 4 Japan fell 34.55 percent to $779.07 million.
Exports rose 13.44 percent to $526.11 million. Imports fell 65.19 percent to $252.96 million.
- Trade with No. 5 Australia fell 0.15 percent to $704.28 million.
Exports rose 20.19 percent to $311.51 million. Imports fell 11.96 percent to $392.77 million.
Port of Seattle, Wash.’s top five trading partners through October accounted for 68.47 percent of its trade with the world.
Port of Seattle, Wash. had trade surpluses with 94 countries and deficits with 89 through October. That compares with 89 surpluses and 102 deficits for the same period one year earlier. The top three surpluses through October of this year were with Canada, $1.36 billion; Japan, $273.15 million; and Hong Kong, $263.4 million. The top three deficits through October of this year were with China, $9.12 billion; South Korea, $325.81 million; and Indonesia, $245.04 million.
Through October it’s top exports were Civilian aircraft, parts; Soybeans; Corn; Frozen fish; and Potatoes, prepared, frozen, in that order. Those accounted for 35.96 percent of its total outbound trade. The Port’s top imports were Furniture, parts; Defense-related aircraft, parts; Motor vehicle parts; Toys, children’s bicycles, games; and Seats, excluding barber, dental, accounting for 12.31 percent of all inbound shipments.
Looking more closely at Port of Seattle, Wash.’s exports:
- Civilian aircraft, parts rose 142.04 percent compared to last year to $1.11 billion.
- Soybeans fell 24.59 percent compared to last year to $528.14 million.
- Corn rose 57.12 percent compared to last year to $456.17 million.
- Frozen fish fell 7.16 percent compared to last year to $367.26 million.
- Potatoes, prepared, frozen rose 14.64 percent compared to last year to $321.58 million.
On the import side:
- Furniture, parts rose 17.2 percent compared to last year to $543.49 million.
- Defense-related aircraft, parts fell 8.31 percent compared to last year to $530.37 million.
- Motor vehicle parts rose 56.67 percent compared to last year to $366.2 million.
- Toys, children’s bicycles, games rose 10.75 percent compared to last year to $355.88 million.
- Seats, excluding barber, dental rose 14.37 percent compared to last year to $325.49 million.
Last year Port of Seattle, Wash. posted total trade with the world of $21.66 billion. The Port’s deficit was $8.74 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $6.46 billion and imports came to $15.2 billion.