|1||Civilian aircraft, parts||$977.21 M|
|4||Potatoes, prepared, frozen||$253.53 M|
|5||Gasoline, other fuels||$249.98 M|
|6||Frozen fish||$230.48 M|
|7||Hay, including alfalfa hay, etc.||$177.06 M|
|8||Fresh apples, pears||$134.41 M|
|9||Misc. articles of stone, mineral substance||$123.44 M|
|10||Beans, peas, dried or shelled||$88.85 M|
|1||Furniture, parts||$442.64 M|
|2||Defense-related aircraft, parts||$408.6 M|
|3||Motor vehicle parts||$280.37 M|
|4||Seats, excluding barber, dental||$268.35 M|
|6||Shoes made of textile||$240 M|
|7||Plastic shoes||$237.81 M|
|8||Leather shoes||$198.1 M|
|9||Toys, children's bicycles, games||$187.01 M|
|10||Cell phones, related equipment||$183.02 M|
Port of Seattle, Wash.’s trade increases 18.82 percent through August
Port of Seattle, Wash.’s trade with the world rose 18.82 percent, from $16.26 billion to $19.31 billion through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade increased 9.32 percent compared to the same period last year. Exports rose 9.32 percent and imports rose 9.32 percent.
Port of Seattle, Wash. ranked No. 33 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2018. During the same period of 2017 it ranked No. 36. 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; Port of Newark and John F. Kennedy International Airport.
Through August 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 Taiwan . Through the same period of the previous year, the top trade partners were held by China, South Korea, Japan, Australia and Canada, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 18.16 percent to $9.07 billion.
Exports fell 9.07 percent to $1.27 billion. Imports rose 24.2 percent to $7.8 billion.
- Trade with No. 2 Canada rose 180.25 percent to $1.51 billion.
Exports rose 260.95 percent to $1.35 billion. Imports fell 3.78 percent to $157.84 million.
- Trade with No. 3 South Korea rose 19.16 percent to $1.38 billion.
Exports rose 18.84 percent to $575.01 million. Imports rose 19.4 percent to $805.06 million.
- Trade with No. 4 Japan fell 32.93 percent to $613.34 million.
Exports rose 2.1 percent to $406.25 million. Imports fell 59.91 percent to $207.09 million.
- Trade with No. 5 Taiwan rose 30.82 percent to $569.9 million.
Exports rose 98.36 percent to $208.51 million. Imports rose 9.34 percent to $361.39 million.
Port of Seattle, Wash.’s top five trading partners through August accounted for 68.03 percent of its trade with the world.
Port of Seattle, Wash. had trade surpluses with 94 countries and deficits with 86 through August. That compares with 83 surpluses and 102 deficits for the same period one year earlier. The top three surpluses through August of this year were with Canada, $1.19 billion; Hong Kong, $221.43 million; and Japan, $199.16 million. The top three deficits through August of this year were with China, $6.53 billion; South Korea, $230.05 million; and Indonesia, $196.04 million.
Through August it’s top exports were Civilian aircraft, parts; Soybeans; Corn; Potatoes, prepared, frozen; and Gasoline, other fuels, in that order. Those accounted for 37.37 percent of its total outbound trade. The Port’s top imports were Furniture, parts; Defense-related aircraft, parts; Motor vehicle parts; Seats, excluding barber, dental; and Coffee, accounting for 12.61 percent of all inbound shipments.
Looking more closely at Port of Seattle, Wash.’s exports:
- Civilian aircraft, parts rose 797.62 percent compared to last year to $977.21 million.
- Soybeans fell 2.33 percent compared to last year to $478.24 million.
- Corn rose 36.16 percent compared to last year to $394.34 million.
- Potatoes, prepared, frozen rose 16.64 percent compared to last year to $253.53 million.
- Gasoline, other fuels rose 115.49 percent compared to last year to $249.98 million.
On the import side:
- Furniture, parts rose 19.8 percent compared to last year to $442.64 million.
- Defense-related aircraft, parts fell 10.32 percent compared to last year to $408.6 million.
- Motor vehicle parts rose 44.56 percent compared to last year to $280.37 million.
- Seats, excluding barber, dental rose 11.68 percent compared to last year to $268.35 million.
- Coffee fell 6.11 percent compared to last year to $241.71 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.