Port of Olympia, Wash. Top Trading Partners
Total trade: $113.99 million
January – November 2017
Top U.S. Trading Partners
Total U.S. trade: $3.55 trillion
Port of Olympia, Wash.’s trade decreases 6.12 percent through November
Port of Olympia, Wash.’s trade with the world fell 6.12 percent, from $121.42 million to $113.99 million through the first 11 months of 2017 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 $3.55 trillion, with exports at $1.41 trillion and imports at $2.14 trillion. The nation’s total trade increased 6.62 percent compared to the same period last year. Exports rose 6.27 percent and imports rose 6.86 percent.
Port of Olympia, Wash. ranked No. 216 for total trade among the nation’s roughly 450 airports, seaports and border crossings through November of 2017. During the same period of 2016 it ranked No. 210. It finished No. 213 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 November Port of Olympia, Wash.’s top five trade partners were No. 1 Japan, No. 2 China, No. 3 South Korea, No. 4 Vietnam and No. 5 Canada . Through the same period of the previous year, the top five spots were held by Japan, China, Turkey, South Korea and Canada, respectively
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 12.51 percent to $51.54 million.
Exports fell 12.38 percent to $51.54 million. There were no imports.
- Trade with No. 2 China fell 20.18 percent to $33.95 million.
Exports fell 17.69 percent to $33.89 million. Imports fell 95.84 percent to $56,232.
- Trade with No. 3 South Korea rose 65.68 percent to $13.33 million.
Exports rose 67.13 percent to $13.32 million. Imports fell 91.69 percent to $6,126.
- Trade with No. 4 Vietnam totaled $6.88 million.
Exports totaled $6.88 million. There were no imports.
- Trade with No. 5 Canada rose 278.77 percent to $3.51 million.
Exports rose 40032 percent to $3.2 million. Imports fell 66.16 percent to $311,135.
Port of Olympia, Wash.’s top five trading partners through November accounted for 95.81 percent of its trade with the world.
Port of Olympia, Wash. had trade surpluses with five countries and deficits with six through November. That compares with four surpluses and 12 deficits for the same period one year earlier. The top three surpluses through November of this year were with Japan, $51.54 million; China, $33.84 million; and South Korea, $13.32 million. The top three deficits through November of this year were with Ireland, $2.6 million; Turkey, $2.11 million; and Singapore, $47,602.
Top Exports from Port of Olympia, Wash.
Total Exports: $108.84 million
|1||Wood in the rough, stripped or not of sapwood, etc||$98,667,649|
|3||Insulated wire, cable||$651,704|
|4||Iron and steel bars, in coils||$285,545|
|5||Almonds, walnuts, pistachios, hazelnuts, etc.||$253,748|
|6||Centrifuges, filters, machines and parts||$236,769|
|7||Fork-lifts, other trucks with lifts||$214,184|
|8||Fruit, nuts, prepared or preserved||$206,609|
|9||Lamp and lighting parts||$177,379|
|10||Air conditioning machines||$171,744|
January – November 2017
Top Imports from Port of Olympia, Wash.
Total Imports: $5.15 million
|1||Precious metal ores, concentrates||$2,597,293|
|4||Aircraft engines, engine parts||$47,602|
|5||Hats, headgear, knit, lace||$37,055|
|6||Misc. plastic articles||$33,590|
|7||Cell phones, related equipment||$21,306|
|8||Transmission shafts, bearings, gears||$14,440|
|9||Exports returned, without change||$6,304|
|10||Pumps for dispensing liquids||$6,126|
Through November it’s top five exports by value November were Wood in the rough, stripped or not of sapwood, etc; Live cattle; Insulated wire, cable; Iron and steel bars, in coils; and Almonds, walnuts, pistachios, hazelnuts, etc., in that order. Those accounted for 97.95 percent of its total outbound trade. The value of the Port’s top five imports November were Precious metal ores, concentrates; Corn; Aircraft parts; Aircraft engines, engine parts; and Hats, headgear, knit, lace, accounted for 97.86 percent of all inbound shipments.
Looking more closely at Port of Olympia, Wash.’s exports:
- Wood in the rough, stripped or not of sapwood, etc fell 8.5 percent compared to last year to $98.67 million.
- Live cattle totaled $6.75 million. The previous year, there were no exports in this category.
- Insulated wire, cable totaled $651,704. The previous year, there were no exports in this category.
- Iron and steel bars, in coils totaled $285,545. The previous year, there were no exports in this category.
- Almonds, walnuts, pistachios, hazelnuts, etc. totaled $253,748. The previous year, there were no exports in this category.
On the import side:
- Precious metal ores, concentrates totaled $2.6 million. The previous year, there were no imports in this category.
- Corn fell 79.29 percent compared to last year to $2.11 million.
- Aircraft parts rose 222.71 percent compared to last year to $250,035.
- Aircraft engines, engine parts totaled $47,602. The previous year, there were no imports in this category.
- Hats, headgear, knit, lace totaled $37,055. The previous year, there were no imports in this category.
Last year Port of Olympia, Wash. posted total trade with the world of $129.49 million. The Port’s surplus was $101.94 million . At the end of the year, the region’s top five partners were Canada, Iceland, Germany, United Kingdom and The Netherlands. Exports totaled $115.71 million and imports came to $13.77 million.