| March 2012 |
Total Exports From Seattle
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Aircraft | $6,513,125,180 |
2 | Soybeans, whether broken or not | $1,039,096,714 |
3 | Oil, not crude | $968,158,044 |
4 | Electronic integrated circuits | $593,361,854 |
5 | Corn | $399,106,105 |
6 | Motor vehicles for transporting people | $325,316,496 |
7 | Motor vehicles for transporting goods | $251,448,843 |
8 | Misc. vegetables, frozen | $196,642,503 |
9 | Fresh apples, pears | $183,014,698 |
10 | Medical instruments for surgeons, dentists, vets | $166,589,604 |
Total Imports To Seattle
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Oil | $1,845,834,506 |
2 | Aircraft parts | $911,161,932 |
3 | Motor vehicles for transporting people | $602,302,095 |
4 | TVs, computer monitors | $439,462,129 |
5 | Video games, other games | $415,257,707 |
6 | Aircraft engines, parts | $349,925,224 |
7 | Petroleum gases, other gaseous hydrocarbons | $252,201,021 |
8 | Computers | $222,252,327 |
9 | Imports of returned exports | $202,733,593 |
10 | Seats, excluding barber, dental | $199,754,366 |
| March 2012 |
Top Seattle Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $8,286,386,836 |
2 | CHINA | $6,137,331,778 |
3 | JAPAN | $4,136,084,256 |
4 | SOUTH KOREA | $1,584,778,996 |
5 | UNITED ARAB EMIRATES | $1,133,824,188 |
6 | TAIWAN | $871,526,676 |
7 | UNITED KINGDOM | $813,666,075 |
8 | SAUDI ARABIA | $782,764,361 |
9 | HONG KONG | $692,240,681 |
10 | MALAYSIA | $496,380,615 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Seattle’s trade increases 11.80 percent through March
Seattle’s trade with the world rose to $32,466,067,000 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 11.80 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 15.96 percent while imports rose 6.72 percent.
Through March the district’s top trade partners were No. 1 Canada, No. 2 China, No. 3 Japan, No. 4 South Korea and No. 5 United Arab Emirates. Through the first three months of the last year, top five spots were held by Canada, China, Japan, South Korea and Taiwan, respectively.
Taking a closer look at the leading trade partners with Seattle:
- No.1 Canada’s trade rose 6.91 percent to $8,286,386,836.
Exports rose 7.13 percent to $4,267,672,364. Imports rose 6.68 percent to $4,018,714,472. - No.2 China’s trade rose 6.62 percent to $6,137,331,778.
Exports rose 32.44 percent to $2,600,712,851. Imports fell -6.74 percent to $3,536,618,927. - No.3 Japan’s trade rose 30.32 percent to $4,136,084,256.
Exports rose 38.33 percent to $2,105,112,442. Imports rose 22.94 percent to $2,030,971,814. - No.4 South Korea’s trade rose 19.04 percent to $1,584,778,996.
Exports rose 18.82 percent to $941,794,221. Imports rose 19.35 percent to $642,984,775. - No.5 United Arab Emirates’s trade rose 387.10 percent to $1,133,824,188.
Exports rose 457.29 percent to $1,111,464,864. Imports fell -32.92 percent to $22,359,324.
Seattle’s top five trading partners through March accounted for 65.54 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.
Seattle had trade surpluses with 131 countries and deficits with 54 through March. That compares with 130 surpluses and 57 deficits for the same period one year earlier. The top three surpluses through March of this year were with United Arab Emirates, $1,089,105,540; Hong Kong, $670,004,913; and Saudi Arabia, $583,587,585. The top three deficits were with China ($935,906,076), France ($244,686,094) and Russia ($190,278,334).
Meanwhile, total U.S. trade increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700 as imports rose 5.09 percent to $43,800,507,934. The nation’s top five trade districts so far this year, by value, are New York City, Los Angeles, Houston, Detroit and Laredo. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
Seattle’s top five exports by value through March were aircraft; soybeans, whether broken or not; oil, not crude; electronic integrated circuits; and corn, in that order. Those accounted for 51.40 percent of its total outbound trade. The value of the district’s top five imports, oil, aircraft parts, motor vehicles for transporting people and tvs, computer monitorsvideo games, other games and , accounted for 30.19 percent of all inbound shipments.
Looking more closely at Seattle exports:
- Aircraft rose 48.39 percent compared to last year to $6,513,125,180.
- Soybeans, whether broken or not rose 57.53 percent compared to last year to $1,039,096,714.
- Oil, not crude rose 4.23 percent compared to last year to $968,158,044.
- Electronic integrated circuits fell -32.34 percent compared to last year to $593,361,854.
- Corn fell -16.92 percent compared to last year to $399,106,105.
On the import side:
- Oil rose 4.74 percent compared to last year to $1,845,834,506.
- Aircraft parts rose 16.11 percent compared to last year to $911,161,932.
- Motor vehicles for transporting people rose 6.30 percent compared to last year to $602,302,095.
- TVs, computer monitors fell -8.90 percent compared to last year to $439,462,129.
- Video games, other games fell -48.73 percent compared to last year to $415,257,707.
Last year the Seattle district posted total trade with the world of $128,437,820,265. The district’s surplus was $10,601,521,079. At year end, the region’s top five partners were Canada, China, Japan, South Korea and Taiwan. Exports totaled $69,519,670,672 and imports came to $58,918,149,593.