Follow us:

Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

September 3, 2014 at 10:27 AM

Seattle exports hit record high

Merchandise exports from the Seattle-Tacoma-Bellevue metro area rose 13 percent last year to record $56.7 billion, according to new data from the International Trade Administration of the U.S. Department of Commerce. That ranked the area No. 4 nationally behind Houston, New York and Los Angeles. Not surprisingly, Houston’s big showing was heavily powered by oil and chemicals.

Elsewhere in the Northwest, metro Portland came in at No. 20 out of the top 50 largest goods exporting metropolitan areas.

The oddity of the report is that the value of transportation equipment (read airplanes and components) was withheld — in one portion of the report the word “suppressed” is used. But it had to be the largest component. Other big sectors for Seattle-Tacoma-Bellevue were computers and electronic products; fishing, hunting and trapping, and machinery.

King County was the origin of $52 billion in goods exports, followed by Snohomish at $2.9 billion and Pierce at $1.8 billion. The Seattle MSA accounted for 79 percent of Washington’s exports and involved more than 5,600 companies. China remained the biggest customer, followed by Japan, Canada and Hong Kong.

You can read the entire report here.


Wednesday Reading: What Eric Cantor will really do on Wall Street | NY Mag


Today’s Econ Haiku:

Oil train protesters

Did they drive to the event?

That’s crude irony


Comments | More in Trade | Topics: Washington exports

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►