Seattle Shipping Boom: +44.3% Year-to-Date

The chart above shows monthly shipping volume (TEUs = twenty-foot equivalent units, data here) at the Port of Seattle (America’s 10th largest port, and third largest port on the West Coast). As might be expected, shipping at the Seattle port is dominated by trade with China, to the extent that more than half (56%) of the shipping volume (by dollar amount) is with China, and the almost $19 billion of shipping with China in 2009 was more than the value of shipping with the next 100 countries combined.

Shipping volume for May (198,175 TEUs) was 57.4% above last year’s shipping in May, and this follows year-to-year increases of 57.2% in April, 39.4% in March, 48.2% in February and 21.7% in January. Year-to-date, shipping volume at the Seattle port in 2010 is above last year by 44.3%. At this pace, annual Seattle shipping in 2010 will likely exceed both last year’s shipping volume of 1.58 million TEUs and the 1.7 million TEUs in 2008.

About Mark J. Perry 262 Articles

Affiliation: University of Michigan

Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.

He holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University in Washington, D.C. and an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota.

Since 1997, Professor Perry has been a member of the Board of Scholars for the Mackinac Center for Public Policy, a nonpartisan research and public policy institute in Michigan.

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