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|Wednesday, February 01, 2006|
Strong housing markets deserve much of the credit for the recent strength of the Paciﬁc Northwest economy. But don’t overlook the importance of growing international trade. New state-level data on 2005 merchandise exports show the Paciﬁc Northwest on pace to break by a wide margin 1999’s record of $52.4 billion in exports.
Washington exports are turning around due to resurgent production at Boeing. Aircraft, because of their high value, tend to overshadow other Washington exports. Aircraft accounted for two-thirds of Washington’s 2002 exports, 58% of 2003’s total and 51% of 2004’s.
After aircraft, Washington’s big export categories include (among others) cereals, electrical and industrial machinery, wood exports grew at a strong 22% in 2003 and 17% in 2004. Japan, Canada, China, Taiwan and Korea were Washington’s leading 2004 export destinations.
After a red-hot 2004 (exports were up 39%), Idaho’s export growth slowed in 2005. The top three categories of Idaho exports in 2004 all were related to high tech: digital integrated circuits — think Micron Technology memory chips — plus computer parts and other integrated circuits. The United Kingdom was Idaho's top 2004 customer, followed by Canada, Singapore, Taiwan and Japan.
Oregon had the slowest export growth in the ﬁrst three quarters of 2005. Computer logic chips made by Intel factories in Oregon are among the state’s leading exports. Oregon high-tech exports have yet to recover fully to the peak reached in 2000, the year of the dotcom bubble burst. Top destinations for Oregon exports in 2004 were, in order, Canada, Japan, Korea, China and the Philippines.
In another aspect of international trade, traﬃc continues to rise at the West Coast’s principal container ports. Through October, the Port of Seattle handed 1.12 million 20-foot equivalent containter units (or TEUs), up 29% from the corresponding 2004 stretch. At the Port of Tacoma, TEU traﬃc was up 17%.
— Excerpted from Marple’s Paciﬁc Northwest Letter, editor Michael Parks. For information on this biweekly report on Northwest economic trends, visit www.marples.com.
Friday, March 27, 2015
BY LINDA BAKER
Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.
Monday, April 27, 2015
BY LINDA BAKER
Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers.
Friday, March 27, 2015
BY AMY MILSHTEIN
Damian Smith bets on changing himself — and Portland — through consulting.
Thursday, April 23, 2015
BY JASON NORRIS | GUEST BLOGGER
There are winners and losers with a strengthening U.S. dollar.
Thursday, April 30, 2015
BY LINDA BAKER | EDITOR
Earlier this week we posted an article from our May issue: It’s a Man's Man’s Man’s World. The story covered the gender divide in tech from the perspective of male workers. Twitter didn’t like it.
Friday, May 22, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
The recent tragedy in Philadelphia has called attention to Amtrak and the nation's woefully underfunded rail service. Here are six facts about the Amtrak Cascades corridor between Eugene and Vancouver B.C.
Thursday, March 26, 2015
Janet LaBar, Executive director, Greater Portland Inc.
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34 spots for food, 17 places to sip, and 7 sites to choose a brew beckon visitors.