Home Archives February 2006 Trade steps up

Trade steps up

| Print |  Email
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.

 

More Articles

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS