Seattle Shipping Boom: +45% Gain YTD from 2009
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 June (190,129 TEUs) was 49% above last year's shipping in June, and this follows year-to-year increases of 57.38% in May, 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 is above last year by 45.2%. At this pace, annual Seattle shipping in 2010 will likely exceed both last year's shipping volume of 1.58 million TEUs and the 1.70 million TEUs in 2008, and possibly even the 1.973 TEUs in 2007.