Trade and Jobs - Millennium Bulk Terminals

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Trade and Jobs - Millennium Bulk Terminals
Millennium Bulk Terminals
Trade and Jobs
A TRADITION OF TRADE
Washington state has a rich tradition as a leader in international
trade. Trade is at the center of our state’s economy, placing
Washington at the forefront of the global economy. In fact,
Washington is the most trade-dependent state in the nation.
FAST FACTS ABOUT TRADE
WASHINGTON’S EXPORT ECONOMY
In 2013, the value of Washington’s
exports grew by $6 billion.
(TOTAL DOLLAR VALUE)
$80
$81.64
$75.61
$70
billion
billion
billion
$50
$40
$51.8
billion
90 percent of Washington’s exports are
from small to medium-sized businesses,
those with less than 500 employees.
$53.3
billion
Seattle/Tacoma combined is the third
largest shipping port in the United States
after Los Angeles/Long Beach and New
York/ New Jersey.
$30
About 533 million tons of freight was
moved in Washington in 2010. That is
expected to grow by about 86 percent
by 2040.
$20
$10
According to the Trade Development
Alliance of Greater Seattle, Washington
state exports three times as much as the
average state.
401,879 U.S. jobs supported by exports
from Washington in 2013.
$64.6
$60
The Columbia River is the largest export
gateway for wheat and barley in the U.S.,
and the largest export gateway of bulk
lumber and minerals on the West Coast.
2009
2010
2011
2012
2013
ECONOMIC BENEFITS - JOBS MATTER
41 percent of Washington jobs are trade-dependent, a higher percentage
than any other state.
More than 12,510 companies export goods from Washington state.
Washington’s most prominent businesses, including Boeing, Microsoft,
PACCAR and Starbucks, rely on international trade to remain successful
and create jobs in Washington state.
THE BOTTOM LINE FOR WASHINGTON TRADE
International exports account for 20 percent of Washington’s gross
domestic product (GDP).
Washington state ranks near the top in exports per capita by state.
WASHINGTON’S GLOBAL REACH - TOP COMMODITY EXPORT COUNTRIES
(TOTAL DOLLAR VALUE)
2011 2012 2013
$16.71 bil
$17
$16
$15
$14
$13
$12
$11
$10
$9.00 bil
$7.04 bil
$9
$8
$7
$6
$3.88 bil
$5
$4
$2.70 bil
$3
$2
$3.20 bil
$2.71 bil
$2.10 bil
$2.70 bil
$1.50 bil
$1
United
Kingdom
Australia
Germany
Hong
Kong
Mexico
South
Korea
UAE
For more information: www.millenniumbulk.com
Canada
Japan
China

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