Washington's Trade Relationship with Asia: An NWSA Perspective (Sean Eagan, October 10, 2023)
Summary
Presentation by Sean Eagan, Government Affairs Director, dated October 10, 2023, titled Washington's trade relationship with Asia: An NWSA perspective, with the line "Moving Marine Cargo Together Since 2015." It lists 2022 cargo activity of 3,384,018 TEUs (-9.4%) for containers, 478,455 metric tons (+30.7%) for breakbulk/military, 286,148 units (+9.1%) for autos, and total tonnage of 24,548,956 MT (-10.3%), excluding grain. A chart of NWSA international container volumes covers 2019 through August 2023 with pre-COVID, COVID lock-down and post-COVID labels, citing factory closures, an import volume surge, record freight rates and, afterward, a freight rate collapse. The 2022 NWSA transpacific volume share is shown as China 47%, NE Asia 29% and SE Asia 24%.
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- Issuer
- Congressional materials
- Document type
- 2023 10 10 A31426 D262783 The Northwest Seaport Alliance Washington S Trade Relationsh
- Date
- 2023-10-10
- Case
- 2023 10 10 A31426 D262783 The Northwest Seaport Alliance Washington S Trade Relationsh
Cite this document
“Washington's Trade Relationship with Asia: An NWSA Perspective (Sean Eagan, October 10, 2023).”
Original at app.leg.wa.gov, dated 2023-10-10. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-10-10-2023-10-10-a31426-d262783-the-northwest-seaport-alliance-washington-s-trade-relationsh/
, SHA-256 fbcbde94c77d0018099f0b815048e53e2a0d8cf2689f6a6fc2fa68d1e92c0dc9.Full text
Washington’s
trade relationship
with Asia:
An NWSA perspective
Sean Eagan
Government Affairs Director
October 10, 2023
Moving Marine Cargo Together Since 2015
Page 2 | Title of Presentation
2022 Overview of Cargo Activities
Containers Breakbulk/Military Autos
3,384,018 TEUs (-9.4%) 478,455 Metric Tons (+30.7%) 286,148 Units (+9.1%)
Total Tonnage
24,548,956 MT (-10.3%)
*Does not include grain
Seattle
2022 North America Gateway
Rankings by TEUs (millions)
1. L.A. & Long Beach (19.0)
2. New York/New Jersey (9.5)
30 miles
Kent Valley
3. Savannah (5.9) apart Warehouse &
4. Houston (4.0) Transload
5. Norfolk (3.7) I-5 corridor Concentration
6. Vancouver, B.C. (3.6)
7. Seattle + Tacoma (3.4)
Tacoma
4
Economic Impacts: Jobs
Page 5 | Title of Presentation
NWSA International Container Volumes (2019-Aug 2023)
Pre-COVID COVID Lock-Down Post-Covid
160,000 COVID
• Factory Closures
140,000 • China Supply Chain Challenges
CHINA
= Service Suspensions/Void Sailings
120,000 = Limited Export Capacity
NE ASIA LOCK-DOWN
SE ASIA
100,000 • E-commerce Growth
• Federal Stimulus
80,000 2018 • Demand/Import Volume Surge
• Record Freight Rates
60,000 = Port & Supply Chain Congestion
= Export Equipment Shortages
40,000 POST-COVID
• Bloated Retail Inventories
20,000 • Historic Inflation/Rate Hikes
• Excess Vessel Capacity
0 • Freight Rate Collapse
JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL = Declining Volumes
= Service Suspensions/Void Sailings
2019 2020 2021 2022 2023
Imports Exports Empties
2022 NWSA Top 10 Origins & Destinations
NWSA Top 10 Origin Countries NWSA Top 10 Destination Countries
(Container Volume, Foreign Full TEUs) (Container Volume, Foreign Full TEUs)
8
NWSA Transpacific Trade – Volume Trends
Shifts in Trade by Subregion 2013-2022
1,200,000
1,100,000 NE ASIA
2022 NWSA Transpacific
1,000,000
CHINA
Volume Share
900,000
800,000 NE Asia
700,000 29%
600,000
TEUs 500,000 China
47%
400,000
300,000 SE ASIA
200,000
SE Asia
100,000 24%
0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
CHINA NE ASIA SE ASIA
Source: PIERS (Foreign Full TEUs)
NWSA Market Initiatives
Market Promotion
• Emerging Market Webinar Series (Vietnam, Thailand)
• Native Language Newsletters
• Customer/Stakeholder In-Country Promotion
• Ocean Carrier/Shipper Outreach
For questions, contact:
Sean Eagan
Government Affairs Director
seagan@nwseaportalliance.com
File and source
- File
- 2023-10-10_a31426_d262783_the-northwest-seaport-alliance-washington-s-trade-relationsh.pdf
- Size
- 1,855,459 bytes
- SHA-256
- fbcbde94c77d0018099f0b815048e53e2a0d8cf2689f6a6fc2fa68d1e92c0dc9
- Original
- app.leg.wa.gov