Earlier this week, the Northwest Seaport Alliance (NWSA) released its marine cargo economic impact report. According to the report, the combined Ports of Seattle and Tacoma — the fourth-largest container gateway on the continent — supported 20,100 jobs, $1.9 billion in labor income, and $5.9 billion in business output in 2017.
“More than 90 percent of the world’s trade travels over water, with total volume expected to triple by 2050,” said Port of Tacoma Commission President and NWSA Managing Member Clare Petrich. “NWSA ports need to be primed and ready to serve the future needs of our entire state.”
“This report confirms what we live every day, that a strong working waterfront benefits everyone in Washington state,” added Dan McKisson, president of Puget Sound ILWU (International Longshore and Warehouse Union) District Council.
Highlights from the report (numbers from 2017):
– 26.1 million metric tons (3.7 million twenty-foot equivalent units) of containerized cargo were handled
-Another 1.5 million metric tons of breakbulk and other marine cargo were handled
-700,000 TEUs were shipped domestically, 3 million TEUs were shipped internationally
-224,900 metric tons of automobiles (approximately 146,900 vehicles) were handled at the Port of Tacoma
-Automobile imports directly supported 1,330 jobs, $108.4 million in labor income, and $309 million in business output
-211,000 metric tons of breakbulk cargo, 53 million board feet of logs, 715,500 metric tons of fuel, and 36,000 metric tons of molasses were handled
-Breakbulk, logs, and other marine cargo directly supported 3,880 jobs, $292 million in labor income, and over $1 billion in business output
-For every direct job provided by the NWSA, an additional 1.9 jobs were indirectly supported throughout the state, for a total of 58,400 jobs
-Average annual income of jobs directly supported by NWSA was $95,000
-$136 million directly or indirectly generated in tax revenues for the state
Find the full report here.