Value of Merchandise Moving through the Port of Tacoma’s Foreign Trade Zone Triples
The total dollar volume of cargo moved through the Port of Tacoma’s Foreign Trade #86 has tripled. For the U. S. federal government fiscal year 2010 (October 2009 through September 2010), the total dollar value of domestic and foreign status merchandise that moved through the Zone totaled more than $1.3 billion, up from approximately $440 million for the fiscal year 2009.
Mazda and Kia were two major users of Tacoma’s FTZ during the 2010 fiscal year, using the FTZ to process imported autos. Puget Sound International (PSI) and Norvanco International also had activated FTZ facilities for the entire fiscal year.
PSI provided FTZ services to companies involved in the storage of imported machinery, footwear, furniture and religious items. Norvanco provided FTZ services to companies involved in the storage of tableware, footwear and fabric totes.
In addition, the Tacoma FTZ also sponsored the subzone for Tesoro Refining and Marketing Company’s Anacortes Oil Refinery, for whom the total value of domestic and foreign status merchandise that moved through the Zone totaled approximately an additional $1.35 billion.
In terms of total dollar value of foreign status merchandise being admitted into a Zone, Tacoma’s FTZ ranks third among the 35 West Coast FTZ (behind Long Beach and San Diego), and 18th out of the 272 FTZs in the United States.
FTZ #86 includes 19 parcels of land that cover more than 2,250 acres of both Port land and privately-owned land. FTZ #86 was first established in 1983, and has been expanded three times over the years.
Recently, the Port applied to have its Foreign Trade Zone #86 reorganized under the U.S. Department of Commerce’s new Alternative Site Framework (ASF) program.