Proceedings Of The Marine

SUM 2016

Proceedings magazine is a communication tool for the Coast Guard's Marine Safety & Security Council. Each quarterly magazine focuses on a specific theme of interest to the marine industry.

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Page 10 of 78

8 Proceedings Summer 2016 In the NOAA Report on the U.S. Ocean and Great Lakes Economy, it was esti- mated that, taken together, the six economic sectors defined as the water- borne economy in coastal communities (living resources, marine construction, marine transportation, offshore min- eral extraction, ship and boat build- ing, and tourism/recreation) gener- ated $343 billion in GDP and employed 2.9 million people. Of the six sectors, tourism/recreation and offshore min- erals industries are the frontrunners in terms of the levels they contribute to the "waterborne" economic activities of coastal communities. 8 Tourism and Recreation The ocean-based tourism and recre- ation sector accounted for the most economic activity in our coastal communities, according to the NOAA Report on the U.S. Ocean and Great Lakes Economy. Industries included in the NOAA analysis were eating and drinking places, hotels and lodging, scenic water tours, aquariums, parks, marinas, boat dealers, recreational vehicle parks and campsites, and associated sporting goods trade, in 2014 (see table 2). Though the share of waterborne trade to total U.S. trade has declined during the past few years, it is still higher than it was a decade ago; in 2014, the share was 44.1 percent compared to 42 percent in 2004. 6 Coastal Community Economies Another way to measure the waterborne economy is to explore how industries con- tribute to the U.S. economy through their engagement in economic activity in coastal communities. The close prox- imity of these communities to major waterways means much of their overall eco- nomic activity in these areas can be attributed to the value of the waterborne economy. According to the National Oceanic and Atmospheric Ad m i n i st rat ion (NOA A) "National Coastal Population Report," about 40 percent of the nation's population resides in shoreline coastal communities, and many of these communities rely on waterborne goods and ser- vices to support their econo- mies. 7 Waterborne Foreign Trade Through the Top Ten U.S. Custom Districts (Billions of U.S. Dollars) The top five custom districts in terms of waterborne trade are Los Angeles, Houston-Galveston, New York City, New Orleans, and Savannah. These top five custom districts handled 61.6 percent of all U.S. waterborne trade in 2014. Altogether, the top 10 custom districts were responsible for 82 percent of total U.S. waterborne exports and imports in 2014. U.S. Custom District 2013 2014 Total Trade Exports Imports Total Trade Exports Imports All U.S. Ports 1,746.9 598.3 1,148.6 1,750.9 600.2 1,150.7 Los Angeles, CA 409.7 81.4 328.3 409.8 78.6 331.2 Houston-Galveston, TX 229.7 119.5 110.2 228.5 121.3 107.2 New York City, NY 202.3 53.2 149.1 207.8 52.9 154.9 New Orleans, LA 138.7 64 74.7 130.9 65.5 65.4 Savannah, GA 90 32.7 57.3 101.5 33.7 67.8 Seattle, WA 90.1 26.6 63.5 85.5 26.3 59.2 San Francisco, CA 72.4 25.1 47.3 76.3 26.4 49.9 Norfolk, VA 67.1 29.7 37.4 71.6 30.6 41 Charleston, SC 65.1 24.4 40.7 71.4 26.7 44.6 Baltimore, MD 52.6 20.9 31.7 52.5 18.6 33.9 Note: Top ten custom districts selected based on 2014 total trade. Source: U.S. Census Bureau, Foreign Trade Division ( Table 2 continued on page 10 Figure 1

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