Vancouver port cargo continues record pace
The Vancouver Fraser Port Authority released the 2019 mid-year cargo statistics for goods moving through the Port of Vancouver. Between January 1 and June 30, 2019, overall cargo through the port increased 0.5% to a record 72.5 million metric tonnes (MMT) over the same time last year, with new mid-year records in containers, potash, and grain.
"This year's record mid-year cargo volumes reflect what continues to be two of the Port of Vancouver's greatest strengths-its broad global reach and ability to accommodate the most diversified range of cargo of any port in North America," said Robin Silvester, president and chief executive officer of the Vancouver Fraser Port Authority. "While Canada is certainly not exempt from the challenges impacting global trade, the diverse range of trading partners and cargo handled through the Port of Vancouver ensures the entire port remains resilient, despite variations in any one sector or commodity."
Strong global demand for Canadian grain resulted in a new mid-year record of 14.8 MMT (both containerized and bulk volumes). Increases in wheat, up 22.4%, and specialty crops, up 34.2%, more than off-set the 12.6% decrease in canola exports at mid-year, which was largely due to a 49.1% per cent decrease in canola exports to China in the first and second quarters of 2019. In fertilizers, potash exports increased 27.3% to record volumes of 5.5 MMT.
Shipping container quantities (measured by TEUs or 20-foot equivalents) also reached a new mid-year record of 1.7 million TEUs, an increase of 3.5% compared to mid-year container quantities in 2018.
In Vancouver, containers arrive filled with electronics, food, clothing and other consumer goods. They leave loaded with Canadian agri products, local wine and craft beer, B.C. forest products and lumber, among other goods. Container trade through the Port of Vancouver is essential for Canadian businesses to gain access to international markets. Approximately $1 in $3 of Canada's trade in goods beyond North America move through the port, with a significant portion of these goods moving in containers. (Photo VFPA)