Mid-year bulk records for Vancouver
(Posted on 27/09/20)
The Vancouver Fraser Port Authority has released the 2020 mid-year statistics for goods moving through the Port of Vancouver. From January 1 to June 30, 2020, overall cargo through the port decreased by 1.1% from 72.4 to 71.7 million metric tonnes (MMT) over the same time last year. Despite an overall decrease in cargo moving through the port, new mid-year records were set for bulk and containerized grain, as well as total foreign tonnage and foreign exports.
“We are experiencing unprecedented times in Canada and across the globe as we grapple with a pandemic that is causing economic impacts, making short term predictions difficult,” said Robin Silvester, president and chief executive officer at the Vancouver Fraser Port Authority. “Despite these challenges, mid-year cargo volumes through the Port of Vancouver remained stable and Canada’s trade has continued to flow, connecting Canadians and Canadian businesses to essential goods and international markets. This resiliency is a testament to the importance of diverse trading partners, foreign markets, and a range of cargo moving through the port.”
Strong global demand for Canadian grain resulted in a new mid-year record of 16.3 MMT for both bulk and containerized grain, an increase of 10.4% or 1.5 MMT compared to mid-year grain records from the previous year. Total foreign tonnage and foreign exports resulted in mid-year records of 57.7 and 49.7 MMT, up 1.2% and 2.1% respectively, due to strong increases in grain, petroleum, chemicals and canola oil volumes.
Increases in wheat, up 7.5%, canola, up 25.6%, and specialty crops, up 10.0%, contributed to this new record. In fertilizers, potash exports decreased by 6.7% from last year’s record and sulphur increased by 5.7%.
Between January 1 and June 30, 2020, several sectors experienced declines as a result of weather conditions, trade challenges, cancelled sailings, railroad blockades and the global COVID-19 pandemic.
Along with industry and government partners across the Lower Mainland, the port authority is leading the development of more than $1 billion worth of infrastructure projects that will further strengthen its competitiveness as a West Coast trade hub and support a more fluid supply chain to and from the Port of Vancouver.
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