The Port of Vancouver USA has logged its fifth consecutive year of record tonnage.
Vancouver, in Washington USA and not British Columbia Canada, handles bulk, autos and breakbulk. Cargo tonnage for 2018 at the port reached 8.1 million metric tonnes, up 8.3% on the 7.5 million metric tonnes handled in 2017. 2018 is the fifth consecutive year of cargo growth for the port.
Total imports increased by 6.2%, climbing from 1.24 million metric tonnes in 2017 to 1.32 million metric tonnes in 2018. Steel commodities continue to be the largest import cargo at the port by volume, and in 2018 the port moved 830,912 metric tonnes (+16.9%) of steel products. The total import tonnage figure also includes autos, where the port’s main customer, Subaru, imported 91,544 vehicles in 2018 (+4.1%). The port also handled 1,324 metric tonnes of windmill components in 2018.
On the export side, cargo throughput was up 8.7% to 6.79 million metric tonnes. Corn exports jumped 61.3% and copper concentrate was up 40.7% percent, thanks to continued strong demand in Asia.
“By continuing to invest in critical infrastructure and diversifying our portfolio of cargoes and customers, we were able to deliver another record year during a time of significant uncertainty in global trade,” said port CEO Julianna Marler. “It’s a testament to the hard work of our staff, customers and labor partners, whose daily efforts keep cargoes moving and lend vitality and stability to our local and regional economies.”
The increase in cargo throughput pushed up the port’s operating revenue from $36 million to $38 million in 2018. While US container ports are increasingly nervous about a slow down, Vancouver is that it will see continued growth in autos, steel, minerals, wind energy components and grain in 2019.