Consumer spending boosts Port of Oakland’s container volumes
News“The trends continued in February. Consumer demand remains strong in Northern California & Rocky Mountain states for imports and in Asia for the exports.”
Port of Oakland container volume continues to rise
The increase in export volume can be partially attributed to consumer demand in Asia remaining high for U.S. agricultural exports.
The Port of Oakland‘s January container volume continues its upward trajectory, following a trend first seen in 2023. Full imports increased 8.2%, with the Seaport handling 72,081 TEUs (twenty-foot containers) in January 2024, versus 66,637 TEUs in January 2023.
Full exports saw an increase of 9.3%, with 62,596 TEUs transiting the Seaport in January 2024, compared to 57,279 TEUs in January 2023.
“Imports benefitted from strong consumer demand, as well as the normal seasonal uptick each January before factories in Asia closing for the Lunar New Year,” said Port of Oakland Maritime Director Bryan Brandes.
Empty imports declined 1.1%, with 17,117 TEUs passing through Port facilities in January 2024, in contrast to 17,299 TEUs in January 2023.
Empty exports also dropped 24.5%, with the Seaport handling 28,694 TEUs in January 2024, compared to 38,014 TEUs in January 2023.
Link to Port of Oakland container volume data: https://www.