The Port of Melbourne has reached its biggest yearly container trade volume ever in 2024, marking a historic milestone.
In 2024, the port handled 3.396 million TEUs, a more than 9 per cent increase over 2023 levels.
Saul Cannon, Port of Melbourne Chief Executive Officer, said: “Port of Melbourne holds a critical position as the trade gateway for southeastern Australia and beyond.
“The significant growth in container trade underpins economic activity in Victoria, and reflects the state’s
diverse business landscape.”
Melissa Horne, Minister for Ports and Freight Hon, stated: “The record-breaking trade numbers have
delivered a boost to the economy and ensure Victorians have a secure supply of the things they rely on
every day through a strong trade gateway – that’s why we continue to back our ports and freight industry.”
READ: Port of Melbourne hits 293,000 TEUs in November 2024
The port noted that its high container commerce in 2024 was driven by a rise in import trade, notably consumer products like furniture.
Similarly, export commerce has benefited from a wide range of agricultural goods having excellent growth circumstances.
Cannon added: “There is a positive and promising trend in trade through Port of Melbourne. We
have observed a growth in total trade volumes, including container trade, which is predicted to continue
rising.”
