Port of Oakland import business continues to grow, increasing 6.3 per cent in February 2022 compared to February 2021.
Exports declined 10.3 per cent over the same period.
The figures indicate continued strong US consumer demand for goods manufactured overseas, the port said.
The port added that it’s waiting to see results from recent measures implemented to stimulate exports.
“We’re gratified by the strength of the import business moving through Oakland,” said Port of Oakland Maritime Director Bryan Brandes.
“And we’re certain that export totals are going to pick up as we increase capacity to transport U.S. products overseas.”
According to recent data, Oakland handled the equivalent of 169,000 TEU import containers in January and February.
At that pace, the Port would break its all-time record of 1 million import loads set in 2021.
Imports have accounted for 58 per cent of Oakland’s loaded cargo volume so far in 2022, the Port said. This is the highest import ratio at the Port in decades.
Export cargo has been hampered by a container shortage and space constraints on crowded ships, the Port said.
The Port said terminals are unloading an average of 2,809 containers on each ship at berth – slightly ahead of last year’s record pace of 2,497 containers per ship.
