Record volume of cargo will pass through the Port of Vancouver in 2023

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Grains, canola and crude oil led the increase in bulk exports. On the other hand, a decrease in exports of forest products and fertilizers had a negative impact on the data. (File photo)

The Canadian Press

A record volume of goods passed through the Port of Vancouver last year, despite an economy world in difficulty and a sharp decline in container shipments.

The Vancouver-Fraser Port Authority said Friday that 150.4 million tonnes of bulk and containerized cargo passed through the docks of the largest country's port in 2023, an increase of 6% from the previous year.

Bulk exports, such as grains and oil, as well as container exports and automobile imports were behind the increase. However, a slowdown in demand has led to a drop in container imports.

It's been a mixed year at the Port of Vancouver, with growth in some sectors and a slowdown in others, said the Vancouver-Fraser Port Authority in a press release.

Although container volumes moving through the Port of Vancouver declined in 2023, the Canadian container sector remains on a long-term growth trajectory and we saw encouraging signs of recovery in the fourth quarter as shipping volumes x27;year-on-year began to increase, added Authority President Peter Xotta.

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Economic slowdown, 13-day strike by Colombia's longshoremen -British in July and disruptions along the Red Sea and Panama Canal trade routes all posed challenges to the smooth operation of the port, he said.

Grains, canola and crude oil led the rise in bulk exports, driven by a bumper harvest and a record increase in oil production in 2017. ; Alberta. The decrease in exports of forest products and fertilizers had a negative impact on the data.

A sharp drop in household goods, a category accounting for nearly a third of items entering containers, led to an overall 12% decline in container shipments. Weaker demand for construction materials and industrial and automotive parts also contributed to the decline.

Furthermore, the number of vehicles that are entering Canada through the Port of Vancouver increased by 36% to more than 454,000.

A text by Christopher Reynolds, of The Canadian Press.