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Compensation of trade flows in Vancouver
In some segments, there were records even in the time of crisis.
In the Canadian Port of Vancouver, throughput in the first six months of 2020 moved sidewards. From 1 January to 30 June 2020, cargo flows decreased by 1.1% from 72.4 to 71.7 million t compared to the same period in 2019.
Nevertheless, new mid-year records were set for bulk and containerised grain, as well as total foreign tonnage and foreign exports. Strong global demand for Canadian grain resulted in a volume of 16.3 million t for both bulk and containerised grain, an increase of 10.4%.
Total foreign tonnage and foreign exports resulted in mid-year records of 57.7 and 49.7 million t, up 1.2% and 2.1% respectively, due to strong increases in grain, petroleum, chemicals and canola oil volumes.
Yet, several sectors experienced declines - automotive was down 34.1%, breakbulk by 17.1% and containers down 7.7% from mid-year 2019 to 1.6 million teu. Robin Silvester, president and chief executive officer at the Vancouver Fraser Port Authority, underlined the resiliency of his unit. (mw)