Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Vancouver Container Imports Hit 20-Month HighFriday, June 25, 2010 > 10:10:57
(Journal of Commerce Online)
A 41.4% gain in May highlights new highs for imports and exports
Containerized imports at Canada’s Port Metro Vancouver grew 41.4% in May to the highest level in 20 months, according to the Vancouver Fraser Port Authority.
The expansion in May over the same month a year ago marked Vancouver’s sharpest growth since February, when the Winter Olympics helped push a 43% surge in goods coming into the port. But the May expansion came amid a broader improvement in shipping demand that helped Vancouver to its busiest month for container trade since the economic downturn.
Containerized imports grew 9.3% above the level Vancouver reported in April, and the 108,666 laden imported TEUs were the most Canada’s largest port has handled since September 2008.
Export trade also reached its highest level in a year even though containerized exports fell on a year-over-year basis 4.4%, the fifth straight monthly decline compared to last year. But the exports grew on a sequential basis 10.3% and the 85,548 TEUs marked the highest number Vancouver has seen since May 2009.