Last month was the busiest in the Port of Oakland’s 92-year history for containerized import cargo. The port said today it handled the equivalent of 90,598 TEUs in July. It was the first time ever that Oakland import volume had crossed the 90,000-container threshold in a single month. The total surpassed the port’s old monthly record of 87,207 TEUs set in June 2018.
According to the port, July import volume was up 7.5% from the same period a year ago. The port attributed the gain to strong U.S. consumer demand.
“This is the fourth-time import volume has increased in the past five months,” said Port of Oakland maritime director John Driscoll. “This demonstrates the continued strength of the U.S. economy and consumer purchasing power.”
The port reported good news on the export front, as well. Export volume jumped 10.2% last month over July 2018, the port said. It was the fifth-straight month of year-over-year gains in export volume.
The July figures come just days after the Trump Administration signaled it may impose new tariffs on Chinese imports, which could be implemented starting next month. The port said it wouldn’t project how new levies might affect Oakland trade volume. The port’s total cargo volume for all of 2019 is up 3.1% despite a lingering trade war with China.
Strong July cargo volume can foreshadow a busy peak season in container shipping. August-through-October are months when U.S. importers traditionally stock up for holiday sales. The port cautioned, however, that the trade conflict makes estimating future cargo volume difficult.