The Port of Vancouver released information this week confirming successful numbers in 2018, from cargo tonnage to imports and exports. The port also confirmed it anticipates additional growth in 2019 with autos, steel, minerals, wind energy components and grain.
Total imports were reported with a 6.2 percent increase, while exports showed a 8.7 percent overall growth rate in 2018 thanks to an increase in corn and copper concentrate exports following increased demand in Asia.
The port also confirmed 8.1 million metric tons of record-breaking cargo tonnage, making it the fifth consecutive year of record-breaking cargo tonnage and contributed to increased operating revenue.
“By continuing to invest in critical infrastructure and diversifying our portfolio of cargoes and customers, we were able to deliver another record year during a time of significant uncertainty in global trade,” said port CEO Julianna Marler. “It’s a testament to the hard work of our staff, customers and labor partners, whose daily efforts keep cargoes moving and lend vitality and stability to our local and regional economies.”