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Signs of export rally at Port of Oakland: volume up 19.9 percent

Press Releases, Seaport
April 8th, 2016
For Immediate Release
April 8, 2016

Signs of export rally at Port of Oakland: volume up 19.9 percent

THREE STRAIGHT MONTHS OF GAINS FOR CONTAINER CARGO AT LEADING GATEWAY TO ASIA


Oakland, CA - April 8, 2016
: An export rally may be underway here at one of the nation's leading gateways to Asia.  The Port of Oakland said today its 2016 containerized export volume is up 19.9 percent so far over 2015. March exports were up 9.9 percent, the third-straight monthly increase in Oakland.

Port officials attributed the gains to a recent decline in the strength of the dollar.  U.S. goods are more affordable overseas when the dollar's value declines. Export volume declined for most of 2015.

"It's too soon to declare this a trend, but we're encouraged by recent signs," said Port of Oakland Maritime Director John Driscoll. "Exports are a critical component of our business."

Oakland exports are closely watched. They comprise more than half the Port's total 2016 cargo volume while other West Coast ports depend on imports.  Oakland is the leading gateway for Central Valley growers exporting to China, Japan and other Asian destinations.

The Port said total containerized cargo volume - imports, exports and empty containers - is up 18.9 percent this year. Total volume for the month of March declined 14.5 percent, the result of a drop in imports. The Port linked the decrease to an unfavorable comparison with extraordinary March 2015 volumes. That's when the floodgates opened at West Coast ports following a protracted waterfront contract dispute. The Port also said that March volume was limited by a seasonal post-Lunar New Year slowdown in imports from Asia.

To see the Port's cargo volume statistics, click here.

About the Port of Oakland
The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront. Together with its business partners, the Port supports more than 73,000 jobs in the region and nearly 827,000 jobs across the United States. Connect with the Port of Oakland and Oakland International Airport through Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.

CONTACT:

Robert Bernardo,
Communications Manager
Port of Oakland
(510) 627-1401
rbernardo@portoakland.com

Marilyn Sandifur,
Port Spokesperson
Port of Oakland
(510) 627-1193
msandifur@portoakland.com