Port of Oakland exports up with help from China’s neighbors
Despite tariffs, cargo volume climbs thanks to South Korea, Japan and Taiwan
Oakland, Calif. – July 25, 2019: Containerized export volume at the Port of Oakland increased in the first half of 2019 thanks to China’s neighbors. Port data released today showed double-digit export volume percentage increases through June 30 to South Korea, Japan and Taiwan. Trade with those three nations alone offset a 17 percent drop in exports to China, the Port said.
Exports to China have dropped by the equivalent of 14,000 20-foot cargo containers this year, the Port said. China is Oakland’s largest trading partner. On the other hand, shipments to South Korea are up 10,000; Japan 7,000; and Taiwan, 3,000.
The trade numbers indicate that Oakland exporters are countering the effects of Chinese tariffs imposed on U.S. shipments. The result: Oakland exports have increased year-over-year in each of the past four months. For all of 2019, export shipments are up 2.4 percent over the first six months of last year.
“This is testament to the resilience and ingenuity of our customers,” said Port of Oakland Maritime Director John Driscoll. “They’re finding the means to overcome debilitating trade barriers.”
Scrap paper exports to Asia have declined 34 percent in 2019, the Port said. That’s due mainly to tighter Chinese restrictions on waste product shipments. The big 2019 gainers among Oakland export commodities: agricultural products including almonds, meat, oranges and hay.
About the Port of Oakland
The Port of Oakland oversees the Oakland Seaport, Oakland International Airport, and nearly 20 miles of waterfront including Jack London Square. The Port's 5-year strategic plan - Growth with Care - pairs business expansion with community benefits, envisioning more jobs and economic stimulus as the Port grows. Together with its business partners, the Port supports more than 84,000 jobs in the region. Connect with the Port of Oakland and Oakland International Airport through Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.