Port of Oakland reports 2.1 percent increase in export volume
Weak dollar, gains in beef and pork shipments spurred growth last month
Oakland, Calif. - Feb. 15, 2018: The Port of Oakland today reported that containerized export volume in January increased 2.1 percent from the same month a year ago. It was the second consecutive month of export growth at the Port.
The increase follows a 1.8 percent decline in Oakland exports during 2017. The Port said a weakening dollar contributed to the January increase. American products are more affordable overseas when the dollar’s value declines.
The Port said exports of refrigerated commodities climbed in January. Pork exports jumped 20 percent last month when compared to January 2017. Beef shipments were up 18 percent.
The Port is currently constructing Cool Port, a 283,000-square-foot refrigerated distribution center to bring more U.S. meat products to Asia. The facility is scheduled to open in August.
“The Port of Oakland and its maritime partners have made key investments to increase refrigerated exports,” said Port of Oakland Maritime Director John Driscoll. “We expect volumes to increase as we open our new facilities.”
The Port of Oakland reported a 4.3 percent increase in overall container volumes last month compared to January 2017. That was due largely to the increase in empty containers. For more details about the Port of Oakland’s monthly container statistics, please click here.
About the Port of Oakland
The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront including Jack London Square. 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.
Port of Oakland
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Port of Oakland