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August 25, 2017

Ports of Seattle and Tacoma container volumes drop 2% in July

The Northwest Seaport Alliance's (NWSA) total year-to-date container volumes increased 5 percent at the ports of Seattle and Tacoma while total volumes for the gateway declined 1 percent in July.

Year to date 2017's total international TEU volumes were the highest since 2007. Year to date, full import volumes were up 6 percent to 803,357 TEUs (20-foot equivalent units). Meanwhile, full exports were flat to 540,344 TEUs. Total international container volume, including empties, increased 9 percent year to date to 1,702,776 TEUs.

Full imports for the month of July declined 2 percent to 109,182 TEUs compared to last year. Full exports were down 13 percent to 63,599 TEUs for the month. Empty exports grew 39 percent as ocean carriers continue to reposition containers to Asia to keep pace with peak-season demand.

Total domestic volumes for the month declined 8 percent compared to the same month last year. Alaska's year-to-date volumes are down 9 percent and are expected to end the year 8 percent lower than 2016 due to soft market conditions. Hawaii volumes through the Pacific Northwest are down 5 percent year-to-date due to diversion to Southern California.

Source: NWSA