Port of Oakland Sees Strong Finish in 2023 Despite Annual Decline: Container Volume and Future Outlook

The Port of Oakland reported a strong finish to 2023, with significant year-over-year gains in both full import and export container volumes for December. Imports increased by 16.4% and exports by 12.9% compared to December 2022. The port's overall container traffic in 2023, however, was down 11.6% from the previous year. This decline was partly offset by rerouted container activity due to drought-related limitations in the Panama Canal. Despite the overall annual decrease, the port is optimistic about 2024, focusing on modernization and emission reduction.