The Vancouver Fraser Port Authority has reported a historic surge in cargo movement during the first six months of 2025. Handling 85 million metric tonnes, Canada’s largest port saw a 13 per cent increase compared to the same period in 2024. This remarkable growth highlights Vancouver’s pivotal role in strengthening Canada’s global trade network amid shifting international trade dynamics.
Crude Oil and Canola Exports Drive Growth
One of the most significant contributors to this increase was crude oil exports, which rose nearly five times from last year. This jump followed the launch of the Trans Mountain pipeline expansion in May 2024. China emerged as the primary buyer, accounting for about 60 per cent of crude shipments.
In addition to oil, canola oil exports climbed 72 per cent, reaching 700,000 metric tonnes. These exports expanded beyond traditional markets like China and the United States, showcasing Canada’s growing success in diversifying agricultural trade.
Container and Cruise Activity Trends
The port’s four container terminals also contributed positively, with a six per cent increase in year-over-year volumes. However, cruise ship passenger visits declined by nine per cent, following record-breaking numbers in 2024. This dip reflects a slight cooling in the tourism sector, contrasting with the strong performance of cargo operations.
With Vancouver handling more cargo than Canada’s next five largest ports combined, its strategic importance cannot be overstated. As President and CEO Peter Xotta emphasized, the Port of Vancouver is central to helping Canadian businesses expand their reach beyond the United States, especially in light of new trade barriers under U.S. policies. By enabling trade with 170 countries, the port continues to position Canada as a competitive and resilient global trading partner.
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Source: GLOBAL NEWS
