Valenciaport breaks monthly record for a Spanish port

Valenciaport has become the first Spanish port to handle more than 500,000 TEU in one month thanks to substantial increases in trade with India, Saudi Arabia, Italy, Turkey and Morocco in August.

In a statement Valenciaport said the increase in volume from these countries compensated for falls in trade with the US and China. The Port said 75% of goods it handled have shown positive growth, such as the 14% increase in containers of construction materials and 17% in food products.

In total volume rose by 7.07% year-on-year (YoY), a sharp contrast with the 19.68% slump in May. The results are positive enough for the Port to say it was passed the worst of the crisis caused by the COVID-19 pandemic.

Trade from India increased by 66% and Italy by 118% YoY. Volume from Morocco rose by 66%, Saudi Arabia by 37%, Panama by 173%, Canada 16.2% and Turkey by 8.6%.

Of the first 160 countries with which Valenciaport operates, more than 100 have presented positive figures in the movement of TEU this August compared to the same month in 2019, an encouraging figure that reflects the reactivation of commercial and industrial activity worldwide.

Valenciaport described the figure as “positive” and said it showed “a clear change in trend after the impact of the health and economic crisis generated by the COVID-19 that began in March, and which bottomed out with the May data with a 19.68% drop in containers”.

https://www.porttechnology.org/news/valenciaport-breaks-monthly-record-for-a-spanish-port/