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Vancouver loaded exports (TEU) down 9%. Could this be a recession signal?

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  • Aug 20th, 2021 11:03 am
[OP]
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Jun 10, 2015
227 posts
83 upvotes
Canada

Vancouver loaded exports (TEU) down 9%. Could this be a recession signal?

I noticed this while reviewing the cargo data. Loaded exports are down 9% (vs. first 7 months of 2020). Somewhat interesting given that 2020 was already a bad year. Is this just a statistical aberration or is something else at play? July in particular was a bad month for exports and it was the lowest monthly total since 2009.

Compared to the first 7 months of 2019, exports are down 16%.

SeaTac loaded exports (TEU) are down 12% (vs. first 7 months of 2020). However, some other West Coast ports declines are not as substantial.

https://www.portvancouver.com/wp-conten ... y-2021.pdf

https://www.portvancouver.com/wp-conten ... y-2021.pdf

https://www.portvancouver.com/wp-conten ... o-2020.pdf
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Dec 12, 2009
25186 posts
14916 upvotes
Toronto
The supply chain issues certainly can extend the current inflation woes. Not sure that inflation will necessarily lead to recession unless the central banks start tightening really fast.
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