Boston: International trade volume continues its upward trajectory after hitting lows in early 2022

TEU Volume History at the Port of Boston

graph of TEU Volume History at the Port of Boston, segmented by import, export, EU and APAC, monthly Feb 2018 to May 2023
  • After reaching a nearly all-time low in 2022, the import/export volume through Boston’s Conley Terminal port has experienced a significant increase in TEU (Twenty Equivalent Units/Cargo Containers) volume. This uptick suggests that the market's health is approaching pre-pandemic levels.
  • Following a nadir of 4 in April 2022, the total count of vessel arrivals and departures in Boston reached a highpoint of 22 in May 2023. This trend is likely attributed to the harbor dredging project, aimed at augmenting the capacity of New England's largest port. This enhancement enables a greater number of vessels to occupy the space concurrently.
  • The heightened trade volume is driving greater demand for supply chain-oriented operations, particularly in warehouse and distribution assets.

 

Source: Massachusetts Port Authority (MassPort)

Since Jan 2018

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