Port of Melbourne Trade Update – October 22

October container volumes increase on the prior year

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Increased container volumes are noted comparative to October 2021.

October 2022 saw total container throughput (full and empty) up 15.6% over October 2021 with a total of 295,149 TEU.  Year to date container volumes are up 9.3%.

Full overseas imports were up 11.9% on October 2021 with domestic appliances, non-electrical machinery, ceramic goods, clothing, miscellaneous manufactures and metal manufactures all above last year’s volumes.  Full overseas exports were up 11.0% on October 2021, with wheat, cottonseed, raw cotton, malt, meat and nuts (almonds) all above last year’s levels.

Total empty container movements were 37.9% above October 2021.

October 2022 trade performance compared with October 2021 was as follows:

Full overseas container imports (excl. transshipments)11.9% above October 2021

10.0% above FYTD22

Full overseas container exports (excl. transshipments)11.0% above October 20215.7% above FYTD22
Total empty containers moved37.9% above October 202116.2% above FYTD22
Bass Strait full container trade (excl. transshipments)3.6% above October 20212.3% below FYTD22
Full container transshipments8.1% above October 20214.5% above FYTD22
Dry bulk trade13.4% above October 20215.7% below FYTD22
Break bulk trade22.2% above October 202110.5% above FYTD22
Liquid bulk trade8.3% above October 202111.2% above FYTD22
Motor vehicle imports27.9% above October 2021

Trade outlook

Container trade for November 2022 is tracking below the comparative month in 2021.

Supply chain

Globally, port congestion is improving, but remains higher than pre-Covid averages with some ongoing disruption. Container freight rates continued to decline throughout October, although still remaining above pre-pandemic levels.

Locally the supply chain remains resilient, with minimal congestion and we continue to monitor the situation.

Please call your Port of Melbourne contact or email us at information@portofmelbourne.com if you have any queries.