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Brexit impact on Dublin Port: Cargo volumes dropping

Brexit has been cited as the main reason for a drop-off in the volume of cargo moving through Dublin Port through the first nine months of the year.

Although the number of containers and trailers travelling through the port was down just 0.5% in the period, overall cargo volumes fell by 3.3% in the nine months to the end of September compared with the same period last year. A 5.4% decline was observed in the third quarter of the year alone.

According to the Dublin Port Company, the drop is mainly due to a large 21% decline in trade with ports in Great Britain in the first nine months of the year. Trade with European ports, meanwhile, has increased by 36% this year as businesses increasingly look to bypass the UK landbridge to Europe by trading with the continent directly.

The switch means that trade with Great Britain now accounts for just over half of the units moving through Dublin Port. Before Brexit, that figure was closer to two-thirds.

Source: thejournal.ie


Photo source: Dreamstime.com


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