Nanaimo has long been known for its stunning coastal views and entrepreneurial spirit, but one of its most significant economic drivers often goes unnoticed—the Port of Nanaimo. As Vancouver Island’s largest commercial port, it plays a critical role in supporting local industries, creating jobs, and connecting businesses to global markets.
A Thriving Economic Engine
The numbers speak for themselves. The Port of Nanaimo generates an estimated $1.2 billion in total economic output annually. Its direct operations support 2,900 person years of employment, with wages totaling $185 million. When factoring in indirect and induced effects, the port is responsible for a staggering 5,700 person years of employment and $350 million in wages.
Beyond job creation, the port fuels Nanaimo’s economy by contributing to the provincial GDP. Each year, the port accounts for $290 million in direct GDP, with a total impact of $585 million when considering its extended economic influence.
Supporting Local Industries
From forestry to manufacturing, the port serves as a crucial hub for some of Nanaimo’s most vital industries. The forestry sector alone accounts for 37% of the port’s employment, ensuring that locally produced lumber and other forest products can efficiently reach international markets. Meanwhile, the ferry, port, and terminal sectors make up another 34% of direct employment, reinforcing the importance of marine transport to the region’s economy.
Additionally, Nanaimo’s businesses benefit from the port’s well-developed infrastructure, including the Duke Point and Assembly Wharf terminals. These facilities handle cargo, containers, and a variety of bulk goods, ensuring that local manufacturers can efficiently move products in and out of Vancouver Island.
A Global Connection for Local Businesses
One of the greatest advantages the port offers to Nanaimo-based businesses is its ability to facilitate exports and imports. Companies that might otherwise struggle with costly logistics in a remote island setting benefit from the port’s seamless connections to national and international shipping networks. This access enables businesses to grow beyond local markets, expanding their reach to the U.S., Asia, and Europe.
Additionally, the port’s role in the cruise industry adds another layer of economic impact. A single large cruise ship docking in Nanaimo contributes an estimated $100,000 in visitor spending, benefitting local restaurants, retailers, and service providers.
A Catalyst for Future Growth
With continued investment and development, the Port of Nanaimo is poised to drive even greater economic benefits in the years ahead. The expansion of cargo facilities, infrastructure improvements, and enhanced logistics capabilities mean more opportunities for local businesses to thrive.
For Nanaimo, the port is far more than a transportation hub—it is an economic powerhouse that supports jobs, drives industry, and keeps the city connected to the world. In a community known for its entrepreneurial spirit, the port serves as a foundation for sustained growth and prosperity. ■