News
Philippine exports sustained its strong performance in 2016, propelling the country's cargo volume higher by 12% compared to its year-ago level. Export cargoes comprise 49% of the total cargo volume handled by the different ports nationwide. It increased by 23% for the entire 2016 period from 60.855 million metric tons to 74.822 million tons registered a year earlier.
Import volume, on the other hand, contributed 51% to the total after posting a 4% increase to 76.781 million tons from 73.765 million tons in 2015.
Philippine Ports Authority (PPA) data also showed 2016 Philippine cargo throughput reached 249.567 million tons or some 25.895 million tons higher than the 2015 volume of 223.672 million tons. Foreign cargoes accounted for 151.604 million tons or an increase of 12.62% versus the 134.620 million tons handled in 2015 while domestic cargoes contributed 97.963 million tons from 89.051 million tons or an improvement of 10%.
Container volume also posted positive figures rising 12% to 6.574 million TEUs from 5.861 million TEUs handled in 2015. Foreign containers inch-up 14.11% to 3.973 million TEUs while domestic boxes rose 9.28% to 2.6 million TEUs for the period in review. Total import boxes is at 2.005 million TEUs while Export containers is at 1.968 million TEUs wherein both posted increases of 15.4% and 12.8%, respectively.
