PH Ports post 30% drop in the First quarter cargo volume

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by admin ● June 26th, 2015,11:09 am

Cargo throughput handled by Philippine ports in the first quarter declined 30.02% to 31.181 million metric tons (mmt) from 44.559 mmt recorded in the same period last year. Data from the Philippine Ports Authority (PPA) showed that of the total cargo volume handled by the ports it supervises, 51% or 15.827 mmt were foreign cargoes while 49% or 15.354 mmt were domestic shipments. Foreign shipments in the first quarter fell 36.9% in volume to 15.827 mmt from 25.065 mmt in the same period last year. Imports slipped 24.8% to 11.481 mmt from 15.277 mmt, while exports significantly dropped 55.6% to 4.346 mmt from 9.789 mmt last year. Domestic cargoes declined 21.2% to 15.354 mmt from 19.493 mmt last year.

According to PSA, The decreases mirror the slip in the value of imports and exports reported by the Philippine Statistics Authority (PSA) in the first quarter. Imports declined 4.1% to US$15.682 billion from $16.348 billion, while the value of exports dipped 0.2% from $14.277 billion in 2014 to $14.247 billion in same period of 2015.

Manila International Container Terminal (MICT) handled the highest volume of international cargoes during the period with 5.063 mmt, 3% lower than the 5.219 mmt recorded last year.

Following MICT is Manila North Harbor, which handled 3.887 mmt of domestic cargoes. This is 3% higher than the 3.771 mmt serviced last year.

The port of Cagayan De Oro, which handled mixed cargoes, reported a 20.2% increase in volume to 1.276 mmt from 1.062 mmt last year.