Cargo exports volume dropped, imports increased

By Jenica Faye Garcia

Feb 07, 2023 12:16 am

Foreign cargo volumes slipped 3 percent to 160 million metric tons (MMT) from 165 MMT in 2021. The low exports highly contributed to this as total exports declined 11 percent, from 70 MMT in 2021 to 62 MMT in 2022. While imports increased 3 percent from 94 MMT in 2021 to 97 MMT in 2022.

The PPA's report accounted a total cargo volume of 261 million in 2022, compared to the 262 MMT in 2021; Luzon ports accounted for 54.4 percent or 142 MMT; Visayas ports accounted 16 percent or 44 MMT; and Mindanao ports accounted 28.7 percent or 75 MMT.

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