Cargo volume decreased by 4.5% in first quarter as COVID-19 hit shipping industry

State-run Philippine Ports Authority said Monday passenger traffic and cargo volume fell in the first quarter amid the outbreak of the coronavirus disease 2019.
 
Data from PPA showed that total cargo volume reached 56.70 million metric tons from January to March, down by 4.49 percent from 59.37 million MT registered in the same period last year.
 
Domestic cargoes dropped 3.26 percent in the first quarter to 25.44 million MT from 26.30 million MT a year ago, while foreign cargoes decreased 5.4 percent to 31.26 million MT from 33.06 million.
 
The PPA said import cargoes fell 5.8 percent to 23.24 million MT from 24.68 MT, while export cargoes declined 4.4 percent to 8.01 million MT from 8.38 million MT.

 
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