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Cebu ports handled 1.84% more cargoes in 2023 compared to 2022, according to updated data from the Cebu Port Authority
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Domestic cargoes grew 3.3% to 53.844 million metric tons (mt) in 2023 from 52.131 million mt in 2022
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Foreign cargo dropped 3.5% to 13.676 million metric tons in 2023
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Imports slipped 4% to 11.973 million mt while exports grew slightly by 0.6% to 1.703 million mt
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Bulk shipments accounted for 66% of total imports, containerized shipments 29%, and breakbulk the rest
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Coal remained the top imported commodity while dolomite is still the top export product
Cebu ports handled 1.84% more cargoes in 2023 to 67.52 million metric tons, up from the 66.30 million mt in 2022, according to updated data from Cebu Port Authority (CPA).
The final figure is so much less than the initially reported 4.4% volume increase released in January.
Domestic cargoes grew 3.3% to 53.844 million metric tons (mt) in 2023 from 52.131 million mt in 2022, based on the latest data.
Foreign cargoes, on the other hand, sank 3.5% to 13.676 million mt in 2023 from 14.172 million mt in 2022.
Imports, which accounted for 87.6% of the total foreign cargo, fell 4% to 11.973 million mt in 2023 from 12.479 million mt in 2022.
Of the total imports, bulk shipments accounted for 66% or 7.901 million mt, followed by containerized shipments with 29% (3.500 million mt), and breakbulk the rest (572,016 mt).
Exports, on the other hand, grew slightly by 0.6% to 1.703 million mt from 1.693 million mt in 2022.
Containerized shipments represented 55.4% of the total exports with 942,865 mt, bulk 32.6% (554,534 mt), and breakbulk the rest (205,142 mt).
Coal remained the top imported commodity, accounting for 27.8% of the total.
CPA said coal handled in the Cebu port mainly come from Japan and Indonesia.
Other top import commodities at Cebu port are clinker, which accounted for 14.81% of the total, wheat (11.99%), iron and steel products (6.95%), electrical/electronic tools (3.65%), construction materials (3.21%), trucks/vehicle replacement parts (2.19%), animal feeds and feeds components (1.98%), chemicals/plastics (1.62%), and frozen meat and meat products (1.51%). All other commodities accounted for 24.30%.
For exports, dolomite, which is shipped to Taiwan and Japan, also continued to have the biggest share of the total with 43.40% in 2023. It was followed by iron and steel products (19.90%), copper concentrate (12.50%), coal (6.85%), furniture (1.9%), handicrafts (1.8%), wooden products (1.35%), dried mango (1.1%), activated carbon and plant pots (0.94% each). All other commodities accounted for 9.29% of the total. – Roumina Pablo
