The Philippines consists of a mixed economy that is among Asia’s top rapid growing economies. The country is a member of APEC, ASEAN as well as WTO. Having an economic freedom score of 63.8, it ranks as the 70th freest economy in the world.
The country’s economy is the 34th largest in the world by GDP, 13th largest in Asia and 3rd largest in ASEAN. Its economy continues to grow and perform strongly following robust public investment, and this is a reason to help you take advantage of sea and air freights in the country. This is boosted by the agriculture, service and industry sectors.
Being among the major pioneers of free trade in Southeast Asia, the country engages in foreign trade to support its emerging economic market. Its major trade partners include China, Japan, the United States, South Korea, Singapore, Thailand, among others. The Philippines holds trade agreements with some of these countries like China and Japan among others.
Philippines oversees an extensive sea freight forwarding in most ports of the country, of which the biggest ones are described below:
Situated in Tondo area and the Port Area, Manila in the Philippines, this port occupies an area of 137.5 hectares. It was established in the 12th century and is the largest and busiest seaport in the Philippines.
The port has a state-of-the-art infrastructure with 22 berths. It handles cargo tonnage of more than 75 million and container handling of more than 4.5 million TEUs. It has good road connections to other regions in the Philippines with plans on rail connections to reduce congestion and improve transport efficiency.
This port’s first construction began in 1885. It is located in Subic Bay and managed by the Subic Bay Metro politician Authority. It occupies 41 hectares with its harbor spanning to 13.7 meters. Cargo throughput in this port is 3 million.
The port connects to other regions in the Philippines by rail and road.
The port is located at Melbourne, Victoria and is currently the largest port for container and cargo trade in Australia. Since the 1st of July 2003, management of the port is handled by the Port of Melbourne Corporation. Currently, the port covers a total of 500 hectares of port land. It does over 30 commercial berths and controls around 36% of Australia's container trade.
Below describes an overview of air freight forwarding in major airports of Philippines.
Formerly known as Manila International Airport, this airport was built in the 1930s. It is located in Manila.
The airport has four terminals for cargo handling which span over 331,000 square meters. It handles about 524,000 metric tons of cargo. The airport has a good road connection to other regions of the country.
Built in 1956 by the US Air Force, it spans over an area of 797 hectares. The airport is located in Lapu-Lapu City within Mactan Island. It handles cargo amounting to more than 50,000 tons and has plans on improving its infrastructure for more cargo capacity.
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