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Philippines Freight Transport Report Q1 2016

Philippines Freight Transport Report Q1 2016

BMI View: Overall, 2016 will be a year of mixed growth across the Philippine freight transport industry,with air freight set for a robust expansion, while road haulage will be more sedate. External headwinds willweigh on exports, but strong domestic demand and investment should support continued volume growth.

The outlook for the Philippines' trade remains mixed, in large part due to a sedate regional environmentwhich is impacting upon demand from the country's major neighbouring trade partners. Deterioratingregional demand conditions will weigh on export performance in the Philippines, acting as a drag on thePhilippine economy and adding downside pressure on the peso. Mounting concerns over the Chineseeconomy following the People's Bank of China (PBOC)'s cumulative 3.5% devaluation of the yuan inAugust could also undermine regional growth prospects, potentially contributing to rising fears of defaultrisks in the region. Despite this, we expect that the economy as a whole will remain resilient thanks to alikely uptick in fiscal spending, which should in turn support imports. We forecast real GDP growth of6.0% in 2016 and 5.9% in 2015, from an estimated 5.7% in 2015.

BMI Industry View
Freight Transport
Operational Risk
Industry Forecast
Trade Forecast
Table: Trade Overview (Philippines 2012-2019)
Table: Key Trade Indicators (Philippines 2012-2019)
Table: Main Import Partners
Table: Main Export Partners
Road Freight Forecast
Table: Road Freight (Philippines 2012-2019)
Rail Freight Forecast
Table: Rail Freight (Philippines 2012-2019)
Air Freight Forecast
Table: Air Freight (Philippines 2012-2019)
Market Overview
Company Profile
International Container Terminal Services, Inc (ICTSI)
Political Outlook
Foreign Policy
Long-Term Political Outlook
Table: Philippines Political Overview
Oil Price Outlook
Europe - Brent On Board For A Bumpy Ride
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Philippines 2010-2019)
Demographic Forecast
Table: Population Headline Indicators (Philippines 1990-2025)
Table: Key Population Ratios (Philippines 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Philippines 1990-2025)
Table: Population By Age Group (Philippines 1990-2025)
Table: Population By Age Group % (Philippines 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology

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