Quantity and value of domestic trade in second quarter of 2016 increases
The total quantity of domestic trade transactions via water and air increased by 27.0 percent during the second quarter of 2016 from 3.72 million tons to 4.72 million tons. About 99.8 percent were traded through water.
Similarly, the total value of commodities that flowed within the country increased by 39.3 percent from PHP113.93 billion in the second quarter of 2015 to PHP158.71 billion in the same period of 2016.
Machinery and transport equipment tops total domestic trade value
In the second quarter of 2016, machinery and transport equipment amounting to PHP58.91 billion (37.1%) accounted for the biggest share in value of total domestic trade. This was followed by food and live animals with PHP38.23 billion (24.1%) and mineral fuels, lubricants and related materials with PHP17.40 billion (11.0%).
During the second quarter of 2015, Food and live animals, contributed the largest value amounting to PHP34.41 billion (30.2%). This was followed by manufactured goods classified chiefly by materials with PHP19.58 billion (17.2%) and machinery and transport equipment with PHP19.22 billion (16.9%). Animal and vegetable oils, fats and waxes had the least value of PHP1.37 billion (1.2%).
Value of domestic trade highest in National Capital Region (NCR)
National Capital Region reported the highest share on domestic trade at PHP31.00 billion (19.5%) in the second quarter of 2016. Western Visayas ranked second with PHP21.67 billion (13.7%), followed closely by Central Visayas with PHP21.36 billion (13.5%), Eastern Visayas with PHP21.19 billion (13.4%), and Northern Mindanao with PHP16.80 billion (10.6%). Among regions, CALABARZON contributed the least share in value of domestic trade registering PHP156.20 million or 0.1 percent of total (Table 2).
Central Luzon shows highest positive trade balance
In the second quarter of 2016, Central Luzon posted positive trade balance at PHP12.59 billion. Other regions with a billion mark positive trade balances were:
- Davao Region, PHP9.16 billion;
- Eastern Visayas, PHP7.65 billion;
- NCR, PHP3.94 billion;
- SOCCSKSARGEN, PHP1.95 billion; and
- Northern Mindanao, PHP1.67 billion
On the other hand, Caraga registered a negative trade balance at PHP30.91 billion. Other regions with a billion mark negative trade balances include:
- Central Visayas, PHP9.11 billion
- Zamboanga Peninsula, PHP5.64 billion;
- CALABARZON, PHP4.04 billion;
- Western Visayas, PHP2.43 billion;
- MIMAROPA, PHP1.70 billion; and
- Ilocos Region, PHP1.20 billion
The Philippine Statistics Authority (PSA) compiled domestic trade statistics from copies of coasting manifests and coastwise passenger manifest collected from Philippine Ports Authority and copies of airway bills from Philippine Airlines.
Commodity flow or domestic trade statistics is a compilation of data on commodities carried through the air, rail, and water transport systems in the country. This information will enable the policy-makers to monitor domestic trade and identify the growth areas in the country.
Data on the inflow and outflow of commodities in the different regions of the country are used to construct interregional and inter-industry relation tables. These serve as bases in the formulation and implementation of various regional development programs like countryside development and port planning.
DOMSTAT reports from the following provinces/cities were not yet received as of September 23, 2016, thus, were not included in this special release:
All hard copy of documents are compiled and processed by all PSA provincial statistical offices. The final data review of the data files, generation of quarterly statistical tables, and preparation of Special Release are done in the Central Office. All documents received after the cut-off date, however, are processed and included in the generation of the annual revised statistical tables. Processing includes coding, editing, review and validation.
The Special Release of the Commodity Flow in the Philippines is posted in the PSA website three months after the reference quarter.
The 1993 Philippine Standard Commodity Classification (PSCC) is used to classify the commodities at the most detailed level for statistical purposes.
Data on domestic trade statistics are available at Trade Statistics Division with telephone number: 376-19-75, Economic Sector Statistics Service.