QUANTITY AND VALUE OF DOMESTIC TRADE INCREASE DURING THE THE SECOND QUARTER OF 2017
The total quantity of domestic trade in the second quarter of 2017 was registered at 5.08 million tons, up by 7.7 percent from 4.72 million tons of the same quarter a year ago. Minerals fuels, lubricants and related materials commodities topped, in terms of quantity, with 1.33 million tons or 26.2 percent of all the traded commodities. Animal and vegetable oils, fats and waxes had the least quantity with only 0.003 million tons.
Similarly, the value of domestic trade was recorded at PHP172.67 billion. It increased by 8.8 percent from PHP158.71 billion posted in the same quarter of previous year.
About 99.99 percent of the total value commodities that flow in the country were traded by means of water and the remaining 0.01 percent is through air.
MACHINERY AND TRANSPORT EQUIPMENTS ACCOUNT FOR 39.2 PERCENT OF TOTAL VALUE OF TRADED COMMODITIES
Machinery and transport equipment commodities were the top traded commodities in the country in the second quarter of 2017 with value amounting to PHP67.81 billion. This commodity also topped during the same quarter a year ago with value of PHP58.91 billion or 37.1 percent of the total traded commodities. Food and live animals with PHP34.64 billion and manufactured goods classified chiefly by material with value amounting to PHP18.55 billion placed second and third, respectively. The rest of the traded commodities with their corresponding values in the second quarter of 2017 were the following:
Mineral fuels, lubricants and related materials, PHP16.86 billion;
Chemical and related products n.e.c., PHP11.31 billion;
Beverages and Tobacco, PHP6.85 billion;
Miscellaneous manufactured articles, PHP6.21 billion;
Commodities and transactions n.e.c., PHP5.21 billion;
Crude materials,inedible except fuels, PHP4.16 billion; and
Animal and vegetable oils, fats and waxes, PHP1.07 billion
CENTRAL LUZON SHARES 24.4 PERCENT OF THE TOTAL QUANTITY OF TRADED COMMODITIES
Central Luzon led in terms of quantity of traded commodities among the regions with 1.24 million tons in the second quarter of 2017. This was followed by Northern Mindanao and Central Visayas with 1.10 million tons and 0.60 million tons, respectively. Other regions with corresponding quantity were the following:
- Western Visayas, 0.47 million tons;
- NCR, 0.40 million tons;
- Davao Region, 0.32 million tons;
- Eastern Visayas, 0.27 million tons;
- Caraga, 0.23 million tons;
- MIMAROPA, 0.08 million tons;
- CALABARZON, 0.08 million tons;
- Bicol Region, 0.08 million tons;
- Zamboanga Peninsula, 0.06 million tons;
- SOCCSKSARGEN, 0.06 million tons; and
- ARMM, 0.04 million tons
Note: No recorded quantity in Regions CAR, I and II
OUTFLOW AND INFLOW VALUE OF TRADED COMMODITIES EXPAND IN THE SECOND QUARTER OF 2017
Outflow refers to the total quantity value of commodities which goes out of the specified region or province while Inflow refers to the total qunatity value of commodities coming in the specified region. Trade balance is the difference between the outflow and inflow.
Total inflow and outflow value in the second quarter of 2017 totaled PHP172.67 billion, an increase by 8.8 percent, from PHP158.71 billion recorded in the previous quarter of 2016. Central Visayas region registered the highest outflow value amounting to PHP34.15 billion or 19.8 percent from the total. It was followed by National Capital Region and Western Visayas with PHP31.64 billion and PHP26.97 billion, respectively.
Meanwhile, CARAGA region had the highest inflow value amounting to PHP30.13 billion in the second quarter of 2017. This translates to a percent share of 17.4 percent of the total. Cagayan Valley had the lowest inflow value at PHP18.10 million.
EASTERN VISAYAS LEADS FAVORABLE TRADE BALANCE
Seven regions (7) have posted positive trade balances in the second quarter of 2017. Eastern Visayas registered the highest positive trade balance with value of PHP12.46 billion. It was followed by Central Luzon with value of PHP11.73 billion. Other regions having the positive trade balance were the following:
- NCR, PHP10.14 billion;
- Central Visayas, PHP5.02 billion;
- Davao Region, PHP1.65 billion;
- ARMM, PHP838.86 million; and
- SOCCSKSARGEN, PHP162.85 million
On the other hand, eleven regions (9) with unfavorable trade balance during the second quarter of 2017 were the following:
- Caraga, PHP21.59 billion;
- Zamboanga Peninsula, PHP7.54 billion;
- CALABARZON, PHP6.80 billion;
- MIMAROPA, PHP1.85 billion;
- Ilocos Region, PHP1.69 billion;
- Northern Mindanao, PHP1.48 billion;
- Western Visayas, PHP541.06 million;
- Bicol Region, PHP489.61 million; and
- Cagayan Valley, PHP18.10 million
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.
The Philippine Statistics Authority (PSA) compiles domestic trade statistics from copies of coasting manifests and coastwise passenger manifest collected from the Philippine Ports Authority and copies of airway bills to generate commodity flow or domestic trade statistics. Coasting manifest were collected from major ports and other active seaports listed by the PPA all over the country to account for transactions that went through seaports.
Data on the inflow and outflow of commodities in the different regions of the country are used to construct inter-regional and inter-industry relation tables.
All copy of documents were compiled and processed by the provincial statistical offices. Final data review of the data files, generation of statistical tables, and preparation of Special Release were done at the Trade Statistics Division (TSD). All documents received as of 6 June 2017 were processed and included in the generation of 2017 First Quarterly statistical tables. Documents received after the deadline are included in the final tabulation.
The 1993 Philippine Standard Commodity Classification (PSCC) is used to classify the commodities at the 5-digit (item) for coastwise statistics and 3-digit (group) for air statistics for statistical purposes.
DOMSTAT reports from the following provinces/cities were not yet received as of 15 September 2017 and thus, were not included in this Special Release:
Mode of Transport
|April - June|
|b. Occidental Mindoro||
April - June
|c. Zamboanga del Norte||
April - June
April - May
April - June
Detailed data on domestic trade statistics are available at the Trade Statistics Division (TSD) - Economic Sector Statistics Service (ESSS) with telephone number: 376-19-75.
Limitations of Domestic Trade Statistics
The domestic trade statistics contained in this report pertains to the flow of goods through airports and seaports in the country, whether for government or private use, or for commercial purposes. Domestic trade through land was excluded because of an absence of an approach to data in the archipelagic island of the country. Moreover, data on rail transport is also excluded.
Air waybills, on the other hand, were collected from the Philippine Airlines accounting for transactions that passes through all airports.
Goods and/or commodities that were excluded in the compilation of data are:
a. Goods transported by vessels of the Philippine Navy.
b. Fish and other marine products landed directly from the sea.
c. Service cargoes for consumption of the vessel crew.