Commodity Flow in the Philippines : 1997

Reference Number: 

1999-905

Release Date: 

Wednesday, March 31, 1999

Value of domestic trade reaches P307.76 billion

In 1997, the total value of merchandise goods traded within the country amounted to P307.76 billion, posting a slight increase of 1.2 percent from P304.06 billion recorded in the previous year. The quantity also jumped to 26.54 million tons from 1996?s 25.46 million tons.

Volumewise, majority of the traded commodities was composed mainly of mineral fuels, lubricants and related materials with 8.09 million tons or 30.5 percent of the total. Manufactured goods classified chiefly by materials followed at 7.58 million tons (28.6 percent) and food and live animals at 5.02 million tons (18.9 percent).

Figure 1. Value and Quantity of Domestic Trade
Commodity Section: 1996 and 1997

Figure 1

Food and live animals registers the highest traded goods

Valuewise, food and live animals registered the highest amounting to P79.73 billion worth of goods or 25.9 percent of the total; followed by mineral fuels, lubricants and related materials with P67.83 billion or 22.0 percent of the total value that were traded within the country.

Water transport accounts for 99.7 percent

Water transport remained to be the most popular means of transporting goods with 26.47 million tons or 99.7 percent share of the total quantity of commodities were flowed to the different parts of the country worth P301.46 billion or 97.9 percent. While air transport followed at 2.0 percent or P6.21 billion pesos and the remaining share from rail transport worth 89.63 million pesos only.

Figure 2. Value and Quantity of Domestic Trade by Mode
of Transport: 1996 and 1997

Figure 2c

NCR still dominates domestic trade

By region, NCR accounted for the highest value of merchandise transported with P73.84 billion or 24.0 percent of the total. Of the receiving regions, Central Visayas accounted for the highest value of commodities shipped out from NCR amounting to P22.94 billion or 31.1 percent. This was followed by Southern Mindanao with P15.80 billion (21.4 percent), Northern Mindanao with P10.25 billion (13.9 percent), and Western Visayas with P9.81 billion (13.3 percent).

Figure 3. Regional Commodity Flow, 1997: From NCR to
Luzon, Vizayas and Mindanao

Figure 3

Visayan regions absorb most of the goods from NCR

Almost 50.1 percent or P37.00 billion worth of goods from NCR was received by the three Visayan regions while 44.6 percent or P32.95 billion worth of goods was absorbed by Mindanao regions.

Among the three Visayan regions, Central Visayas reported the highest trade deficit at P22.39 billion.

On the other hand, inflow for NCR was recorded at P91.21 billion resulting to an unfavorable balance of trade of P17.38 billion for the year.

Central Luzon posts the highest trade balance

Central Luzon posted a favorable balance of trade of P49.70 billion. Despite the absence of air and rail transports in the region, Central Mindanao and Southern Mindanao likewise posted positive performances with P17.12 billion and P4.24 billion, respectively.

Figure 4. Domestic Trade Balances by Region : 1997
Figure 4

Iron and steel comprise 14.3 percent of traded goods in NCR

Iron and steel comprised 14.3 percent (403 million kilograms) of the total quantity of goods traded from NCR. Various commodities, not elsewhere specified, followed with 12.8 percent share or P10.46 billion worth of goods.

Top commodities from Central Luzon comprised petroleum, petroleum products and related materials, and cereals and cereal preparations. These goods were valued at P44.36 billion and P2.53 billion, respectively.

In Western Visayas, sugar, sugar preparations and honey were the top commodity groups with almost 27.9 percent share of the total quantity.

Central Luzon posted a favorable balance of trade of P49.70 billion. Despite the absence of air and rail transports in the region, Central Mindanao and Southern Mindanao likewise posted positive performances with P17.12 billion and P4.24 billion, respectively.

Figure 5
Figure 5


Source:   National Statistics Office 
                Manila, Philippines

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