Quantity and value of domestic trade rises
The total quantity of domestic trade transactions in 2013 increased by 0.5 percent, from 21.57 million tons reported in 2012 to 21.68 million tons in 2013. The commodities were traded mostly through water, comprising 99.8 percent of the total domestic trade (Figure 1).
Likewise, the total value of commodities that flowed within the country increased by 10.3 percent, from PHP578.21 billion in 2012 to PHP637.82 billion in 2013. Shipment through water was the major mode of transport with 99.7 percent share (Figure 2).
Food and live animals rules total domestic trade value
Food and live animals contributed the largest value amounting to PHP190.66 billion (29.9%) among the commodities that were transacted throughout the country in 2013. This was followed by machinery and transport equipment with PHP120.96 billion (19.0%), and manufactured goods classified chiefly by materials with PHP96.45 billion (15.1%). Animal and vegetable oils, fats and waxes shared the least value of PHP9.05 billion (1.4%) (See Table A).
In Luzon, food and live animals led the commodity trading with a share of 25.1 percent (PHP74.74 billion) to the total value of commodities traded in the island group. This was followed by manufactured goods classified chiefly by material with PHP53.75 billion (18.0%). Mineral fuels, lubricants and related materials placed third with PHP43.59 billion (14.6%) (See Table 4).
The top three commodity sections in the Visayas, in terms of its contribution to the total value of commodities traded in this island group, were food and live animals machinery and transport equipment, and manufactured goods classified chiefly by material with values PHP70.61 billion (33.3%), PHP49.01 billion (23.1%) and PHP25.14 billion (11.9%), respectively (See Table 4).
On the other hand, food and live animals also topped the list of commodities traded in Mindanao, contributing 35.4 percent (PHP45.30 billion) of the total value of commodities traded in the island group. Ranked second was machinery and transport equipment sharing 27.6 percent (PHP35.27 billion). This was followed by manufactured goods classified chiefly by material with PHP17.56 billion (13.7%) (See Table 4).
National Capital Region (NCR) leads value of domestic trade
NCR accounted for the largest share among the regions at 36.1 percent (PHP230.25 billion) in the total value of domestic trade in 2013. Central Visayas was next with transactions amounting to PHP103.09 billion (16.2%). Western Visayas followed contributing PHP79.92 billion (12.5%). Northern Mindanao was on fourth with PHP59.30 billion (9.3%). While Central Luzon ranked fifth with PHP40.03 (6.3%). Cagayan Valley’s domestic trade contributed the least share with only PHP177 thousand (See Figure 4).
Of the total value of commodities coming from NCR, the major regions of destination were Central Visayas (PHP59.96 billion), Western Visayas (PHP52.14 billion), Northern Mindanao (PHP35.00 billion), Davao Region (PHP29.56 billion), and Zamboanga Peninsula (PHP16.47). Meanwhile, the top three commodities traded from NCR were food and live animals, manufactured goods classified chiefly by material, and machinery and transport equipment with values amounting to PHP66.36 billion (26.8%), PHP52.02 (22.2%) and PHP31.76 (14.5%), respectively. (See Table C2).
National Capital Region (NCR) posts the highest favorable trade balance
NCR posted the most favorable balance of trade in 2013 at PHP125.51 billion. Other regions which surpassed the billion positive trade balance were Central Luzon (PHP37.92 billion), and Bicol Region (PHP9.57 billion). On the other hand, Zamboanga Peninsula recorded the biggest unfavorable trade balance of negative PHP27.50 billion (See Figure 5).