Commodity Flow in the Philippines : Fourth Quarter 2013 (Preliminary Results)

Reference Number: 

2014-17

Release Date: 

Friday, March 28, 2014

 

Quantity of domestic trade falls, value rises

During the fourth quarter of 2013 the total quantity of domestic trade transactions decreased by 9.6 percent, resulting to 4.56 million tons from 5.04 million tons reported in the same period of last year. The commodities were traded mostly through water comprising 99.8 percent in the fourth quarter of both years 2012 and 2013.

On the contrary, the total value of commodities that flowed within the country increased by 5.2 percent from PHP141.76 billion in the fourth quarter of 2012 to PHP149.18 billion in the same period of 2013. Shipment through water was the foremost mode of transport comprising 99.7 percent and 99.8 percent in the fourth quarter of 2012 and 2013 respectively.

Food and live animals dominates total domestic trade value

Among the commodities transacted throughout the country in the fourth quarter of 2013, food and live animals supplied the largest share amounting to PHP48.16 billion (32.3%). This was followed by machinery and transport equipment with PHP27.26 billion (18.3%) and manufactured goods classified chiefly by materials with PHP20.69 billion (13.9%). Animal and vegetable oils, fats and waxes had the least value of PHP2.42 billion (1.6%). (See Table 1)

Food and live animals similarly traded the largest share among the commodities transacted throughout the country amounting to PHP44.19 billion (31.2%). This was followed by machinery and transport equipment with PHP26.27 billion (18.5%) and manufactured goods classified chiefly by materials with PHP18.35 billion (12.9%). Animal and vegetable oils, fats and waxes had the least value of PHP1.74 billion (1.2%). (See Table 1)

NCR leads in value of domestic trade share

Most of the traded commodities came from National Capital Region with value of domestic trade transactions amounting to PHP44.28 billion (29.7%) in the fourth quarter of 2013. Central Visayas was second with PHP25.43 billion (17.0%) followed by Western Visayas with PHP20.41 billion (13.7%) and Northern Mindanao accounted for PHP18.72 billion (12.5%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP20 thousand.

Likewise, in the fourth quarter of 2012 most of the traded commodities came from National Capital Region with value of domestic trade transactions amounting to PHP43.76 billion (30.9%). Central Visayas was second with PHP25.74 billion (18.2%) followed by Western Visayas with PHP23.62 billion (16.7%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP31 thousand.

National Capital Region (NCR) shows the highest favorable trade balance

In the fourth quarter of 2013, National Capital Region posted the most favorable trade balance at PHP18.59 billion. Other regions which exceeded the billion positive trade balance were Central Luzon PHP8.03 billion Bicol Region PHP1.53 billion and SOCCSKSARGEN PHP1.27 billion. On the other hand, Eastern Visayas suffered an unfavorable trade balance of negative PHP5.11 billion. Other regions with more than a billion negative trade balances were Zamboanga Peninsula (PHP4.60 billion), Central Visayas (PHP4.50 billion), CALABARZON (PHP4.49 billion), MIMAROPA (PHP3.34 billion), Caraga (PHP2.74 billion), Western Visayas (PHP1.94 billion), and Davao Region (PHP1.28 billion).

Likewise, NCR posted the most favorable trade balance at PHP16.39 billion during the fourth quarter of 2012. Other regions which surpassed the billion positive trade balance were Central Luzon PHP12.33 billion and Western Visayas PHP1.96 billion. On the other hand, Caraga suffered an unfavorable trade balance of negative PHP6.18 billion.

Notes:

  1. DOMSTAT reports from the following provinces/cities were not yet received as of February 28, 2014, and were not included in this special release:
    1. Romblon – Coastwise (October to December 2013)
    2. Western Samar – Coastwise (October to December 2013)
    3. Basilan– Coastwise (October to December 2013)
    4. Tawi-Tawi– Coastwise (October to December 2013)
  2. As of fourth quarter 2013, Philippine National Railways (PNR) still has no trade transaction.

 

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