Quantity of domestic trade decreases, value increases

The total quantity of domestic trade transactions decreased by 1.3 percent from 4.87 million tons reported in the second quarter of 2012 to 4.81 million tons in the same period of 2013. The commodities were traded mostly through water comprising 99.8 percent, the same percentage recorded in the second quarter of 2012.

On the other hand, the total value of commodity flow within the country increased by 4.5 percent from PHP139.91 billion in the second quarter of 2012 to PHP146.24 billion in the same period of 2013. Trade transactions through water transport accounted for 99.3 percent and 99.7 percent in the second quarter of 2012 and 2013 respectively.

Food and live animals dominates total domestic trade value

Among the commodities transacted throughout the country in the second quarter of 2013, food and live animals contributed the largest share, with value amounting to PHP41.40 billion (28.3%). This was followed by machinery and transport equipment with PHP31.09 billion (21.3%) while manufactured goods classified chiefly by materials contributed PHP23.94 billion (16.4%). Animal and vegetable oils, fats and waxes had the least share of PHP1.64 billion (1.1%). (Table1)

Food and live animals likewise contributed the largest share among the commodities transacted throughout the country in the second quarter of 2012, with value amounting to PHP40.73 billion (29.1%). This was followed by machinery and transport equipment with PHP31.85 billion (22.8%) while manufactured goods classified chiefly by materials contributed PHP20.41 billion (14.6%). Animal and vegetable oils, fats and waxes had the least share of PHP1.81 billion (1.3%). (Table 1)

National Capital Region (NCR) contributes the largest value of domestic trade

Most of the traded commodities in the second quarter of 2013 came from National Capital Region with value of domestic trade amounting to PHP58.48 billion (40.0%). Central Visayas came second with PHP25.28 billion (17.3%). Northern Mindanao was next with PHP13.42 billion (9.2%), followed by Western Visayas with PHP12.75 billion (8.7%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP19 thousand.

Likewise, National Capital Region had the highest domestic trade share value amounting to PHP38.92 billion (27.8%) in the second quarter of 2012. Central Visayas was the second with PHP25.02 billion (17.9%). Western Visayas was next with PHP20.37 billion (14.6%), followed by Northern Mindanao with PHP14.17 billion (10.1%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP194 thousand.

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

In the second quarter of 2013, NCR posted the most favorable trade balance at PHP38.47 billion. Other region which surpassed the billion positive trade balance was Central Luzon (PHP6.39 billion). On the other hand, Western Visayas suffered an unfavorable trade balance of negative PHP9.24 billion. Other regions with more than a billion negative trade balances were Zamboanga Peninsula (PHP7.60 billion), Northern Mindanao (PHP4.73 billion), Eastern Visayas (PHP4.67 billion), Central Visayas (PHP4.25 billion), CALABARZON (PHP4.21 billion), Davao (PHP3.36 billion), Caraga (PHP3.09 billion) and MIMAROPA (PHP 2.72 billion).

For the same period in 2012, NCR also realized the most favorable trade balance at PHP13.67 billion. Other regions which surpassed the billion positive trade balance were Central Luzon (PHP11.52 billion), and Western Visayas (PHP1.45 billion). On the other hand, Caraga suffered an unfavorable trade balance of negative PHP6.68 billion.

Notes:

1. DOMSTAT reports from the following provinces/cities were not yet received as of September 25, 2013, and were not included in this special release:
   
   1. Negros Occidental – Coastwise (May & June 2013);  Airway (May & June 2013)
   2. Westen Samar – Coastwise (April  to June 2013)
   3. Basilan – Coastwise (April to June 2013)
   4. Surigo Del Sur – Coastwise (April to June 2013)
   5. Sulu – Coastwise (April to June 2013)
2. As of second quarter 2013, Philippine National Railways (PNR) still has no trade transaction.