Commodity Flow in the Philippines : Second Quarter 2014 (Preliminary Results)

Reference Number: 

2014-73

Release Date: 

Tuesday, September 30, 2014

 

Quantity and value of domestic trade rises

The total quantity of domestic trade transactions during the second quarter of 2014 increased by 1.2 percent, resulting to 4.87 million tons from 4.81 million tons reported in the same period of last year.  The commodities were traded mostly through water comprising 99.8 percent, the same percentage recorded in the second quarter of 2013 (Table 1).

 

On the other hand, the total value of commodities that flowed within the country increased by 16.4 percent from PHP146.24 billion in the second quarter of 2013 to PHP170.20 billion in the same period of 2014.  Shipment through water was the principal mode of transport in the second quarter of 2014 comprising 99.7 percent, the same percentage recorded in the second quarter of 2013.

 

Food and live animals dominates total domestic trade value

Food and live animals contributed the largest share among the commodities transacted throughout the country in the second quarter of 2014 amounting to PHP49.65 billion (29.2%).  This was followed by machinery and transport equipment with PHP38.71 billion (22.7%) and manufactured goods classified chiefly by materials with PHP23.72 billion (13.9%).   Animal and vegetable oils, fats and waxes had the least value of PHP2.14 billion (1.3%) (Table 1).

Similarly, food and live animals contributed the largest share among the commodities transacted throughout the country in the second quarter of 2013, 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%).

 

One-third of the total domestic trade comes from NCR

In the second quarter of 2014, most of the traded commodities originated from NCR with value amounting to PHP57.37 billion (33.7%). Western Visayas came in second with PHP29.96 billion (17.6%) followed by Northern Mindanao with PHP17.81 billion (10.5%) while Central Visayas accounted for PHP15.85 billion (9.3%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP43 thousand (Table 2).

Likewise, National Capital Region had the highest domestic trade share value amounting to PHP58.48 billion (40.0%) in the second quarter of 2013. Central Visayas came in 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.

 

NCR leads in favorable trade balance

In the second quarter of 2014, NCR posted the most favorable trade balance at PHP27.36 billion. Other regions that reached billion mark positive trade balances were Central Luzon, PHP10.61 billion, Western Visayas, PHP3.70 billion and Eastern Visayas, PHP1.76 billion. On the other hand, Central Visayas suffered an unfavorable trade balance of negative PHP16.20 billion. Other regions with a billion mark negative trade balances were Zamboanga Peninsula (PHP6.69 billion), Caraga PHP6.44 billion), CALABARZON (PHP6.41 billion), MIMAROPA (PHP3.00 billion), Northern Mindanao (PHP2.73 billion), Davao Region (PHP1.66 billion) and Ilocos Region (PHP1.25 billion) (Table 4).

Similarly, NCR posted the most favorable trade balance at PHP38.47 billion in the second quarter of previous year. Aside from NCR, Central Luzon (PHP6.39 billion) and Bicol Region (PHP584.74 million) also recorded positive trade balances. Meanwhile, Western Visayas suffered the highest unfavorable trade balance of negative PHP9.24 billion.

 

Notes:

  1. DOMSTAT reports from the following provinces/cities were not yet received as of September 23, 2014, and were not included in this special release:
    1. Romblon – Coastwise (April to June 2014)
    2. Western Samar – Coastwise (June 2014)
    3. Sulu – Coastwise (April to June 2014)
    4. Tawi-Tawi – Coastwise (April to June 2014)
  2. As of second quarter 2014, Philippine National Railways (PNR) still has no trade transaction.

 

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