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

Reference Number: 

2013-92

Release Date: 

Tuesday, November 26, 2013

 

Quantity of domestic trade declines, value rises

In the third quarter of 2013, the total quantity of domestic trade transactions decreased by 14.7 percent, resulting to 4.87 million tons from 5.71 million tons reported during the same period of last year. The commodities were traded mostly through water comprising 99.8 percent, the same percentage recorded in the third quarter of 2012.

On the other hand, the total value of commodities flowed within the country increased by 9.9 percent from PHP130.90 billion in the third quarter of 2012 to PHP143.88 billion in the same period of 2013. Trade transaction through water was the major mode of transport comprising 99.6 percent and 99.7 percent in the third quarter of 2012 and 2013 respectively.

Food and live animals dominates total domestic trade value

Among the commodities that were transacted throughout the country in the third quarter of 2013, food and live animals contributed the largest share amounting to PHP40.24 billion (28.0%). This was followed by machinery and transport equipment with PHP31.19 billion (21.7%) and manufactured goods classified chiefly by materials with PHP21.93 billion (15.2%). Animal and vegetable oils, fats and waxes had the least value of PHP2.31 billion (1.6%). (See Table 1)

Likewise, Food and live animals contributed the largest share among the commodities that were transacted throughout the country in the third quarter of 2012, amounting to PHP39.16 billion (29.9%). This was followed by machinery and transport equipment with PHP20.93 billion (16.0%) and manufactured goods classified chiefly by materials with PHP20.16 billion (15.4%). Animal and vegetable oils, fats and waxes had the least value of PHP1.73 billion (1.3%). (See Table 1)

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

In the third quarter of 2013, most of the traded commodities came from National Capital Region with value of domestic trade transactions amounting to PHP51.75 billion (36.0%). Central Visayas was the second with PHP27.44 billion (19.1%). Northern Mindanao was next with PHP15.36 billion (10.7%), followed by Central Luzon with PHP11.15 billion (7.7%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP109 thousand.

Similarly, most of the traded commodities came from National Capital Region with value of domestic trade transactions amounting to PHP34.51 billion (26.4%) during the third quarter of 2012. Central Visayas was the second with PHP26.66 billion (20.4%). Western Visayas was next with PHP17.11 billion (13.1%), followed by Northern Mindanao with PHP16.49 billion (12.6%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP40 thousand.

National Capital Region leads the highest favorable trade balance

In the third quarter of 2013, NCR posted the most favorable trade balance at PHP28.38 billion. Other region which surpassed the billion positive trade balance was Central Luzon PHP10.75 billion. On the other hand, Western Visayas suffered an unfavorable trade balance of negative PHP8.50 billion. Other regions with more than a billion negative trade balances were Zamboanga Peninsula (PHP6.59 billion), Eastern Visayas (PHP5.52 billion), MIMAROPA (PHP4.44 billion), Central Visayas (PHP4.25 billion), Caraga (PHP3.05 billion), Northern Mindanao (PHP2.73 billion), CALABARZON (PHP2.72 billion), and Davao Region (PHP1.29 billion).

Central Luzon posted the most favorable trade balance at PHP13.10 billion in the third quarter of 2012. Other region which surpassed the billion positive trade balance was National Capital Region (NCR) PHP10.78 billion and Bicol Region PHP1.10 billion. On the other hand, Eastern Visayas suffered an unfavorable trade balance of negative PHP4.92 billion.

Notes:

  1. DOMSTAT reports from the following provinces/cities were not yet received as of November 25, 2013, and were not included in this special release:
    1. Romblon – Coastwise (July to September 2013)
    2. Basilan– Coastwise (July to September 2013)
    3. Sulu – Coastwise (July to September 2013)
  2. As of third quarter 2013, Philippine National Railways (PNR) still has no trade transaction.

 

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