QUANTITY OF DOMESTIC TRADE INCREASES
The total quantity of domestic trade during the fourth quarter of 2017 was posted at 6.48 million tons, up by 4.2 percent from 6.21 million tons of the same quarter a year ago. Food and live animals commodities topped, in terms of quantity, with 2.50 million tons or 72.5 percent share of all the traded commodities while Animal and vegetable oils, fats and waxes commodities had the least quantity with only 0.04 million tons. (Figure 1)
On the other hand, value of domestic trade declined by 2.9 percent in the fourth quarter of 2017 with value amounting to PHP176.39 billion from PHP181.64 billion value of same quarter a year ago. (Figure 2)
About 99.9 percent of the total value commodities that flow in the country were traded by means of water and the remaining 0.1 percent, through air.
MACHINERY AND TRANSPORT EQUIPMENT ACCOUNT FOR 33.9 PERCENT OF TOTAL VALUE OF TRADED COMMODITIES
Machinery and transport equipment commodities led with value amounting to PHP59.72 billion or 33.9 percent of the total value. This commodity also topped during the same quarter a year ago with value of PHP58.84 billion or 32.4 percent share of the total traded commodities. Food and live animals posting at PHP41.71 billion and manufactured goods classified chiefly by material with value amounting to PHP21.24 billion placed second and third, respectively. Completing other traded commodities with their corresponding values in the fourth quarter of 2017 were the following:
- Mineral fuels, lubricants and related materials, PHP17.46 billion;
- Beverages and tobacco, PHP8.73 billion;
- Chemical and related products n.e.c., PHP8.49 billion;
- Miscellaneous manufactured articles, PHP7.11 billion;
- Commodities and transactions n.e.c., PHP5.44 billion;
- Crude materials, inedible except fuels, PHP4.20 billion; and
- Animal and vegetable oils, fats and waxes, PHP2.27 billion.
NORTHERN MINDANAO ACCOUNTS 22.0 PERCENT OF THE TOTAL QUANTITY OF TRADED COMMODITIES
Northern Mindanao posted the highest quantity of all traded commodities among the regions with 1.42 million tons during the fourth quarter of 2017. This was followed by Central Luzon and Central Visayas with 1.35 million tons and 0.89 million tons, respectively. Other regions with corresponding quantity were the following:
- MIMAROPA, 0.56 million tons;
- Western Visayas, 0.50 million tons;
- NCR, 0.48 million tons;
- Eastern Visayas, 0.29 million tons;
- Bicol Region, 0.27 million tons;
- Davao Region, 0.23 million tons;
- Caraga, 0.14 million tons;
- SOCCSKSARGEN, 0.14 million tons;
- CALABARZON, 0.09 million tons;
- Zamboanga Peninsula, 0.08 million tons; and
- ARMM, 0.04 million tons.
OUTFLOW AND INFLOW VALUE OF TRADED COMMODITIES DECELERATE IN THE FOURTH QUARTER OF 2017
Outflow refers to the total quantity value of commodities which goes out of the specified region or province while Inflow refers to the total qunatity value of commodities coming in the specified region. Trade balance is the difference between the outflow and inflow.
Total outflow and inflow value in the fourth quarter of 2017 totaled to PHP176.39 billion. It went down by 2.9 percent from PHP181.64 billion recorded in the same quarter a year ago. Among the regions, National Capital Region (NCR) again registered the highest outflow value amounting to PHP33.26 billion or 18.9 percent from the total outflow. It was followed by Western Visayas and Central Visayas with PHP28.31 billion and PHP27.54 billion, respectively.
Meanwhile, Bicol Region had the highest inflow value amounting to PHP29.13 billion or 16.5 percent share of the total inflow in the fourth quarter of 2017. Cagayan Valley, however, posted the lowest inflow value with value amounting to PHP59.17 million.
EASTERN VISAYAS TOPS FAVORABLE TRADE BALANCE
Eight regions (8) exhibited positive trade balances in the fourth quarter of 2017. Eastern Visayas posted the highest trade balance of PHP16.91 billion. It was followed by Central Luzon with value amounting to PHP12.77 billion. Other regions that attributed to the positive trade balance were the following:
- Central Visayas, PHP12.55 billion;
- Northern Mindanao; PHP12.54 billion;
- NCR; PHP6.88 billion;
- Davao Region; PHP5.41 billion;
- SOCCSKSARGEN, PHP3.96 billion; and
- ARMM, PHP1.73 billion.
On the other hand, eight regions (8) with unfavorable (negative) trade balance during the fourth quarter of 2017 were the following:
- Cagayan Valley, PHP0.06 billion;
- Western Visayas, PHP0.42 billion;
- MIMAROPA, PHP1.57 billion;
- Ilocos Region, PHP1.69 billion;
- CALABARZON, PHP7.96 billion;
- Zamboanga Peninsula, PHP14.10 billion;
- Caraga, PHP21.59 billion; and
- Bicol Region, PHP25.32 billion
Commodity flow or domestic trade statistics is a compilation of data on commodities carried through the air, rail, and water transport systems in the country.
The Philippine Statistics Authority (PSA) compiles domestic trade statistics from copies of coasting manifests and coastwise passenger manifest collected from the Philippine Ports Authority and copies of airway bills to generate commodity flow or domestic trade statistics. Coasting manifest were collected from major ports and other active seaports listed by the PPA all over the country to account for transactions that went through seaports.
Data on the inflow and outflow of commodities in the different regions of the country are used to construct inter-regional and inter-industry relation tables.
All copy of documents were compiled and processed by the provincial statistical offices. Final data review of the data files, generation of statistical tables, and preparation of Special Release were done at the Trade Statistics Division (TSD). All documents received as of 15 March 2018 were processed and included in the generation of 2017 Fourth Quarterly statistical tables. Documents received after the deadline are included in the final tabulation.
The 1993 Philippine Standard Commodity Classification (PSCC) is used to classify the commodities at the 5-digit (item) for coastwise statistics and 3-digit (group) for air statistics for statistical purposes.
DOMSTAT reports from the following provinces/cities were not yet received as of 15 March 2018 and thus, were not included in this Special Release:
Mode of Transport
Month (3rd Quarter)
October - December 2017
|b. Occidental Mindoro||
October - December 2017
October - December 2017
|Coastwise||October - December 2017|
Detailed data on domestic trade statistics are available at the Trade Statistics Division (TSD) - Economic Sector Statistics Service (ESSS) with telephone number: 376-19-75.
Limitations of Domestic Trade Statistics
The domestic trade statistics contained in this report pertains to the flow of goods through airports and seaports in the country, whether for government or private use, or for commercial purposes. Domestic trade through land was excluded because of an absence of an approach to data in the archipelagic island of the country. Moreover, starting 2007 data on rail transport is also excluded.
Air waybills, on the other hand, were collected from the Philippine Airlines accounting for transactions that passes through all airports.
Goods and/or commodities that were excluded in the compilation of data are:
a. Goods transported by vessels of the Philippine Navy.
b. Fish and other marine products landed directly from the sea.
c. Service cargoes for consumption of the vessel crew.