Value of domestic trade rose to P338.90 billion
Total value of domestic trade in 2001 amounted to P338.90 billion, higher by 25.2 percent from the P270.75 billion reported in the year 2000. Quantity traded, however, recorded 19.6 million tons, an increase of 17.6 percent compared to the previous year's figure of 16.7 million tons. Commodities were mostly traded via water, with value and quantity comprising 99.2 percent and 99.7 percent, respectively. (See Figure 1).
Figure 1. Value and Quantity of Domestic Trade by Mode of Transport:
2000 and 2001
Food and live animals shared 31.1 percent of total domestic trade value
Of the commodities traded throughout the country, food and live animals had the highest share in total value with P105.39 billion (31.1 percent). This was followed by machinery and transport equipment with P55.73 billion (16.4 percent). Mineral fuels, lubricants and related materials was next with P53.33 billion (15.7 percent). Animal and vegetable oils, fats and waxes shared the least value of P3.93 billion (1.2 percent). (See Figure 2).
Figure 2. Value of Domestic Trade by Commodity Section: 2001
NCR emerged the highest value of domestic trade at P102.33 billion
Among the regions, NCR emerged with the highest value of domestic trade at 30.2 percent. Central Luzon followed, with P54.08 billion (16.0 percent) share. This was followed by Central Visayas with P31.99 billion (9.4 percent) share. Cagayan Valley had the lowest value of P994 thousand. (See Figure 3).
Figure 3. Value of Domestic Trade by Region: 2001
Domestic trade balances favor Central Luzon
A favorable balance of trade at P52.1 billion was posted in the Central Luzon. Other regions with more than a billion positive trade balances were National Capital Region, Eastern Visayas, and Central Mindanao with P18.9 billion, P5.2 billion, P1.3 billion and P583.7 million, respectively. Inflow for Central Visayas amounted to P67.2 billion resulting to an unfavorable balance of trade of P35.3 billion. (See Figure 4).
Figure 4. Domestic Trade Balances by Region: 2001
Source: National Statistics Office