• Domestic trade down in Q1

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    DOMESTIC trade, mostly shipped via water transport, declined in terms of volume value in the first quarter of 2015 from a year earlier, government data showed.

    The total value of commodities that moved within Philippine shores reached P164.36 billion in January to March, down 3 percent from P169.44 billion, according to the Philippine Statistics Authority (PSA).

    The commodities bought and sold domestically eased by 2.4 percent to 5.01 million tons from 5.13 million tons.

    The PSA said 99.9 percent of the value of commodities traded and 99.7 percent of the volume were borne by domestic shipping companies.

    The National Capital Region, which includes Metro Manila, accounted for the biggest share of the trade at 23.3 percent or P38.27 billion of the total.

    Both Eastern and Central Visayas took the second spot with 16.1 percent of the domestic trade, valued at P26.50 billion and P26.43 billion, respectively.

    Northern Mindanao constituted 12 percent of the trade, valued at P19.75 billion, while the Autonomous Region in Muslim Mindanao represented P703 million worth of transactions.
    Machinery and transport equipment comprised the largest share of commodities traded in the first quarter, equivalent to P49.04 billion or 29.8 percent of the total.

    Food and live animals, valued at P45.63 billion or 27.8 percent of the total, were the next largest group of commodities traded, and manufactured goods accounted for P22.07 billion or 13.4 percent.

    The volume of trade in animal and vegetable oils, fats and waxes were valued at P1.89 billion or a 1.1 percent of the total.

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