DOMESTIC trade transactions in the fourth quarter of 2014 went down 8.5 percent by value from the year before despite posting double-digit growth in volume terms, government data showed.
According to the Philippine Statistics Authority (PSA), the total value of commodities that flowed within the country reached P136.52 billion in the October to December period, down from P149.18 billion in the same period of 2013.
By volume, however, commodities traded domestically increased by 15.7 percent to 5.27 million tons from 4.56 million tons a year earlier.
Commodities were traded mostly through water, comprising 99.8 percent of all trade, the same percentage recorded in the fourth quarter of 2013, the PSA said.
Metro Manila or the National Capital Region accounted for the biggest share of the trade, taking up 20.5 percent of the total or P28 billion.
Central Visayas came in second with 16.5 percent of total domestic trade, valued at P22.55 billion. Western Visayas followed with 14 percent, valued at P19.17 billion, while Northern Mindanao accounted for 13.4 percent, or P18.28 billion.
Cagayan Valley’s domestic trade contributed the least share among the regions, with only P11,000 worth of transactions.
Food and live animals comprised the largest share of commodities traded in the fourth quarter, accounting for P40.76 billion or 29.9 percent of the total.
This was followed by machinery and transport equipment, valued at P32.20 billion or 23.6 percent of the total, while manufactured goods posted P20.06 billion or a 14.7 percent share.
Animal and vegetable oils, fats and waxes had the least value of P1.83 billion or a 1.3 percent share.