• Q1 domestic trade eases 0.3% to P131B

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    The value of commodity flow within the country the first quarter of 2013 reached P131 billion, or a decrease of 0.3 percent, data from the National Statistics Office (NSO) said on Tuesday.

    The NSO noted that the value of commodity flow in the first quarter was lower than the P131.41 billion recorded a year ago.

    “Shipment through water was the major mode of transport with percentage shares of 99.6 percent and 99.7 percent in the first quarter of 2012 and 2013, respectively,” the agency stated.

    However, the data showed that the total quantity of domestic trade transactions in the first quarter of the year went up by 26.7 percent, resulting to 5.99 million tons from 4.73 million tons reported through the same period of 2012.

    The commodities were traded mostly in water comprising 99.8 percent and 99.9 percent during the first quarter of 2012 and 2013, respectively, the data said.

    It added that food and live animals supplied the largest share among the commodities transacted throughout the country amounting to P38.80 billion.

    This was followed by machinery and transport equipment with P20.29 billion, and manufactured goods classified chiefly by materials with P19.48 billion, while animal and vegetable oils, fats and waxes had the least value of P2.27 billion

    The statistics data continued that most of the traded commodities came from Metro Manila with value of domestic trade transactions amounting to P35.31 billion.

    It was followed by Central Visayas (Region VII) with P23.79 billion; Western Visayas (Region VI) with P23.71 billion; Central Luzon (Region III) with P13.60 billion and Northern Mindanao (Region X) with P11.79 billion; while Cagayan Valley’s (Region II) domestic trade contributed the least share among the regions with only P30,000.

    The data further said Central Luzon posted the most favorable trade balance at P13.04 billion during the first quarter of 2013.

    Other regions which surpassed the billion positive trade balance were Metro Manila, Western Visayas, Bicol Region (Region V), and Central Visayas, while Zamboanga Peninsula (Region IX) suffered an unfavorable trade balance of negative P5.94 billion.

    Other regions with more than a billion pesos in negative trade balances were Eastern Visayas (Region VIII), Northern Mindanao, Mimaropa (Region IV-B), Calabarzon (Region IV-A), Davao Region (Region XI), and Ilocos Region (Region I).

     

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