• Q1 domestic trade eases by 0.3% to P131 billion

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    The value of commodity flow within the country in the first quarter of 2013 reached P131 billion, or a decrease of 0.3 percent, data from the National Statistics Office (NSO) showed 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 in 5.99 million tons from the 4.73 million tons reported through the same period of 2012.

    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 agency said that most of the traded commodities came from Metro Manila with value of domestic trade transactions amounting to P35.31 billion.

    Metro Manila was followed by Central Visayas (Region 7) with P23.79 billion; Western Visayas (Region 6) with P23.71 billion; Central Luzon (Region 3) with P13.60 billion and Northern Mindanao (Region X) with P11.79 billion. Meanwhile, while Cagayan Valley’s (Region 2) domestic trade contributed the least share among the regions with only P30,000.

    The data further showed that 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 5) and Central Visayas, while Zamboanga Peninsula (Region 9) 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 8), Northern Mindanao, Mimaropa (Region 4B), Calabarzon (Region 4A), Davao Region (Region 11) and Ilocos Region (Region 1).

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