• Q2 domestic trade grows 16.4% to P170B


    Domestic trade transactions during the second quarter of the year grew 16.4 percent by value and 1.2 percent by volume from their year-earlier levels, government data showed on Wednesday.

    According to the Philippine Statistics Authority (PSA), the total value of commodities that flowed within the country reached P170.2 billion in the April to June period, up 16.4 percent from P146.24 billion in the same period of 2013.

    Meanwhile, the volume of commodities traded rose 1.2 percent to 4.87 million tons from 4.81 million tons a year earlier.

    Commodities were traded mostly through water, comprising 99.8 percent of all trade, the same percentage recorded in the second quarter of 2013, the PSA said.

    Metro Manila or the National Capital Region accounted for the biggest share of the trade, taking up 40 percent of the total or P58.48 billion.

    Central Visayas came in second with 17.3 percent of total domestic trade, valued at P25.28 billion. Northern Mindanao followed with 9.2 percent, valued at P13.2 billion, while Western Visayas accounted for 8.7 percent, or P12.75 billion.

    Cagayan Valley’s domestic trade contributed the least share among the regions, with only P19,000 worth of transactions.

    Meanwhile, food and live animals comprised the largest share of commodities traded in the second quarter, accounting for P49.65 billion or 29.2 percent of the total.

    This was followed by machinery and transport equipment, valued at P38.71 billion or 22.7 percent of the total, while manufactured goods posted P23.72 billion or a 13.9 percent share.

    Animal and vegetable oils, fats and waxes had the least value of P2.14 billion or a 1.3 percent share.


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