• Q2 domestic trade up 4.5% to P146.24 billion

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    Despite trade volume within the country decreasing slightly by tonnage, domestic commodity flow still improved in value, showing an increase of 4.5 percent.

    According to the second-quarter domestic Commodity Flow data of the National Statistics Office (NSO) for 2013, domestic trade volume went down by 1.3 percent—from 4.87 million tons last year to 4.81 million tons this year. While trade volume registered a decline, the value of traded goods and commodities went up by 4.5 percent—from P139.9 billion in 2012 to P146.2 billion in 2013.

    “Among the commodities transacted throughout the country in the second quarter of 2013, food and live animals contributed the largest share, with value amounting to P41.4 billion, or 28.3-percent share of the total traded commodities,” the NSO said.

    Following food and live animals, machineries and transport equipment had the second-largest share in domestic trade with P31.1 billion, or 21.3-percent share of the overall trade. Trailing was manufactured goods or materials with P23.9 billion, or 16.4-percent share; while animal and vegetable oils, fats and waxes had the least share with P1.6 billion, or 1.1 percent.

    In both volume and trade, the National Capital Region (NCR or Metro Manila) was on top (40-percent trade volume share and P58.5-billion value share) during the second quarter of 2013. Metro Manila was followed by Central Visayas (17.3 percent, P25.3 billion), Northern Mindanao (9.2 percent, P13.4 billion) and Western Visayas (8.7 percent, P12.75 billion), while Cagayan de Oro contributed the least with only P19,000 value share.

    “In the second quarter of 2013, NCR also posted the most favorable trade balance at P38.5 billion. Other regions which surpassed the billion positive trade balance was Central Luzon (P6.4 billion). On the other hand, Western Visayas suffered an unfavorable trade balance of negative P9.2 billion,” the NSO said.

    Besides Western Visayas, regions with negative trade balances were Zamboanga Peninsula (P7.6 billion), Northern Mindanao (P4.7 billion), Eastern Visayas (P4.7 billion), Central Visayas (P4.3 billion), Calabarzon, or Region 4A P4.2 billion), Davao (P3.4 billion), Caraga (P3.1 billion) and Mimaropa (P2.7 billion).

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