Quantity and Value of domestic trade increases

The total quantity of domestic trade transactions in the third quarter of 2012 increased by 32.9 percent, resulting to 5.71 million tons from 4.30 million tons reported during the same period of last year. The commodities were traded mostly through water comprising 99.8 percent, the same percentage recorded in the third quarter of 2011.

On the other hand, the total value of commodities flowed within the country increased by 20.8 percent from PHP108.38 billion in the third quarter of 2011 to PHP130.90 billion in the same period of 2012. Trade transaction through water was the major mode of transport comprising 99.3 percent and 99.6 percent in the third quarter of 2011 and 2012 respectively.

Food and live animals dominates total domestic trade value

Food and live animals contributed the largest share among the commodities that were transacted throughout the country in the third quarter of 2012, amounting to PHP39.16 billion (29.9%). This was followed by machinery and transport equipment with PHP20.93 billion (16.0%) and manufactured goods classified chiefly by materials with PHP20.16 billion (15.4%). Animal and vegetable oils, fats and waxes had the least value of PHP1.73 billion (1.3%). (See Table 1)

Similarly, Food and live animals made up the largest among the commodities that were transacted throughout the country in the third quarter of 2011, amounting to PHP29.86 billion (27.5%). This was followed by machinery and transport equipment with PHP23.23 billion (21.4%) and manufactured goods classified chiefly by material followed with PHP15.10 billion (13.9%). Contributing the least value of PHP1.28 billion (1.2%) was animal and vegetable oils, fats and waxes. (See Table 1)

National Capital Region (NCR) accounts for the largest value of domestic trade

In the third quarter of 2012, most of the traded commodities came from National Capital Region with value of domestic trade transactions amounting to PHP34.51 billion (26.4%). Central Visayas was the second with PHP26.66 billion (20.4%). Western Visayas was next with PHP17.11 billion (13.1%), followed by Northern Mindanao with PHP16.49 billion (12.6%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP40 thousand.

Most of the traded commodities in the third quarter of 2011 originated from National Capital Region with value of domestic trade amounting to PHP30.13 billion (27.8%). Central Visayas was the second with PHP21.61 billion (19.9%). Northern Mindanao was next with PHP13.05 billion (12.0%), followed by Central Luzon with PHP11.97 billion (11.0%). Cagayan Valley’s domestic trade contributed the least share among the regions with only PHP130 thousand.

Central Luzon leads the highest favorable trade balance

In the third quarter of 2012, Central Luzon posted the most favorable trade balance at PHP13.10 billion. Other region which surpassed the billion positive trade balance was National Capital Region (NCR) PHP10.78 billion and Bicol Region PHP1.10 billion. On the other hand, Eastern Visayas suffered an unfavorable trade balance of negative PHP4.92 billion. Other regions with more than a billion negative trade balances were Zamboanga Peninsula (PHP3.76 billion), Caraga (PHP3.76 billion), Davao Region (PHP3.39 billion), CALABARZON (PHP2.88 billion), Western Visayas (PHP2.69 billion), MIMAROPA (PHP2.59 billion), and SOCCSKSARGEN (PHP1.38 billion).

Likewise, Central Luzon posted the most favorable trade balance at PHP11.58 billion in the third quarter of 2011. Other region which surpassed the billion positive trade balance was National Capital Region (NCR) PHP9.56 billion. On the other hand, Western Visayas suffered an unfavorable trade balance of negative PHP6.90 billion.

Notes:

1. DOMSTAT reports from the following provinces/cities were not yet received as of December 13, 2012, and were not included in this special release:
   1. Marinduque - Air (July 2012)
   2. Romblon - Coastwise (July to September 2012)
   3. Sorsogon - Coastwise (August &September 2012)
   4. Antique - Coastwise (July to September 2012)
   5. Iloilo - Coastwise (July 2012)
   6. Northern Samar - Coastwise (July to September 2012)
                                            Air (July to September 2012)
      
   7. Basilan - Coastwise (September 2012)
   8. Zamboanga Sur - Coastwise (July to September 2012)
   9. Davao Sur - Coastwise (July 2012)
                                   Air (September 2012)
      
   10. Sulu - Coastwise (July to September 2012)