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Bacolod City, PhilippinesMonday, April 2, 2012
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PHL domestic trade up
by 5 percent in Q4

The total value of commodities traded within the country rose by 4.6 percent to P124.84 billion in the fourth quarter of 2011 from P119.33 billion in the same period of 2010.

Trade transactions through water were the major mode of transport, comprising 98.9 percent in the fourth quarter of 2010 and 99.4 percent in the same period of last year.

The total quantity of domestic trade transactions in the fourth quarter of 2011 increased by 26.3 percent, from 4.37 million tons reported during the same period last year to 5.52 million tons.

The commodities were traded mostly through water transport systems comprising 99.9 and 99.8 percent in the fourth quarter of 2011 and 2010, respectively.

Food and live animals contributed the largest among the commodities that were transacted throughout the country in the fourth quarter of 2011, amounting to P35.33 billion.

This was followed by machinery and transport equipment with P26.97 billion and manufactured goods classified chiefly by materials with P17.15 billion.

Animal and vegetable oils, fats and waxes shared the least value of P1.31 billion.

In the fourth quarter of 2011, most of the traded commodities originated from the National Capital Region with value of domestic trade amounting to P29.55 billion.

Central Visayas was second with P22.07 billion, followed by Western Visayas with P16.41 billion, and Northern Mindanao with P12.71 billion.

In the fourth quarter of 2011, Central Luzon posted the most favorable trade balance at P11.73 billion. Other regions which surpassed the billion-peso positive trade balance were NCR, P4.77 billion, and Eastern Visayas, P2.12 billion.

On the other hand, Caraga suffered an unfavorable trade balance of negative P7.40 billion.

Other regions with more than a billion-peso negative trade balances were Zamboanga Peninsula, P3.26 billion; CALABARZON, P2.83 billion; Northern Mindanao, P1.13 billion, and SOCCSKSARGEN, P1.04 billion. *PNA 

 

 

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