Quantity and value of domestic trade decrease
The total quantity of domestic trade transactions in 2011 decreased by 6.3 percent, from 20.28 million tons reported in 2010 to 19.00 million tons. The commodities were traded mostly through water, comprising 99.8 percent of the total domestic trade (Figure 1).
Similarly, the total value of commodities that flowed within the country decreased by 2.4 percent, from PhP513.63 billion in 2010 to PhP501.36 billion in 2011. Shipment through water was the major mode of transport with 99.4 percent share (Figure 2).
Food and live animals lead in total domestic trade value
Among the commodities that were transacted throughout the country in 2011, food and live animals contributed the largest value amounting to PhP142.14 billion (28.4%). This was followed by machinery and transport equipment with PhP108.26 billion (21.6%), and manufactured goods classified chiefly by materials with PhP68.97 billion (13.8%). Animal and vegetable oils, fats and waxes shared the least value of PhP6.59 billion (1.3%) (See Table A).
Mineral fuels, lubricants and related materials led the commodity trading in Luzon with a share of 22.8 percent (PhP45.98 billion) to the total value of commodities traded in the island group. This was followed by food and live animals with PhP42.07 billion (20.9%). Manufactured goods classified chiefly by material placed third with PhP35.24 billion (17.5%) (See Table 4).
In the Visayas, the top three commodity sections, in terms of its contribution to the total value of commodities traded were machinery and transport equipment, food and live animals, machinery and transport equipment, and manufactured goods classified chiefly by material with values PhP60.17 billion (32.0%), PhP56.54 billion (30.1%) and PhP20.28 billion (10.8%), respectively (See Table 4).
On the other hand, food and live animals topped the list of commodities traded in Mindanao, contributing 38.9 percent (PhP43.52 billion) of the total value of commodities traded in the island group. Machinery and transport equipment ranked second sharing 18.5 percent (PhP20.74 billion). This was followed by manufactured goods classified chiefly by material with PhP13.45 billion (12.0%) (See Table 4).
National Capital Region (NCR) dominates value of domestic trade
NCR accounted for the largest share among the regions at 26.8 percent (PhP134.15 billion) in the total value of domestic trade in 2011. Central Visayas was next with transactions amounting to PhP83.29 billion (16.6%). Western Visayas followed closely, contributing PhP57.74 billion (11.5%). Northern Mindanao was on fourth with PhP49.61 billion (9.9%). While Eastern Visayas ranked fifth with PhP47.00 (9.4%). Cagayan Valley’s domestic trade contributed the least share with only PhP328 thousand (See Figure 4).
Of the total value of commodities coming from NCR, the major regions of destination were Central Visayas (PhP36.84 billion), Western Visayas (PhP31.90 billion), Northern Mindanao (PhP20.15 billion), and Davao Region (PhP16.66 billion). Meanwhile, the top three commodities traded from NCR were food and live animals, manufactured goods classified chiefly by material, and machinery and transport equipment with values amounting to PhP32.91 billion (24.5%), PhP32.56 (24.3%) and PhP25.71 (19.2%), respectively. (See Table C2).
Central Luzon posts the highest favorable trade balance
Central Luzon posted the most favorable balance of trade in 2011 at PhP43.64 billion. Other regions which surpassed the billion positive trade balance were NCR (PhP33.55 billion), Eastern Visayas (PhP10.17 billion), SOCCSKSARGEN (PhP5.40 billion), and Bicol (PhP1.87). On the other hand, Caraga recorded the biggest unfavorable trade balance of negative PhP20.44 billion (See Figure 5).