QUANTITY OF DOMESTIC TRADE POSTS TWO-DIGIT GROWTH
The total quantity of domestic trade during the third quarter of 2017 was registered at 4.86 million tons, up by 18.9 percent from 4.09 million tons of the same quarter a year ago. Food and live animals commodities ranked first, in terms of quantity, with 1.16 million tons or 23.9 percent share of all the traded commodities. Animal and vegetable oils, fats and waxes had the least quantity with only 0.02 million tons.
Similarly, value of domestic trade in the third quarter of 2017 was recorded at PHP153.99 billion. It increased by 3.3 percent from PHP149.14 billion posted in the same quarter of previous year.
About 99.85 percent of the total value commodities that flow in the country was traded by means of water and the remaining 0.15 percent, through air.
MACHINERY AND TRANSPORT EQUIPMENT ACCOUNT FOR 34.4 PERCENT OF TOTAL VALUE OF TRADED COMMODITIES
Machinery and transport equipment commodities topped the list with value amounting to PHP53.09 billion or 34.4 percent of the total value. This commodity also ranked first during the same quarter a year ago with value of PHP47.31 billion or 31.7 percent share of the total traded commodities. Food and live animals posting at PHP36.64 billion and manufactured goods classified chiefly by material with value amounting to PHP18.73 billion placed second and third, respectively. The rest of the traded commodities with their corresponding values in the third quarter of 2017 were the following:
- Mineral fuels, lubricants and related materials, PHP12.67 billion;
- Chemical and related products n.e.c., PHP9.52 billion;
- Beverages and tobacco, PHP6.45 billion;
- Miscellaneous manufactured articles, PHP5.86 billion;
- Commodities and transactions n.e.c., PHP5.35 billion;
- Crude materials, inedible except fuels, PHP4.29 billion; and
- Animal and vegetable oils, fats and waxes, PHP1.40 billion.
CENTRAL VISAYAS SHARES 19.34 PERCENT OF THE TOTAL QUANTITY OF TRADED COMMODITIES
Central Visayas posted the highest quantity of all traded commodities among the regions with 0.94 million tons during the third quarter of 2017. This was followed by Central Luzon and Northern Mindanao with 0.86 million tons and 0.79 million tons, respectively. Other regions with corresponding quantity were the following:
- Western Visayas, 0.47 million tons;
- Davao Region, 0.44 million tons;
- NCR, 0.42 million tons;
- Eastern Visayas, 0.26 million tons;
- Bicol Region, 0.23 million tons;
- CALABARZON, 0.10 million tons;
- Caraga, 0.09 million tons;
- SOCCSKSARGEN, 0.08 million tons;
- Zamboanga Peninsula, 0.07 million tons;
- ARMM, 0.06 million tons; and
- MIMAROPA, 0.05 million tons.
OUTFLOW AND INFLOW VALUE OF TRADED COMMODITIES SLIGHTLY INCREASE IN THE THIRD QUARTER OF 2017
Outflow refers to the total quantity value of commodities which goes out of the specified region or province while Inflow refers to the total qunatity value of commodities coming in the specified region. Trade balance is the difference between the outflow and inflow.
Total outflow and inflow value in the third quarter of 2017 summed up to PHP153.99 billion, an increase of 3.3 percent, from PHP149.14 billion recorded in the same quarter in 2016. Among the regions, National Capital Region (NCR) registered the highest outflow value amounting to PHP31.52 billion or 20.4 percent from the total. It was followed by Western Visayas and Eastern Visayas with PHP27.11 billion and PHP24.65 billion, respectively.
Meanwhile, Central Visayas had the highest inflow value amounting to PHP28.03 billion or an 18.2 percent of the total inflow in the third quarter of 2017. On the other hand, Cagayan Valley posted the lowest inflow value at PHP14.30 million.
EASTERN VISAYAS LEADS FAVORABLE TRADE BALANCE
Six regions (6) posted positive trade balances in the third quarter of 2017. Eastern Visayas registered the highest trade balance of PHP16.94 billion. It was followed by NCR with value amounting to PHP11.93 billion. Other regions having the positive trade balance were the following:
- Central Luzon, PHP7.77 billion;
- Davao Region; PHP4.77 billion;
- SOCCSKSARGEN, PHP1.20 billion; and
- ARMM, PHP0.67 billion.
On the other hand, ten regions (10) with unfavorable trade balance during the third quarter of 2017 were the following:
- Caraga, PHP23.92 billion;
- CALABARZON, PHP4.96 billion;
- Zamboanga Peninsula, PHP3.81 billion;
- Central Visayas, PHP3.57 billion;
- MIMAROPA, PHP3.08 billion;
- Northern Mindanao, PHP2.18 billion;
- Ilocos Region, PHP1.09 billion;
- Western Visayas, PHP0.64 billion; and
- Cagayan Valley, PHP0.01 billion
- Bicol Region, PHP0.01 billion.
Commodity flow or domestic trade statistics is a compilation of data on commodities carried through the air, rail, and water transport systems in the country.
The Philippine Statistics Authority (PSA) compiles domestic trade statistics from copies of coasting manifests and coastwise passenger manifest collected from the Philippine Ports Authority and copies of airway bills to generate commodity flow or domestic trade statistics. Coasting manifest were collected from major ports and other active seaports listed by the PPA all over the country to account for transactions that went through seaports.
Data on the inflow and outflow of commodities in the different regions of the country are used to construct inter-regional and inter-industry relation tables.
All copy of documents were compiled and processed by the provincial statistical offices. Final data review of the data files, generation of statistical tables, and preparation of Special Release were done at the Trade Statistics Division (TSD). All documents received as of 6 June 2017 were processed and included in the generation of 2017 First Quarterly statistical tables. Documents received after the deadline are included in the final tabulation.
The 1993 Philippine Standard Commodity Classification (PSCC) is used to classify the commodities at the 5-digit (item) for coastwise statistics and 3-digit (group) for air statistics for statistical purposes.
DOMSTAT reports from the following provinces/cities were not yet received as of 15 September 2017 and thus, were not included in this Special Release:
Mode of Transport
Month (3rd Quarter)
July - September 2017
|b. Occidental Mindoro||
July - September 2017
July - September 2017
|Coastwise||July & September 2017|
|Coastwise||August & September 2017|
|f. Surigao del Norte||
July - September 2017
Detailed data on domestic trade statistics are available at the Trade Statistics Division (TSD) - Economic Sector Statistics Service (ESSS) with telephone number: 376-19-75.
Limitations of Domestic Trade Statistics
The domestic trade statistics contained in this report pertains to the flow of goods through airports and seaports in the country, whether for government or private use, or for commercial purposes. Domestic trade through land was excluded because of an absence of an approach to data in the archipelagic island of the country. Moreover, data on rail transport is also excluded.
Air waybills, on the other hand, were collected from the Philippine Airlines accounting for transactions that passes through all airports.
Goods and/or commodities that were excluded in the compilation of data are:
a. Goods transported by vessels of the Philippine Navy.
b. Fish and other marine products landed directly from the sea.
c. Service cargoes for consumption of the vessel crew.