Domestic trade up in 1Q
Posted on July 8, 2010
Filed Under Domestic Trade | Leave a Comment
Domestic trade transactions in the first quarter of 2010 increased by 26.3 percent to 4.24 million tons from 3.36 million tons compared to the same period of last year.
The National Statistics Office (NSO) said the commodities were traded mostly through water comprising 99.8 percent and 99.7 percent in the first quarter of 2009 and 2010, respectively.
On the other hand, the total value of commodities flowed within the country increased by 10.4 percent to P93.7 billion in the first quarter of 2010 from P84.86 billion in the same period last year.
Shipment through water was the major mode of transport with the same percentage shares of 99.3 percent in the first quarter of 2009.
Among the commodities that were traded in the first quarter of 2010 included food and live animals which contributed the largest share amounting to P27.07 billion (28.9%). This was followed by machinery and transport equipment with P20.45 billion (21.8%) and mineral fuels, lubricants and related materials followed with P16.79 billion (17.9%). Animal and vegetable oils, fats and waxes shared the least value of P1.65 billion.
Likewise, food and live animals dominated the domestic trade in the first quarter with a share of 32.6 percent (P27.70 billion) of the total value. This was followed by machinery and transport equipment with 18.8 percent share (P15.93 billion), mineral fuels, lubricants and related materials with a share of 14.8 percent share (P12.5 billion). Contributing the least value of P1.03 billion (1.2 percent) was animal and vegetable oils, fats and waxes. (mb.com.ph)
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