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Domestic trade rises 12.3% by value in 2018

domestic trade rises 12 3 by value in 2018 816x445 - Domestic trade rises 12.3% by value in 2018

DOMESTIC TRADE in 2018 rose 10.2% by volume to 25.78 million tons and 12.3% by value to P859.67 billion, the Philippine Statistics Authority said in its Highlights of Domestic Trade report issued Tuesday.

It said in the report dated Tuesday that the highest-value category of goods traded domestically was machinery and transport equipment, worth P276.06 billion, or 32.1% of all traded commodities. The next-largest category was food and live animals, which were worth P208.36 billion. The bottom category was animal and vegetable oils, worth P4.58 billion.

By region, the National Capital Region shipped out goods worth P326 billion, or 38% of the total. The PSA statement listed Eastern Visayas as the second-largest source of domestically-shipped goods, with P110.02 billion, followed by Western Visayas with P105.35 billion.

Central Visayas was the top destination of domestic goods, taking in P169.72 billion, followed by the Western Visayas with P140.39 billion.

The NCR had the biggest positive trade balance with the rest of the regions at P234.62 billion. Only three other regions had favorable trade balances — Central Luzon (P40.76 billion), Eastern Visayas (P64.4 billion) and the Autonomous Region in Muslim Mindanao (P3.84 billion).

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