The Philippine Statistics Authority said the total quantity of domestic trade in the second quarter of 2024 reached 4.10 million tons.
This represents an annual decline of 38.2 percent from the 6.64 million tons recorded in the same quarter of 2023.
The PSA said that in the first quarter of 2024 and second quarter of 2023, the total quantity of domestic trade recorded annual increases of 43.1 percent and 15.8 percent, respectively.
The total value of domestic trade in the second quarter of 2024 amounted to P182.62 billion, down by 14.9 percent from P214.72 billion in the same period of 2023.
Domestic trade value refers to the outflow value of commodities transported from the region/province of origin to another region/province of destination.
Almost all (99.9 percent) of the commodities were traded through water (coastwise), while the rest were traded through air in the second quarter of 2024.
The PSA said that by commodities, food and live animals led in terms of quantity of domestic trade in the second quarter of 2024 with 1.01 million tons or a share of 24.7 percent to the total domestic trade.
This was followed by mineral fuels, lubricants and related materials with 0.95 million tons (23.3 percent) and machinery and transport equipment with 0.52 million tons (12.8 percent).
By region, Central Luzon (Region III) registered the highest quantity of traded commodities with 1.09 million tons or 26.5 percent share to the total domestic trade in the second quarter of 2024.
This was followed by National Capital Region (NCR) with a quantity of 1.05 million tons (25.6 percent) and Western Visayas (Region VI) with 0.40 million tons (9.8 percent).
