Davao region tops domestic trading in Mindanao in 2019 » Manila Bulletin News

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

Davao region tops domestic trading in Mindanao in 2019

Published

By Antonio L. Colina IV

DAVAO CITY – The Davao Region has continued to dominate the domestic trading among the six regions in Mindanao after posting a growth of 34.2-percent in the quantity of domestic commodities traded or a total of 163.140 million metric tons (MT) in the fourth quarter of 2019 as compared to 121.586 million MT in the same quarter of 2018, according to the Philippine Statistics Authority (PSA).

Data also showed that the domestic trade value in the region significantly increased 31.9-percent from P4.3 billion in the fourth quarter of 2018 to P5.7 billion recorded in the same period last year.

Domestic trade value is equal to the outflow value which refers to the value of commodities that goes out from a specified region or province, according to PSA.

Zamboanga Peninsula also increased by 2.96-percent, growing to 43.630 million MT in the fourth quarter from 42.374 million MT in the same period of 2018.

Aside from Zamboanga and Davao, domestic trade in other regions in Mindanao recorded a decrease in the fourth of 2019 as against the same quarter of 2018. The Northern Mindanao recorded the biggest drop from 3.29 million MT in the fourth quarter of 2018 to 391.871 million in 4th quarter of 2019; Soccsksargen, 72.947 million MT in fourth quarter of 2019 from 138.791 million MT in fourth quarter of 2018; and CARAGA, 152.340 million MT of 2019 from 236.406 million MT of 2018.

No data were provided for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) for 2019 but the BARMM posted 41.015 million MT in domestic trade in fourth quarter of 2018.

According to the PSA, the total quantity of domestic trade during the fourth quarter of 2019 decreased to 3.95 million tons or by 45.4 percent, from 7.24 million tons in the same quarter a year ago. Almost all or 99.8 percent of the commodities were traded through water while the remaining commodities were through air.

By commodity section, food and live animals topped in terms of the quantity of domestic trade in the fourth quarter of 2019 with 1.21 million tons or 30.5 percent share to the total. It was followed by commodities and transactions not classified elsewhere in the Philippine Standard Commodity Classification and mineral fuels, lubricants and related materials with 0.63 million tons (15.9%) and 0.54 million tons (13.8%), respectively.

Related Posts