A. Quantity

1. Quantity of domestic trade decreased

The total number of domestic trades in the first quarter of 2022 was registered at 559.6 thousand tons. This represents a year-on-year decrease of -79.0 percent. In the fourth quarter of 2021, it grew by 13.2 percent. Meanwhile, in the same quarter of 2021, the annual increase was recorded at 167.5 percent. Majority (99.8%) of the commodities were traded through water (coastwise), while the rest were traded through air. (Figure 1 and Table A)

2. Central Luzon led in terms of quantity of traded commodities

By region, Central Luzon (Region III) recorded the highest quantity of traded commodities with 686.4 thousand tons or 20.3 percent share of the total in the first quarter of 2022. This was followed by Western Visayas (Region VI) with a quantity of 567.8 thousand tons (16.8%), and Central Visayas (Region VII) with 559.7 thousand tons (16.5%). (Figure 2 and Table 2)

B. Value

1. Value of domestic trade fall

Domestic trade value is the outflow value which refers to the value of commodities that goes out from a specified region/province to another region/province.

The total value of domestic trade in the first quarter of 2022 amounted to PhP24.04 billion. This indicates an annual increase of 10.6 percent from the PhP21.73 billion value of domestic trade in the same period of 2021.

By mode of transport, the total value of traded commodities through water accounted for almost all (99.9%) of the total commodities that flow within the region, while the remaining were traded through air. (Figure 3 and Table 2)

2. Eastern Visayas recorded the highest value of traded commodities

Among the regions, Eastern Visayas (Region VIII) ranked first with a total value of traded commodities of PhP30.21 billion or 22.2 percent share of the total in the first quarter of 2022. This was followed by Western Visayas (Region VI) with PhP28.39 billion (20.9 %) traded commodities and Central Visayas with PhP24.04 billion (17.7%). (Figure 4 and Table 2)

3. Inflow Value

Inflow refers to the value of commodities that come into a specified region/province from other regions/provinces.

Central Visayas posted an inflow value of domestic trade at PhP23.58 billion or 17.4 percent of the Philippines’ total inflow value. This indicates an annual increase by 10.8 percent as compared to the PhP21.28 billion inflow value in the first quarter of 2021.

By mode of transport, the total inflow value of traded commodities through water accounted for almost all the total inflows in the region.  (Figure 5 and Table 3)

4. Central Visayas recorded a positive trade balance

The trade balance is the difference between the outflow value and inflow value.

Central Visayas recorded a favorable traded balance of PhP462.59 million in the first quarter of 2022 while the recorded trade balance in the fourth quarter of 2021 at –PhP4.77 billion.  Moreover, the trade balance in the first quarter of the previous year was recorded at PhP451.47 million.  (Figure 6 and Table 3)

Approved by:

(SGD.) ARIEL E. FLORENDO
Regional Director