Philippines Water-Based Trade's Value Rises to Almost $US2 BLN

MANILA, May 6 Asia Pulse - The value of the Philippine's domestic trade through water rose by some PhP11.02 billion to PhP76.91 billion(US$1.9 billion) in 2007's third quarter from PhP65.89 billion during the second quarter that year.

The latest preliminary data on the matter National Statistics Office (NSO) released this month show hiked value of water-based trade in nine Philippine regions during the third quarter helped push such rise.

These areas are National Capital Region (PhP28.71 billion), Ilocos Region (PhP969 million), Central Luzon (PhP12.58 billion), Western Visayas (PhP7.66 billion), Eastern Visayas (PhP7.09 billion), Davao Region (PhP4.68 billion), SOCCSKSARGEN (PhP2.22 billion), CARAGA (PhP4.93 billion) and Autonomous Region of Muslim Mindanao (PhP343 million).

NSO said these regions value of trade through water during the second quarter last year reached only PhP24.29 billion, zero, PhP9.07 billion, PhP4.93 billion, PhP4.63 billion, PhP2.69 billion, PhP1.79 billion, PhP2.46 billion and PhP177 million, respectively.

Central Mindanaos SOCCSKSARGEN covers the provinces of South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos City.

CARAGA, in northeastern Mindanao, covers the provinces of Agusan del Norte, Agusan del Sur, Dinagat Islands, Surigao del Norte and Surigao del Sur.

Commodities traded during the reference period included food and live animals; beverages and tobacco; inedible crude materials except fuels; mineral fuels, lubricants and related materials; animal and vegetable oils, fats and waxes; chemical and related products; manufactured goods classified chiefly by material; machinery and transport equipment; miscellaneous manufactured articles.

NSO data also show regions where value of trade through water declined in 2007s third quarter from levels during the second quarter that year are CALABARZON (PhP266 million), MIMAROPA (PhP917 million), Bicol (PhP1.34 billion), Central Visayas (PhP874 million), Zamboanga Peninsula (PhP870 million) and Northern Mindanao (PhP3.47 billion).

Value of water-based trade in these regions during 2007s second quarter was higher at PhP315 million, PhP1.87 billion, PhP1.85 billion, PhP1.21 billion, PhP1.52 billion and PhP9.10 billion, respectively.

Cordillera Administrative Region and Cagayan Valley posted during this period zero water-based trade value, however.

The provinces of Cavite, Laguna, Batangas, Rizal and Quezon comprise CALABARZON.

MIMAROPA covers the provinces of Oriental Mindoro, Occidental Mindoro, Marinduque, Romblon and Palawan.

NSO data likewise show value of trade through water helped push to PhP77.39 billion total domestic trade value of the country in 2007's third quarter.

For this period, value of domestic trade through air reached PhP484.85 million while NSO reported no transaction for rail-based trade then.

Value of total domestic trade in 2007s third quarter exceeded the PhP65.99 billion value posted in the second quarter of that year.

(PNA)

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