Business and Economy
Water-transported commodities still dominate domestic trade
In 2019, domestic trading covered 5,969,318 tons of water-transported commodities and 9,532 tons of air-borne commodities, totaling PHP227.961 billion and PHP380.922 million, respectively. (Pexels photo)
MANILA – Water remained the main carrier of commodities traded within the country during the third quarter (Q3) of the year. Domestically traded commodities transported through water totaled 2,293,409 tons valued at PHP91.185 billion, according to preliminary data released by the Philippine Statistics Authority (PSA) on Thursday.
Air-borne commodities traded nationwide reached 1,152 tons worth PHP7.34 million.
In 2019, domestic trading covered 5,969,318 tons of water-transported commodities and 9,532 tons of air-borne commodities, totaling PHP227.961 billion and PHP380.922 million, respectively.
The PSA data also showed total domestic trading nationwide in the third quarter covered 2,294,561 tons of water- and air-transported commodities valued at PHP91.192 billion.
The quantity and value are lower than the 5,978,850 tons of total domestically traded commodities in 2019 worth PHP228.34 billion.
Among the domestically traded commodities in 2019 and 2020 were food and live animals, beverages and tobacco, machinery and transport equipment, as well as mineral fuels, lubricants, and related materials.
