DOMESTIC trade volume posted a double-digit decline in the second quarter of the year due to lower quantity of some of the commodities delivered, a report from the Philippine Statistics Authority (PSA) showed.
DOMESTIC trade volume posted a double-digit decline in the second quarter of the year due to lower quantity of some of the commodities delivered, a report from the Philippine Statistics Authority showed.The total quantity of goods traded from May to June totaled 4.10 million metric tons , 38.2 percent lower than 6.64 million MT posted in the same period last year.The latest volume, meanwhile, represents a reversal from the 43.1-percent annual increase logged in the first quarter of 2024.
Among the regions, the highest volume of traded commodities was recorded in Central Luzon with 1.09 million MT or 26.5-percent share of total trade during the second quarter.The National Capital Region followed with 1.05 million MT and Western Visayas with 401,311 MT.In terms of value, machinery and transport equipment led among the commodities with traded goods valued at P61.23 billion; food and live animals at P44.86 billion; and manufactured goods classified chiefly by material at P23.
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