Domestic Trade Value Down in Q4

Goods traded within the country declined by 25 percent in the fourth quarter of 2024 from the previous year amid the series of typhoons that hit the country.

- — Louella Desiderio

Preliminary data released by the Philippine Statistics Authority (PSA) showed that domestic trade value went down to P246.22 billion from October to December 2024 compared to P326.56 billion in the same period last year.

The PSA said 99.9 percent of the commodities that flowed within the country in the fourth quarter of 2024 were traded through water, while the rest were traded through air.

In terms of volume, domestic trade also decreased by 26 percent to 6.23 million tons from 8.41 million tons in the same quarter of 2023.