Despite easing quarantine restrictions, the volume and value of goods traded across the country sustained their year-on-year slide in the third quarter although at a slower pace compared to the second quarter when 75 percent of the economy was under the most stringent COVID-19 lockdown in the region.
The Philippine Statistics Authority’s (PSA) latest preliminary domestic trade statistics showed that the third-quarter volume fell 61.6 percent to 2.29 million tons from 5.98 million tons a year ago.
The bulk or 99.95 percent of the products were traded coastwise or through water, while the remaining 0.05 percent were traded through air.
From July to September, beverages and tobacco…
Keep on reading: Domestic trade volume, value down sharply