TACLOBAN CITY- The region posted a $61.34 million surplus in the total Balance of Trade in Goods (BoT-G) in October 2019, 65.84 percent higher compared with the $36.99 million trade surplus in the October 2018.
The region’s total trade in goods in October 2019 increased to $104.62 million from $65.80 million in the same period in 2018, a significant growth by 58.99 percent.
The region’s total volume of exports in October 2019, weighing 67.10 million kilograms, was valued at $82.98 million. This was 61.46 percent higher compared with the $51.39 million exports in October 2018.
The commodity group of natural or cultured pearls, precious or semi-precious stones, precious metal, metal clad with precious metals and articles thereof; imitation jewellery; coin was the major export during the month in review with total revenue of $50.26 million.
This accounted for 60.57 percent of the region’s total export revenue in October 2019.
Hong Kong was the top export market destination with $50.26 million total export revenue, which shared 60.57 percent of the region’s total exports.
The region’s total imports increased by 50.21 percent, from $14.41 million imports in October 2018 to $21.64 million in October 2019, with total gross weight of 60.18 million kilograms.
Ores, slag and ash commodity group was the major import during the month with total revenue of $13.32 million, comprising 61.58 percent of the region’s total imports in October 2019.
The top import supplier of the region in October 2019 was Peru with total import bill of $13.10 million, comprising 60.55 percent of the region’s total imports.(PR)