Eastern Visayas posts $211.36 million trade surplus in January 2019

By PSA-8
April 17, 2019

TACLOBAN CITY – The region posted a $211.36 million surplus in the total Balance of Trade in Goods (BoT-G) in January 2019, in contrast to the $41.77 million deficit in the same period in 2018.

The region’s total trade in goods in January 2019 increased to $227.93 million from $203.72 million in the same period in 2018, an increase of 11.88 percent.

Total value of exports amounted to $219.65 million, almost three times (171.25 percent) higher compared with the $80.98 million in January 2018. Total value of imports, meanwhile, was recorded at $8.29 million, significantly lower by 93.25 percent compared with the $122.75 million imports posted in the same period in 2018.

The region’s total volume of exports in January 2019 posted at 131.86 million kilograms was valued at $219.65 million. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $137.41 million. This accounted for 62.56 percent of the region’s total export revenue in January 2019. Hong Kong was the top export market destination with $73.90 million total export revenue, which shared 33.64 percent of the region’s total exports.

The region’s total imports of $8.29 million in January 2019recorded a total gross weight of 58.50 million kilograms. Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof commodity group was the major import during the month with total revenue of $1.47 million, this comprised 17.76 percent of the region’s total imports in January 2019.The top import supplier of the region was Vietnam with total import bill of $2.35 million, which comprised 28.31 percent of the region’s total imports.