posts $161.4 million trade surplus in April 2019
July 10, 2019
TACLOBAN CITY Ė The
region posted a $161.4 million surplus in the total Balance of Trade
in Goods (BoT-G) in April 2019, in contrast to the $58.9 million
trade deficit in the same period in 2018.
The regionís total trade
in goods in April 2019 surged to $199.0 million from $81.7 million
in the same period in 2018, an increase of 143.5 percent.
Total value of exports
amounted to $180.2 million, more than 15 times (1,475.3 percent)
higher compared with the $11.4 million in April 2018. Total value of
imports, meanwhile, was recorded at $18.8 million, lower by 73.2
percent compared with the $70.3 million imports posted in the same
period in 2018 (Table 1).
The regionís total volume
of exports in April 2019 was posted at 116.5 million kilograms
valued at $180.2 million. The commodity group of copper and articles
thereof was the major export during the month in review with total
revenue of $75.1 million. This accounted for 41.7 percent of the
regionís total export revenue in April 2019 (Table 2). Hong Kong was
the top export market destination with $72.0 million total export
revenue, which shared 40.0 percent of the regionís total exports
The regionís total imports
amounted to $18.8 million in April 2019 with total gross weight of
54.7 million kilograms. Inorganic chemicals; organic or inorganic
compounds of precious metals, of rare-earth, of radio-active
elements or of isotopes commodity group was the major import during
the month with total revenue of $6.0 million, comprising 31.8
percent of the regionís total imports in April 2019 (Table 4).
The top import supplier of
the region in April 2019 was Vietnam with total import bill of $4.2
million, comprising 22.0 percent of the regionís total imports