Eastern Visayas posts $183.75 Million Trade Surplus in July 2019

Reference Number: 

201910-0800-54

Release Date: 

Monday, October 28, 2019

The region posted a $183.75 million surplus in the total Balance of Trade in Goods (BoT-G) in July 2019, higher by 243.26 percent compared with the $53.53 million trade surplus in July 2018.

The region’s total volume of exports in July 2019, weighing 70.37 million kilograms, was valued at $199.85 million. This is almost three times (188.19 percent) of the $69.35 million exports in July 2018. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $97.68 million. This accounted for 48.87 percent of the region’s total export revenue in July 2019 (Table 2). Hong Kong was the top export market destination with $91.37 million total export revenue, which shared 45.72 percent of the region’s total exports (Table 3).

The region’s total imports slightly increased by 1.80 percent, from $15.82 million in July 2018 to $16.10 million in July 2019 with total gross weight of 50.26 million kilograms. Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes commodity group was the major import during the month with total revenue of $3.97 million, comprising 24.64 percent of the region’s total imports in July 2019 (Table 4). The top import supplier of the region in July 2019 was Vietnam with total import bill of $3.50 million, comprising 21.75 percent of the region’s total imports (Table 5). 

 

SGD. WILMA A. PERANTE
Regional Director
 
 

Tags: 

Attachments: