The region posted a $217.5 million surplus in the total Balance of Trade in Goods (BoT-G) in May 2019, in contrast to the $49.4 million trade deficit in the same period in 2018.
The region’s total trade in goods in May 2019 increased to $251.4 million from $177.4 million in the same period in 2018, an increase by 41.7 percent (Table 1).
The region’s total exports in May 2019, weighing 133.8 million kilograms, was valued at $234.4 million. This is more than three folds (266.5 percent) of the $64.0 million exports in May 2018. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $95.0 million. This accounted for 40.5 percent of the region’s total export revenue in May 2019 (Table 2). Hong Kong was the top export market destination with $64.8 million total export revenue, which shared 27.6 percent of the region’s total exports (Table 3).
The region’s total imports drastically dropped by 85.1 percent, from $113.4 million in May 2018 to $16.9 million in May 2019 with total gross weight of 47.5 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 $5.5 million, comprising 32.6 percent of the region’s total imports in May 2019 (Table 4). The top import supplier of the region in May 2019 was Vietnam with total import bill of $4.9 million, comprising 29.2 percent of the region’s total imports (Table 5).