Eastern Visayas posts $225.80 Million Trade Surplus in June 2019

Reference Number: 

201910-0800-50

Release Date: 

Wednesday, October 16, 2019

The region posted a $225.80 million surplus in the total Balance of Trade in Goods (BoT-G) in June 2019, in contrast to the $0.99 million trade deficit in the same period in 2018.

The region’s total trade in goods in June 2019 surged to $259.63 million from $14.90 million in the same month in 2018, more than 16 folds increase (1,642.76 percent).

The region’s total exports in June 2019, weighing 128.69 million kilograms, was valued at $242.71 million. This is more than 33 times (3,390.37 percent) of the $6.95 million exports in June 2018. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $129.81 million. This accounted for more than half or 53.48 percent of the region’s total export revenue in June 2019 (Table 2). People’s Republic of China was the top export market destination with $69.71 million total export revenue, which shared 28.72 percent of the region’s total exports (Table 3).

The region’s total imports drastically increased by 112.93 percent, from $7.94 million in June 2018 to $16.91 million in June 2019 with total gross weight of 76.89 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 $4.26 million, comprising 25.19 percent of the region’s total imports in June 2019 (Table 4). The top import supplier of the region in June 2019 was Vietnam with total import bill of $5.29 million, comprising 31.28 percent of the region’s total imports (Table 5).

 

SGD. WILMA A. PERANTE
Regional Director

 

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