Wednesday, June 19, 2019
The region posted a $235.41 million surplus in the total Balance of Trade in Goods (BoT-G) in March 2019, more than three times (310.08 percent) higher than the $57.41 million surplus in the same period in 2018.
The region’s total trade in goods in March 2019 surged to $267.75 million from $96.94 million in the same period in 2018, an increase of 176.20 percent.
Total value of exports amounted to $251.58 million, more than two times (225.99 percent) higher compared with the $77.17 million in March 2018. Total value of imports, meanwhile, was recorded at $16.17 million, lower by 18.19 percent compared with the $19.77 million imports posted in the same period in 2018 (Table 1).
The region’s total volume of exports in March 2019 was posted at 69.93 million kilograms valued at $251.58 million. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $142.81 million (Table 2). This accounted for more than half or 56.76 percent of the region’s total export revenue in March 2019. Hong Kong was the top export market destination with $99.11 million total export revenue, which shared 39.40 percent of the region’s total exports (Table 3).
The region’s total imports amounted to $16.17 million in March 2019 with total gross weight of 43.59 million kilograms. Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof commodity group was the major import during the month with total revenue of $4.49 million, comprising 27.76 percent of the region’s total imports in March 2019 (Table 4). The top import supplier of the region in March 2019 was Vietnam with total import bill of $6.87 million, comprising 42.49 percent of the region’s total imports (Table 5).
SGD. WILMA A. PERANTE