Eastern Visayas posts $89.19 Million Trade Surplus in November 2019

Reference Number: 

202002-0800-12

Release Date: 

Thursday, February 27, 2020

The region posted an $89.19 million surplus in the total Balance of Trade in Goods (BoT-G) in November 2019 in contrast with the $40.16 million trade deficit in November 2018.

The region’s total trade in goods in November 2019 declined to $102.99 million from $109.04 million in the same period in 2018, a slight decrease by 5.54 percent (Table 1).

The region’s total volume of exports in November 2019, weighing 125.68 million kilograms, was valued at $96.09 million. This was more than two – folds (179.00 percent) of the $34.44 million exports in November 2018. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $85.45 million. This accounted for 88.92 percent of the region’s total export revenue in November 2019 (Table 2). Thailand was the top export market destination with $30.65 million total export revenue, which shared 31.89 percent of the region’s total exports in November 2019 (Table 3).

The region’s total value of imports significantly decreased by 90.75 percent, from $74.60 million imports in November 2018 to $6.90 million in November 2019, with total gross weight of 37.96 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 $3.60 million, comprising more than half or 52.10 percent of the region’s total imports in November 2019 (Table 4). The top import supplier of the region in November 2019 was People’s Republic of China with total import bill of $2.64 million, comprising 38.24 percent of the region’s total imports (Table 5).

 

SGD. WILMA A. PERANTE
Regional Director
 
 

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