Total trade of goods in Eastern Visayas grew by 66.69 percent to USD 226.64 million in May 2021 from USD 135.97 million in May 2020.
The increases in both exports and imports resulted to the upswing in trade performance. The total value of exports recorded a 55.76 percent increase from USD 129.05 million in May 2020 to USD 201.01 million in May 2021. While the total value of imports grew by almost four-folds from USD 6.91 million in May 2020 to USD 25.63 million in May 2021.
Balance of Trade in Goods (BoT-G) stood at USD 175.38 million in May 2021, up by 43.58 percent from USD 122.14 million in May 2020. The region sustained its trade surplus in May 2021 with exports comprising 88.69 percent of the region’s total trade while imports contributed 11.31 percent.
The total volume of goods exported by the region in May 2021 was 161.89 million kilograms valued at USD 201.01 million. The region’s top export was the commodity group of copper and articles thereof worth USD 194.97 million or 96.99 percent of the total value of exports in May 2021. The People’s Republic of China was the region’s top export destination in May 2021 covering USD 138.48 million or more than two-thirds (68.89%) of the region’s export value.
The total volume of imported goods in May 2021 was 111.69 million kilograms valued at USD 25.63 million. The region’s top import was the commodity group of mineral fuels, mineral oils and products of their distillation, bituminous substances, mineral waxes . This accounted for USD 16.84 million or almost two-third (65.70%) of the total import value of the region in May 2021. The top import supplier of the region was Singapore which accounted for USD 15.20 million or more than one-half (59.29%) of the total import value of the region in May 2021.