Eastern Visayas' Trade Surplus increases by 8.17% in September 2020

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Wednesday, December 23, 2020
Eastern Visayas’ surplus in the total Balance of Trade in Goods (BoT-G) expanded by 8.17 percent in September 2020. The $108.09 million trade surplus in September 2019 rose to $116.93 million trade surplus in September 2020.
The region’s total trade in goods inched up by 0.66 percent in September 2020 to $146.02 million from $145.06 million in the same period in 2019 (Table 1).
The total value of exports in September 2020 was posted at $131.47 million, weighing 122.89 million kilograms. This value is higher by 3.87 percent compared with the $126.58 million exports in September 2019. The major export during this month was the commodity group of copper and articles thereof, which accounted for 91.96 percent of the region’s total export revenue. This generated $120.90 million total revenue (Table 2). The People’s Republic of China was the top export market destination with $76.16 million total export revenue. This accounted for more than half (57.93%) of the region’s total exports in September 2020 (Table 3).
The region’s total value of imports declined by 21.30 percent. The $18.49 million imports in September 2019 decreased to $14.55 million in September 2020, with total gross weight of 102.62 million kilograms. Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes commodity group was the major import during the reference month with a total revenue of $6.51 million. This comprised the bulk or 44.76 percent of the region’s total imports in September 2020 (Table 4). The top import supplier of the region during the month in review was Indonesia. Its total import bill of $3.25 million comprised 22.34 percent of the region’s total imports (Table 5).
Regional Director