Eastern Visayas’ total trade in goods in April 2021 amounted to USD 217.55 million. This was lower by 17.31 percent compared with the USD 263.09 million total trade in April 2020.
Total value of exports registered a 23.38 percent decline from USD 261.04 million in April 2020 to USD 200.01 million in April 2021.
Meanwhile, total value of imports increased eight-folds to USD 17.54 million in April 2021 from USD 2.05 million in April 2020.
Balance of Trade in Goods (BoT-G) dropped by 29.54 percent from USD 258.98 million in April 2020 to USD 182.47 million in April 2021 (Table 1). Nonetheless, the region continued to experience trade surplus in April 2021. Exports comprised the bulk or 91.94 percent of the region’s total trade while imports contributed 8.06 percent. People’s Republic of China is the region’s biggest trade partner in April 2021.
The total volume of the region’s exports in April 2021 was 62.17 million kilograms valued at USD 200.01 million.
The biggest chunk of export shipments in April 2021 was the commodity group of copper and articles thereof worth USD 196.05 million or 98.02 percent of the region’s total value of exports. The rest of the shipments were the commodity group of pulp of wood or of other fibrous cellulosic material, recovered (waste and scrap) paper or paperboard worth USD 2.39 million (1.19%); ores, slag and ash commodity group worth USD 1.50 million (0.75%); and inorganic chemicals, organic or inorganic compounds of precious metals, of rare-earth, of radio-active elements or of isotopes commodity group worth USD 0.07 million (0.04%) (Table 2).
Exports to People’s Republic of China comprised more than two-thirds (69.03%) of the region’s export value amounting to USD 138.07 million in April 2021. The rest of the export sales came from Thailand with USD 30.75 million (15.38%), Vietnam with USD 13.28 million (6.64%), Republic of Korea with USD 6.24 million (3.12%), Indonesia with USD 5.44 million (2.72%); India and Malaysia with USD 2.52 million (1.26%) and USD 2.27 million (1.13%), respectively, (Table 3). Export from other countries combined was worth USD 1.44 million or 0.72 percent of the total trade in April 2021 (Table 3).
The total volume of imports in April 2021 was 77.50 million kilograms valued at USD 17.54 million.
The commodity group of mineral fuels, mineral oils and products of their distillation, bituminous substances, mineral waxes accounted for the largest share in the total import value of the region. This comprised USD 10.44 million or 59.49 percent of the region’s total import in April 2021.
Other vegetable textile fibers; paper yarn and woven fabrics of yarn commodity group contributed USD 2.00 million or 11.42 percent of the regional import receipts.
Imported cereals commodity group worth USD 1.26 million was 7.21 percent of the region’s total import value. This was closely followed by the commodity group of inorganic chemicals, organic or inorganic compounds of precious metals, of rare-earth, of radio-active elements or of isotopes valued at USD 1.15 million or 6.56 percent of the import receipts in April 2021. Other commodity groups contributed USD 2.69 million or 15.32 percent of the region’s import bill in April 2021 (Table 4).
The region’s biggest supplier of imported goods was People’s Republic of China with USD 6.61 million or 37.66 percent of the region’s total import value in April 2021. Singapore billed USD 4.02 million (22.91%), followed by Vietnam with USD 1.77 million (10.08%). Ecuador and Indonesia shared USD 1.20 million (6.84%) and USD 1.14 million (6.49%), respectively, to the region’s import value. Other countries combined contributed imports worth USD 2.81 (16.02%) of the total import receipts of the region in April 2021 (Table 5).
Export and Import Trade Statistics are compiled by the Philippine Statistics Authority (PSA) from copies of export and import documents submitted to the Bureau of Customs (BOC) by exporters and importers or their authorized representatives as required by law. PSA collects copies of the following accomplished forms:
- Export Declaration (ED – DTI form)
- Import Entry & Internal Revenue Declaration (BOC IEIRD Form 236)
- Informal Import Declaration and Entry (BOC Form 177)
- Single Administrative Documents (SAD)
The output of the Automated Export Documentation System (AEDS) of the BOC is being utilized to generate export statistics. AEDS is a paperless transaction in lieu of the manual filling-up of export documents.
Moreover, an electronic copy of the IEIRD, or SAD, is utilized to capture the monthly import figures. SAD-IEIRD is an on-line submission of import documents either by brokers or companies. These are transactions that pass through the Automated Cargo Operating System (ACOS), now called the e2m (electronic to mobile) customs system, a system implemented through the BOC e-Customs Project.
All documents (hard copies and e-files) received before the cut-off date which is every 25th day of the month, are compiled, processed and generated in monthly statistical tables for the preparation of Press Release. All documents received after the cut-off date, however, are processed and included in the generation of the revised monthly statistical tables. Final data revisions are made annually during the first quarter after the reference year to include documents received after the monthly revisions.
The digitized copies of all documents are provided by BOC and PEZA to PSA on a monthly basis through email.
The 2015 Philippine Standard Commodity Classification (PSCC) is used to classify the commodities at the most detailed 10-digit code level for statistical purposes.