Eastern Visayas’ total trade in goods dropped to $88.98 million in August 2020 from $213.31 million in the same period in 2019, a steep decline by 58.28 percent.
A sharp decline by 61.07 percent was also noted in the total value of exports, from $193.70 million exports in August 2019 to $75.41 million in August 2020. The total value of imports declined by 30.77 percent, from $19.60 million imports in August 2019 to $13.57 million in August 2020.
The drop in both the total value of exports and imports resulted to a 64.48 percent tremendous decrease in surplus in the total Balance of Trade in Goods (BoT-G) in August 2020. The $174.10 million trade surplus in August 2019 dipped to $61.84 million trade surplus in August 2020 (Table 1).
The region’s total volume of exports in August 2020 posted at 52.40 million kilograms was valued at $75.41 million.
The region’s total imports amounted to $13.57 million in August 2020 with total gross weight of 94.71 million kilograms.