Highlights of Eastern Visayas' Export and Import Statistics: January 2022 (Preliminary)

Reference Number: 

202205-0800-24

Release Date: 

Monday, May 23, 2022
 
Eastern Visayas recorded a 20.01 percent annual growth in total trade of goods at USD 274.91 million in January 2022 from USD 229.07 million in January 2021.
 
 
The improvement in trade performance was attributed to the 45.86 percent increase in exports to USD 241.18 million in January 2022 from USD 165.35 million in January 2021. 
 
In contrast, there was a drop in imports by -47.06 percent from USD 63.72 million in January 2021 to USD 33.73 million in January 2022.
 
The region’s trade surplus was posted at USD 207.45 million in January 2022, more than double (104.12%) the USD 101.63 million surplus in January 2021.   
 
The total volume of the region’s export in January 2022 was 69.19 million kilograms.  The commodity group of copper and articles thereof worth USD 231.74 million contributed the biggest chunk to the total export of the region.  This comprised 96.09 percent of the total export value in January 2022. The top destination of the region’s exports was People’s Republic of China which accounted for the highest export value of USD 148.86 million or a share of 61.72 percent to the total export value in January 2022. 
 
The total volume of the region’s imported commodities in January 2022 was 69.11 million kilograms.   In terms of value, almost two-thirds (62.21%) were contributed by the commodity group of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes with import value of USD 20.98 million. Import partners by country of origin was led by Malaysia which contributed USD 12.14 million, more than one-third or 35.99 percent of the import value of the region in January 2022.  

 

Sgd. WILMA A. PERANTE
Regional Director
 
 
 
 
 
 

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