Eastern Visayas recorded a 34.30 percent increase in total trade from USD 295.84 million in March 2020 to USD 397.30 million in March 2021.
Exports increased by 6.51 percent from USD 285.96 million in March 2020 to USD 304.59 million in March 2021.
Imports soared nine-folds from USD 9.88 million in March 2020 to USD 92.71 million in March 2021.
Despite the upsurge in import, however, Balance of Trade in Goods (BoT-G) still declined by 23.26 percent. It dropped from USD 276.08 million in March 2020 to USD 211.88 million in March 2021 (Table 1).
The total volume of the region’s exports in March 2021 was 106.16 million kilograms with a total value of USD 304.59 million. The bulk (95.58%) of the region’s export in March 2021 was the commodity group of copper and articles thereof worth USD 291.14 million. More than half or 57.02 percent of the region’s export in March 2021 went to People’s Republic of China valued at USD 173.68 million.
The region’s total volume of imports in March 2021 had a gross weight of 194.34 million kilograms which amounted to USD 92.71 million. Ores, slag and ash was the main commodity group imported by the region. This contributed USD 67.38 million or 72.68 percent of the region’s total value of import. The major importer in March 2021 was Indonesia which supplied more than half (52.82%) or USD 48.97 million of the region’s total value of import.