The region posted a $245.81 million surplus in the total Balance of Trade in Goods (BoT-G) in December 2019. This is a significant rebound that is almost five (5) times to the $52.12 million trade deficit in December 2018.
The region’s total trade in goods in December 2019 increased to $264.29 million. This figure resulted to a significant increase of 210.72 percent from $85.06 million total trade in the same period in 2018 (Table 1).
The region’s total volume of exports in December 2019, weighing 143.45 million kilograms, was valued at $255.05 million. This was more than 15 folds of the $16.47 million exports in December 2018. The commodity group of copper and articles thereof was the major export during the month in review with total revenue of $175.85 million. This accounted for 68.95 percent of the region’s total export revenue in December 2019 (Table 2). People’s Republic of China was the top export market destination with $126.04 million total export revenue, which shared almost half or 49.42 percent of the region’s total exports in December 2019 (Table 3).
The region’s total value of imports significantly decreased by 86.53 percent, from $68.59 million imports in December 2018 to $9.24 million in December 2019, with total gross weight of 43.56 million kilograms. Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes commodity group was the major import during the month with total revenue of $5.44 million. This comprised more than half or 58.93 percent of the region’s total imports in December 2019 (Table 4). The top import supplier of the region in December 2019 was Vietnam with total import bill of $3.48 million. This value contributed 37.71 percent to the region’s total imports (Table 5).