posts $211.36 million trade surplus in January 2019
April 17, 2019
TACLOBAN CITY Ė The
region posted a $211.36 million surplus in the total Balance of
Trade in Goods (BoT-G) in January 2019, in contrast to the $41.77
million deficit in the same period in 2018.
The regionís total trade
in goods in January 2019 increased to $227.93 million from $203.72
million in the same period in 2018, an increase of 11.88 percent.
Total value of exports
amounted to $219.65 million, almost three times (171.25 percent)
higher compared with the $80.98 million in January 2018. Total value
of imports, meanwhile, was recorded at $8.29 million, significantly
lower by 93.25 percent compared with the $122.75 million imports
posted in the same period in 2018.
The regionís total volume
of exports in January 2019 posted at 131.86 million kilograms was
valued at $219.65 million. The commodity group of copper and
articles thereof was the major export during the month in review
with total revenue of $137.41 million. This accounted for 62.56
percent of the regionís total export revenue in January 2019. Hong
Kong was the top export market destination with $73.90 million total
export revenue, which shared 33.64 percent of the regionís total
The regionís total imports
of $8.29 million in January 2019recorded a total gross weight of
58.50 million kilograms. Nuclear reactors, boilers, machinery and
mechanical appliances; parts thereof commodity group was the major
import during the month with total revenue of $1.47 million, this
comprised 17.76 percent of the regionís total imports in January
2019.The top import supplier of the region was Vietnam with total
import bill of $2.35 million, which comprised 28.31 percent of the
regionís total imports.