The total volume of goods imported by the region from other countries in September 2023 was 151.39 million kilograms with a total value of USD 196.62 million.
This indicates a 32.40 percent drop from the USD 290.87 million worth of imported commodities posted in September 2022. Ores, slag and ash commodity group registered the highest import value at USD 166.64 million comprising 84.75 percent of the total value of imports in September 2023.
Australia contributed the largest portion in the total imports of the region valued at USD 88.59 million (45.06%).
The total volume of goods exported by the region to other countries in September 2023 was 93.40 million kilograms with a total value of USD 158.40 million. This indicates a 12.09 percent increase from the USD 141.32 million total value of exports in the same period a year ago.
The major export commodity group was copper and articles thereof valued at USD 150.03 and composed the bulk (94.72%) of the total exports value in September 2023.
Exports to the People’s Republic of China worth USD 80.42 million comprised more than half (50.77%) of the total value of exports.
The total trade of goods in Eastern Visayas amounted to USD 355.01 million in September 2023.
This indicates an annual decline of 17.86 percent from USD 432.18 million in the same month of 2022.
The balance of trade of goods (BoT-G) in September 2023 was USD -38.22 million, indicating a trade deficit which narrowed by 74.44 percent from
USD -149.55 million in September 2022. (PR)
