Volume and Value of Imported and Exported Goods, SOCCSKSARGEN Region: May 2022

Reference Number: 

R12-SR2023-003

Release Date: 

Monday, 30 January 2023

Total external trade up
The external trade in goods in SOCCSKSARGEN Region in May 2022 amounted to US$314.075 million, more than double the US$147.510 million in May 2021 (Table 1).

Trade balance decrease
Balance of trade in goods (BoT-G) is the difference between the value of exports and imports. The BoT-G amounted to US$88.122 million in May 2022, more than twice the US$33.225 million recorded in May 2021 (Table 1).

Merchandise Trade
Exports increased by 122.5 percent to US$201.099 million in May 2022, up from US$90.367 million in May 2021. In May 2022, total export volume rose to 149.942 million kilograms, up from 59.070 million kilograms in the same month last year. Import value increased by 97.7 percent to US$112.976 million in May 2022 from US$57.143 million in May 2021. Import volume went up to 201.223 million kilograms in May 2022 from 161.615 million kilograms the previous year.

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