Total external trade up
The external trade in goods in SOCCSKSARGEN Region totaled to US$167.215 million in October 2021, higher by 2.9 percent from US$162.563 million in October 2020.
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$30.762 million on October 2021, about 48.2 percent lower than the US$59.344 million from the same month of 2020.
Exports of SOCCSKSARGEN amounted US$98.989 million in October 2021, down by 10.8 percent from US$110.953 million in October 2020. Between October 2020 and October 2021, total export volume fell by 16.0 percent, from 99.031 million kilograms to 83.219 million kilograms. Import value reached $68.227 million in October 2021, up by 32.2 percent from $51.609 million last year. Import volume went up to from 236.936 million kilograms in October 2021 to 165.064 million kilograms in October 2020.