Total external trade up
The external trade in goods in SOCCSKSARGEN Region in December 2021 reached US$176.439 million, an increase of 76.1 percent from US$100.174 million in December 2020 (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$43.979 million in December 2021, about eight (8) time higher than the US$5.384 million in December 2020 (Table 1).
Merchandise Trade
Exports in SOCCSKSARGEN Region amounted to US$110.209 million in December 2021, an increase of 108.8 percent from US$52.779 million in December 2020. The total export volume decreased by 49.9 percent to 98.578 million kilograms in December 2021 from 196.939 million kilograms in December 2020. Imports value in December 2021 was at $66.230 million, higher by 39.7 percent from $47.395 million of the same month last year. The volume of imports increased from 53.345 million kilograms in December 2020 to 178.679 million kilograms in December 2021.