Total external trade up by 6.2 percent

The SOCCSKSARGEN Region's external product trade in December 2022 increased by 6.2 percent to US$187.363 million from US$176.439 million in December 2021. (Table 1).

The trade balance increased by 34.4 percent 

Balance of trade in goods (BoT-G) is the difference between the value of exports and imports. The BoT-G amounted to US$28.845 million in December 2022, a decrease of 34.4 percent from US$43.979 million recorded in December 2021 (Table 1).

Merchandise Trade

Export value decreased by 1.9 percent to US$108.104 million in December 2022 from US$110.209 million in December 2021. The volume of exports totaled 91.238 million kilograms in December 2022 from 98.578 million kilograms the previous year. Import value rose by 19.7 percent to US$79.259 million in December 2022 from US$66.230 million in December 2021. Imports volume decreased to 104.263 million kilograms in December 2022 from 178.439 million kilograms in December 2021.