Total external trade up
The external trade in goods in SOCCSKSARGEN Region in February 2022 reached US$220.936 million, an increase of 48.3 percent from US$149.016 million in February 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$65.761 million in February 2022, more than twice the US$25.319 million recorded in February 2021 (Table 1).

Merchandise Trade
The value of exports in February 2022 grew by 25.4 percent to US$77.587 million from US$61.849 million in February 2021. The total volume of exports increased to 119.866 million kilograms in February 2022 from 156.532 million kilograms of the same month last year. Import value in February 2022 went up by 64.5 percent to US$143.349 million from US$87.168 million in February 2021. Total import volume reached 123.073 million kilograms in February 2022 from 78.180 million kilograms of the same month 2021.