Total external trade up
The external trade in goods in SOCCSKSARGEN Region reached US$203.959 million in November 2021, about 48.8 percent higher than US$137.053 million recorded in November 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$73.442 million in November 2021, up by 43.6 percent from the US$51.136 million in November 2020 (Table 1).

Merchandise Trade
SOCCSKSARGEN’s exports totaled to US$138.700 million in November 2021, a 47.4 percent increase from US$94.095 million in November 2020. Total export volume rose by 38.8 percent between November 2021 and November 2020, from 90.320 million kilograms to 120.825 million kilograms. The value of imports in November 2021 was at $65.258 million, up by 51.9 percent from $42.958 million the previous year. From November 2021 to November 2020, import volume increased to 174.745 million kilograms from 127.976 million kilograms.