Total external trade down by 12.1 percent

The SOCCSKSARGEN Region's external product trade in November 2022 decreased by 12.1 percent to US$179.281 million from US$203.959 million in November 2021. (Table 1).

The trade balance decreased by 53.3 percent 

Balance of trade in goods (BoT-G) is the difference between the value of exports and imports. The BoT-G amounted to US$34.286 million in November 2022, a decrease of 53.3 percent from US$73.442 million recorded in November 2021 (Table 1).

Export value decreased by 23.0 percent to US$106.784 million in November 2022 from US$138.700 million in November 2021. The volume of exports went down to 99.070 million kilograms in November 2022 from 120.825 million kilograms the previous year. Import value increased by 11.1 percent to US$72.497 million in November 2022 from US$65.258 million in November 2021. Imports volume decreased to 122.917 million kilograms in November 2022 from 174.745 million kilograms in November 2021.