Trade in goods reached $17.35B in September

·1 min read

THE country’s total external trade in goods in September this year, which amounted to US$17.35 billion, grew at an annual rate of 16.9 percent.

Of the total external trade for the month, 61.5 percent were imported goods, while the rest were exported goods.

Total export earnings in the first nine months of the year amounted to $55.68 billion, up 18 percent from the export value earned from January to September last year.

By commodity group, electronic products continued to be the country’s top export in September with total earnings of $3.82 billion.

Exports to the US comprised the highest export value amounting to $1.17 billion or a share of 17.5 percent to the total exports during the month.

US was followed by China at $1.05 billion, Japan at $936.63 million, Hong Kong at $917.19 million and Singapore at $402.58 million.

Imports

Meanwhile, the total imported goods during the month amounted to $10.67 billion, up by an annual rate of 24.8 percent.

Import value from January to September this year amounted to $84.87 billion, up 30.3 percent from the import value of $65.15 billion in the same period of 2020.

Most of the imported goods were electronic products with an import value of $2.80 billion.

China was the country’s biggest supplier of imported goods valued at $2.33 billion or 21.8 percent of the total imports in September followed by Japan at $970.65 million, Korea at $862.61 million, Indonesia at $810.96 million and USA at $659.50 million. (KOC)

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