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TRADE

DTI initiated events such as business matching and export sales monitoring activities generated export sales of $6.67 million an increase of almost 20 percent from the preceding quarter.

 

   Catanduanes, Camarines Norte and Sorsogon were the major contributors to the increase in export sales. Albay and Camarines Sur which had always topped in export generation recorded a decline in export sales.

 

   The value of exports recorded by the ports of Jose Panganiban, Legazpi and Rapu-rapu in July and August amounted to $27.51 million, of which 66 percent was exported to Switzerland. Products with the highest export sales were gold bullion/strips/foils/bars which amounted to $18.250 Million. Next were crude oil, and zinc ores and concentrates which were exported to USA and Korea, respectively.

 

   Total domestic sales of P258.20 million were generated from DTI-sponsored trainings, product development and market matching for small and medium enterprises. There was an increase by 31 percent over the recent quarter with Masbate registering the highest increment.

 

   Masbate, which conducted an SME Week in July, recorded the highest domestic sales. Activities in Camarines Sur which contributed to increase in domestic sales were the celebration of Peņafrancia Festival, Bicol Business Week, South Luzon Area Business Conference, Bishop Francisco Gainza Trade Fair and Negosyo Patrol. DTI Sorsogon focused its assistance on the promotion of one town one project (OTOP) under a special project funded by Cong. Deogracia B. Ramos of the 2nd District of Sorsogon. The activities included product development, skills trainings and provision of common service facilities.

 

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