Total external trade in goods for March 2013 reached $9.251 billion, representing a 4.6 percent decline from $9.694 billion recorded during the same month in 2012. This was due to the 8.4 percent downward trend of total imports from $5.371 billion to $4.922 billion in March 2013. On the contrary, exports showed a slight 0.1 percent increase to $4.329 billion from $4.323 billion in March 2012. Thus, the balance of trade in goods (BOT-G) for the Philippines in March 2013 registered a deficit of $593 million from $1.048 billion deficit in the same period last year.