External Trade

External Trade Performance : April 2012

Total external trade in goods for April 2012 reached $9.405 billion, representing a 4.3 percent decrease from $9.832 billion recorded during the same month in 2011. This was due to the 13.7 percent decline in total imports from $5.525 billion to $4.770 billion in April 2012. However, exports increased by 7.6 percent to $4.635 billion from $4.306 billion in April 2011. Thus, the balance of trade in goods (BOT-G) for the Philippines in April 2012 registered a deficit of $135 million from $1.219 billion deficit in the same period last year.

External Trade Performance : December 1998

Total merchandise imports for 1998 dipped by 17.5 percent to $29.660 billion from $35.934 billion a year earlier. Nonetheless foreign exchange inflows from merchandise exports valued at $29.496 billion posted a 16.9 percent increase from $25.228 billion last year. Total trade settled at $59.156 billion which was 3.3 percent below $61.162 billion in 1997. The cumulated BOT-G deficit of $164.0 million was the lowest in 26 years.

External Trade Performance : November 1998

Pulled down by falling import payments, total trade from January to November 1998 fell by 2.8 percent to $54.572 billion from $56.138 billion last year even as merchandise exports increased by 17.3 percent to 26.970 billion from $22.997 billion in 1997. The aggregate import bill for the period dropped by 16.7 percent to $27.598 billion. The contrasting trends in the trade transactions yielded a 93.8 percent reduction in the balance of trade in goods (BOT-G) deficit which settled at $625.0 million, down from $10.144 billion last year.

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