Total external trade in goods for January to July 2009 reached $44.922 billion, representing a 31.4 percent decline from $65.507 billion recorded during the same 7-month period in 2008. Similarly, total imports decline by 31.2 percent to $24.390 billion from $35.447 billion. Total exports likewise went down by 31.7 percent to aggregate dollar revenue of $20.532 billion from $30.060 billion posted in January to July 2008. Thus, the balance of trade in goods (BOT-G) for the Philippines recorded a $3.858 billion deficit from $5.388 billion deficit in the same 7-month period last year.

Total external trade in goods for January to September 2009 reached $59.318 billion, a 29.6 percent drop from $84.283 billion recorded during the same 9-month period in 2008. Total imports posted a 30.2 percent annual decrease from $45.383 billion to $31.677 billion. Total exports likewise plunged by 28.9 percent from $38.900 billion in January to September of 2008 to $27.641 billion. Thus, the balance of trade in goods (BOT-G) for the Philippines registered a deficit of $4.036 billion during the 9-month period in 2009 from $6.483 billion deficit in the same 9-month period last year.

Total external trade in goods for January to November 2009 amounted to $74.134 billion, a 25.8 percent decline from $99.848 billion registered during the same month in 2008. Total imports posted a 26.8 percent annual decrease from $53.445 billion to $39.112 billion. Similarly, total exports fell by 24.5 percent from $46.403 billion in January to November of 2008 to $35.022 billion. Thus, the balance of trade in goods (BOT-G) for the Philippines posted a deficit of $4.090 billion during the 11-month period in 2009, a value less than the $7.042 billion deficit in the same 11-month period last year.