Total external trade in goods for January to November 2010 reached $97.002 billion, a 30.6 percent increment from $74.270 billion registered during the same period in 2009. Total imports posted a 27.1 percent annual increase to $49.772 billion from $39.155 billion. Similarly, an increase of 34.5 percent for merchandise exports was noted to $47.230 billion in January to November of 2010 from $35.115 billion during the same period in 2009. Thus, the balance of trade in goods (BOT-G) for the Philippines registered a deficit of $2.541 billion during the 11-month period in 2010, a value lower than the $4.041 billion deficit in the same 11-month period last year.