Total external trade in goods for January to December 2011 reached $108.181 billion, representing a 1.6 percent increment from $106.430 billion registered during the same period a year earlier. Similarly, total imports grew by 9.5 percent to $60.139 billion compared to $54.933 billion posted during the same period in 2010. Aggregate exports, on the other hand, fell by 6.7 percent from $51.498 billion in January to December of previous year to $48.042 billion. Thus, the balance of trade in goods (BOT-G) for the Philippines posted a deficit of $12.097 billion, a value higher than the $3.435 billion deficit recorded during the same period in 2010.

Total external trade in goods for January 2010 reached $7.841 billion, representing a 35.6 percent increase from $5.781 billion recorded during the same month in 2009. This was due to the 30.3 percent upward trend of total imports to $4.261 billion from $3.270 billion in January 2009. The same was true for exports where a 42.5 percent increment was observed to $3.579 billion from $2.511 billion in January 2009. Thus, the balance of trade in goods (BOT-G) for the Philippines in January 2010 registered a lower deficit of $682.00 million from $759.00 million deficit in same period last year.

Total external trade in goods for the first two months of 2011 (January to February) reached $17.856 billion, a 16.4 percent increment from $15.341 billion registered during the same period in 2010. Total imports posted a 22.0 percent annual increase to $9.991 billion from $8.192 billion. Similarly, total exports were up by 10.0 percent to $7.865 billion in January to February of 2011 from $7.150 billion in 2010. Thus, the balance of trade in goods (BOT-G) for the Philippines posted a deficit of $2.125 billion during the 2-month period in 2011, a value higher than the $1.042 billion deficit in the same 2-month period last year.