Total external trade in goods for March 2012 reached $9.694 billion, representing a 2.2 percent decrease from $9.909 billion recorded during the same month in 2011. This was due to the 3.3 percent downward trend of total imports from $5.553 billion to $5.371 billion in March 2012. Similarly, exports showed a 0.8 percent decrement from $4.356 billion to $4.323 billion in March 2012. Thus, the balance of trade in goods (BOT-G) for the Philippines in March 2012 registered a deficit of $1.049 billion from $1.196 billion deficit in the same period last year.