The value of Philippine merchandise exports for December 2010 was estimated at $4.162 billion. It represents a 25.3 percent increase from $3.321 billion recorded in December of 2009. Month - on - month, receipts from merchandise exports went up slightly by 0.4 percent from $4.146 billion posted in November 2010. Aggregate merchandise exports in January to December of 2010, on the other hand, incremented by 33.7 percent to $51.393 billion from $38.436 billion estimated from the same period of 2009.

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.