Total external trade in goods for January to August 2010 reached $68.308 billion, a 31.3 percent increment from $52.034 billion registered during the same period in 2009. Total imports posted a 26.1 percent annual increase to $35.324 billion from $28.023 billion. Similarly, an increase of 37.4 percent for merchandise exports was noted to $32.984 billion in January to August of 2010 from $24.011 billion during the same period in 2009. Thus, the balance of trade in goods (BOT-G) for the Philippines registered a deficit of $2.341 billion during the 8-month period in 2010, a value lower than the $4.012 billion deficit in the same 8-month period last year.