1.    EXPORTS

The value of seasonally adjusted total exports amounted to USD 6.28 billion in March 2025. This indicates a monthly decrease of 7.1 percent from the deseasonalized total export value of USD 6.76 billion in February 2025. (Figure 1, and Tables A and 1)

Relative to February 2025, monthly decrements were recorded in the seasonally adjusted export values of the following major types of goods during the month:

a.    Mineral products, USD 467.41 million from USD 515.24 million (-9.3%);
b.    Manufactured goods, USD 5.06 billion from USD 5.49 billion (-7.8%); and
c.    Total agro-based products, USD 569.22 million from USD 588.29 million (-3.2%).

Seasonal factors, such as the degree of demand for selected major types of goods during the period, pushed up the total value of exports and export values of total agro-based products, mineral products, and manufactured goods. (Table 1)

The rest of the major types of goods, including forest products and petroleum products, have no seasonality. 

2.    IMPORTS

The value of seasonally adjusted total imports in March 2025 amounted to USD 11.06 billion. This represents a monthly increase of 2.1 percent from its USD 10.84 billion total import value in February 2025. (Figure 2, and Tables A and 2)

Likewise, the seasonally adjusted import value of capital goods recorded at USD 3.09 billion posted a monthly increment of 4.5 percent in March 2025 from its USD 2.96 billion import value in February 2025. Consumer goods with an import value of USD 2.38 billion registered a monthly increase of 10.9 percent from its USD 2.14 billion import value in the previous month. 

On the other hand, raw materials and intermediate goods with a seasonally adjusted import value amounting to USD 4.09 billion posted a monthly decline of 2.1 percent from its USD 4.18 billion import value in February 2025.

Seasonal factors, such as the degree of demand for selected major types of goods during the period, pulled down the total value of imports and import values of raw materials and intermediate goods, and consumer goods. However, it pushed up the import value of capital goods. (Table 2)

Mineral fuels, lubricants and related materials have no seasonality. 

CLAIRE DENNIS S. MAPA, PhD
Undersecretary
National Statistician and Civil Registrar General

Technical Notes

The Monthly International Merchandise Trade Statistics (IMTS) generates the original series of the Total Exports and Total Imports. IMTS is compiled to serve the needs of many users including the government; the business community; compilers of other economic statistics, such as balance of payments and national accounts; various regional, supranational, and international organizations; researchers; and the public at large.

This press release features the seasonally adjusted IMTS using X-13 Auto-Regressive Integrated Moving Average (ARIMA) under the X-13-ARIMA-SEATS method, which uses the X-11 filter for seasonal adjustment of JDemetra+. The seasonally adjusted series show the trend of value of total exports and imports and selected major type of goods without the effects of seasonal factors.

The decomposition model chosen for the seasonal adjustment for each value is shown below.

See more at the Seasonally Adjusted Value of Export and Import Statistics landing page.