External Trade

External Trade Performance : December 1998

Total merchandise imports for 1998 dipped by 17.5 percent to $29.660 billion from $35.934 billion a year earlier. Nonetheless foreign exchange inflows from merchandise exports valued at $29.496 billion posted a 16.9 percent increase from $25.228 billion last year. Total trade settled at $59.156 billion which was 3.3 percent below $61.162 billion in 1997. The cumulated BOT-G deficit of $164.0 million was the lowest in 26 years.

External Trade Performance : November 1998

Pulled down by falling import payments, total trade from January to November 1998 fell by 2.8 percent to $54.572 billion from $56.138 billion last year even as merchandise exports increased by 17.3 percent to 26.970 billion from $22.997 billion in 1997. The aggregate import bill for the period dropped by 16.7 percent to $27.598 billion. The contrasting trends in the trade transactions yielded a 93.8 percent reduction in the balance of trade in goods (BOT-G) deficit which settled at $625.0 million, down from $10.144 billion last year.

External Trade Performance : October 1998

Two-way merchandise trade transactions for the first ten months of 1998 fell by 2.5 percent to $49.612 billion from $50.885 billion last year. Merchandise exports valued at $24.387 billion posted a 17.9 percent increase from $20.689 billion in 1997. On the other hand, imports amounted to $25.225 billion, which was 16.5 percent lower than $30.196 billion a year ago. The balance of trade in goods (BOT-G), while still at a deficit, dropped by 91.2 percent to $837.0 million from $9.507 billion last year.

External Trade Performance : September 1998

For the first three quarters of 1998, the balance-of-trade in goods (BOT-G) deficit shrank by 88.6 percent to $962.00 million from $8.419 billion a year earlier. Total trade slipped by 1.1 percent to $44.653 billion from $45.145 billion. Payments for imported merchandise dropped by 14.8 percent to $22.807 billion from $26.782 billion while receipts from export of goods grew by 19.0 percent to $21.845 billion from $18.363 billion in 1997.

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