External Trade

External Trade Performance : August 1998

The balance of trade in goods (BOT-G) deficit for the period January to August 1998 declined by 83.3 percent to $1.294 billion from $7.760 billion in 1997. Total trade, on the other hand, narrowed down by 1.0 percent to $39.412 billion from $39.810 billion a year ago. Payments for imported merchandise declined by 14.4 percent to $20.353 billion from $23.785 billion while receipts from exports grew by 18.9 percent to $19.059 billion from $16.025 billion a year earlier.

External Trade Performance : July 1998

Total trade in goods for January to July this year decreased by $13.0 million or 0.04 percent to $34.251 billion from $34.264 billion last year. Revenue from exports increased by 19.2 percent to $16.407 billion from $13.767 billion while expenditure for imports dropped by 12.9 percent to $17.844 billion from $20.497 billion. The balance of trade in goods (BOT-G) was in deficit declining by 78.6 percent to $1.438 billion from $6.729 billion.

External Trade Performance : June 1998

Two-way trade transactions for the first half of 1998 inched up by 0.9 percent to $29.283 billion from $29.028 billion last year. Merchandise exports valued at $13.905 billion posted an 18.8 percent increase from $11.700 billion in 1997. Import payments declined to $15.378 billion, which was 11.3 percent lower than $17.328 billion a year ago. The cumulated balance of trade in goods (BOT-G), while still a deficit, dropped by 73.8 percent to $1.473 billion from $5.628 billion in 1997.

External Trade Performance : May 1998

Merchandise trade from January to May 1998 grew by 3.2 percent to $24.633 billion from $23.867 billion last year. Revenue from exports increased by 20.3 percent to $11.515 billion from $9.571 billion a year ago while payments for imports dropped by 8.2 percent to $13.118 billion from $14.296 billion. The balance of trade in goods (BOT-G) continued to decline, dropping by 66.1 percent to $1.603 billion from $4.725 billion.

External Trade Performance : April 1998

Total trade in goods from January to April grew by 3.5 percent this year to $19.595 billion from $18.930 billion last year. Revenue from exports posted a 19.9 percent increase settling at $9.101 billion from $7.588 billion a year ago while expenditure for imports dropped by 7.5 percent to $10.494 billion from $11.342 billion. The balance of trade in goods (BOT-G) continued to decline dropping by 62.9 percent to $1.393 billion in 1998 from $3.754 billion last year.

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