External Trade

External Trade Performance : October 1997

Total trade from January to October 1997 grew by 15.7 percent to $50.689 billion from $43.807 billion in 1996. Merchandise exports brought in $20.689 billion, up by 23.1 percent from $16.810 billion, while import payments amounted to $30.001 billion, increasing by 11.1 percent from $26.997 billion the previous year. The balance of trade in goods (BOT-G) reached a $9.312 billion deficit level, which was 8.6 percent lower than $10.187 billion in 1996.

External Trade Performance : September 1997

The total merchandise trade performance for the first nine months of 1997 increased by 15.3 percent to $45.023 billion from $39.064 billion for the same period in 1996. Imports grew by 10.5 percent to $26.661 billion from $24.138 billion last year. Exports improved by 23.0 percent to $18.363 billion from $14.926 billion in 1996. These resulted in a balance of trade in goods (BOT-G) deficit of $8.298 billion or almost 10.0 percent drop from the year-ago level of $9.212 billion.

External Trade Performance : August 1997

Merchandise trade for the first eight months grew by 16.0 percent to $39.809 billion, an increase of $5.491 billion from $34.318 billion a year earlier. Payments for imported goods went up by 11.8 percent to $23.784 billion from $21.268 billion while receipts from exports increased by 22.8 percent to $16.025 billion from $13.050 billion. The balance of trade in goods (BOT-G) deficit narrowed down by 5.6 percent to $7.759 billion from $8.218 billion in 1996.

External Trade Performance : July 1997

The merchandise trade increased by 15.2 percent as two-way trade transactions for the first seven months of 1997 reached $34.269 billion from $29.744 billion during the same period in 1996. Imports rose by 11.0 percent to $20.501 billion from $18.468 billion while exports grew by 22.1 percent to $13.767 billion from $11.276 billion. The balance of trade in goods (BOT-G) resulted in a deficit of $6.734 billion which was down by 6.4 percent from $7.192 billion a year ago.

External Trade Performance : June 1997

For the first six months of 1997 the two-way merchandise trade between the Philippines and the rest of the world expanded by 15.2 percent to $29.031 billion from $25.211 billion a year ago. Dollar outflows for purchases of foreign-made merchandise rose by 10.9 percent to $17.331 billion from $15.629 billion while revenue from exports grew by 22.1 percent to $11.7 billion from $9.582 billion. The balance of trade in goods (BOT-G) deficit dropped by 6.9 percent to $5.631 billion from $6.047 billion during the same period in 1996.

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