The Philippines’ total merchandise trade for January-August 2018 amounted to US$115.82 billion, an increase of 7.8% from US$107.49 billion recorded in January-August 2017.  Total exports declined by 2.1% to US$44.91 billion in January-August 2018 from US$45.85 billion in the same period last year.  On the other hand, total imports increased by 15.0% from US$61.64 billion in January-August 2017 to US$70.91 billion in January-August 2018.  The country’s balance of trade in goods registered US$26.00 billion deficit in January-August 2018 higher than the US$15.79 billion deficit during the same period in 2017.

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