The Philippines’ total merchandise trade for January-November 2018 amounted to US$163.22 billion, an increase of 8.8% from US$150.1 billion recorded in January-November 2017.  Total exports declined by 0.9% to US$62.77 billion in January-November 2018 from US$63.33 billion in the same period last year.  On the other hand, total imports increased by 15.8% from US$86.74 billion in January-November 2017 to US$100.45 billion in January-November 2018.  The country’s balance of trade in goods registered US$37.69 billion deficit in January-November 2018 higher than the US$23.41 billion deficit during the same period in 2017.

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