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The Philippines’ total merchandise trade for January-August 2017 reached US$101.26 billion, an increase of 10.3% from US$91.82 billion recorded in January-August 2016.  Total exports went up by 13.3% to US$42.11 billion in January-August 2017 from US$37.16 billion in the same period last year.  Similarly, total imports increased by 8.2% from US$54.66 billion in January-August 2016 to US$59.15 billion in January-August 2017.  The country’s balance of trade in goods registered US$17.05 billion deficit in January-August 2017 lower than the US$17.50 billion deficit during the same period in 2016.

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