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The Philippines’ total merchandise trade for January-September 2017 reached US$114.37 billion, an increase of 9.4% from US$104.56 billion recorded in January-September 2016.  Total exports went up by 12.2% to US$47.71 billion in January-September 2017 from US$42.52 billion in the same period last year.  Similarly, total imports increased by 7.4% from US$62.04 billion in January-September 2016 to US$66.65 billion in January-September 2017.  The country’s balance of trade in goods registered US$18.94 billion deficit in January-September 2017 lower than the US$19.52 billion deficit during the same period in 2016.

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