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The Philippines’ total merchandise trade for FY 2017 reached US$155.54 billion, an increase of 9.9% from US$141.51 billion recorded in FY 2016.  Total exports went up by 9.5% to US$62.87 billion in FY 2017 from US$57.41 billion recorded last year.  Similarly, total imports increased by 10.2% from US$84.11 billion in 2016 to US$92.66 billion in 2017.  The country’s balance of trade in goods registered US$29.79 billion deficit in FY 2017 higher than the US$26.70 billion deficit last year.

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