Imports

Highlights of the International Merchandise Trade Statistics of the Philippines, First Semester 2020

The country’s total external trade in goods plunged to USD 67.64 billion in the first semester of 2020, from USD 89.58 billion in the same semester of 2019. This indicates an annual decline of 24.5 percent in the first semester of 2020 which was faster than the annual decline of 1.3 percent in the second semester of 2019. In the first semester of the previous year, total trade grew by 1.8 percent.

Highlights of the Philippine Export and Import Statistics July 2020 (Preliminary)

The country’s total external trade in goods in July 2020, which amounted to USD 13.13 billion, declined at an annual rate of 18.6 percent. This was slightly lower than its previous month’s annual drop of 18.7 percent. On the other hand, external trade performance increased at an annual rate of 1.2 percent in July 2019. (Table A) Of the total external trade in July 2020, 57.0 percent were imported goods and the rest were exported goods.

Highlights of the Philippine Export and Import Statistics May 2020 (Preliminary)

The country’s total external trade in goods in May 2020, which amounted to USD 9.84 billion, declined at an annual rate of 38.7 percent. This is lower than the previous month’s annual drop of 59.5 percent but faster than its rate of decrease in May 2019 of 0.1 percent. Of the total external trade, 59.5 percent were imported goods and the rest were exported goods. (Table A)

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