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Table 4. Foreign trade of the Philippines in 1985-1994 (US$ million)

Year

Exports1

Imports2

Total trade

Balance of trade

1985

4,628.95

5,110.67

9,739.62

(481.72)

1986

4,841.78

5,043.60

9,885.38

(201.82)

1987

5,720.24

6,736.97

12,457.21

(1,016.73)

1988

7,074.19

8,159.38

15,233.57

(1,085.19)

1989

7,820.71

10,418.82

18,239.53

(2,598.11)

1990

8,186.03

12,206.16

20,392.19

(4,020.13)

1991

8,839.51

12,051.36

20,890.88

(3,211.85)

19923

9,824.31

14,518.93

24,343.24

(4,694.62)

1993

11,374.81

17,597.40

28,972.21

(6,222.59)

19944

13,490.96

21,345.33

34,836.28

(7,854.37)

Source: National Statistical Coordination Board (1996)

1 export value based on BSP buying rate;
2 import value based on BSP selling rate
3 starting August 4, 1992, the average exchange rate refers to the weighted average rate under the Philippine Dealing System (PDS)
4 preliminary data


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