<h1>Trade balance deteriorates as imports outpace exports, driven by rising merchandise imports and stronger services exports.</h1> Estimated April-October 2025 trade shows total exports at US$ 491.80 billion and total imports at US$ 569.95 billion, producing a widened negative trade balance. Merchandise exports grew marginally while merchandise imports rose more strongly, increasing the merchandise trade deficit. Services exports recorded stronger estimated growth and expanded the services surplus. October 2025 monthly estimates show lower merchandise exports but higher merchandise and services imports versus October 2024. Certain series have been revised pro rata using quarterly balance of payments data and October services figures are provisional estimates.