PH posts $3.88 billion trade deficit in February: PSA

ABS-CBN News

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img alt='A man rests inside his floating house near a container port warehouse in Navotas, Manila. March 2, 2018, Jonathan Cellona, ABS-CBN News/File' src='https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/04/11/novatas-port.jpg' ><figcaption>A man rests inside his floating house near a container port warehouse in Navotas, Manila. March 2, 2018, <em>Jonathan Cellona, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA - The Philippines' trade deficit in February registered an annual decline of 2.7 percent to $3.88 billion, the Philippine Statistics Authority said on Tuesday.</p><p>Total export sales for the month reached $5.08 billion while imports hit $8.95 billion, both registering annual declines, government data showed.</p><p>Annual total export sales from January to February 2023 reached $10.33 billion, 15.6 percent lower compared to the same period the previous year, the PSA said.</p><p>Japan contributed the highest total to the export value, amounting to $822.65 million, followed by the US, China, Hong Kong, and Singapore, data showed.</p><p>Meanwhile, the January to February's total import value also declined to $19.94 billion, lower by 3.9 percent compared to the $20.74 billion in the same period the previous year, the PSA said.</p><p>China is the country's top major import trading partner for the month, followed by Indonesia, Japan, the US, and South Korea, according to government data.</p><p>Overall external trade for the month also declined to $14.03 billion, the PSA said. </p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/03/14/23/trade-deficit-at-574-billion-in-january-2023-psa'>Trade deficit at $5.74 billion in January 2023: PSA</a></li>	<li><a href='https://news.abs-cbn.com/business/01/10/23/ph-trade-gap-narrows-to-368-billion-in-november-2022'>PH trade deficit narrows to $3.68 billion in November 2022 as exports outpace imports</a></li>	<li><a href='https://news.abs-cbn.com/spotlight/03/27/23/trade-partnerships-between-countries-lessen-prospects-of-war-expert'>Citing a study, trade partnerships between countries lessen the prospects of war, says expert</a></li></ul><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2477447' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>Japan contributed the highest total to the export value, amounting to $822.65 million, followed by the US, China, Hong Kong, and Singapore, data showed.</p><p>Meanwhile, the January to February's total import value also declined to $19.94 billion, lower by 3.9 percent compared to the $20.74 billion in the same period the previous year, the PSA said.</p><p>China is the country's top major import trading partner for the month, followed by Indonesia, Japan, the US, and South Korea, according to government data.</p><p>Overall external trade for the month also declined to $14.03 billion, the PSA said. </p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/03/14/23/trade-deficit-at-574-billion-in-january-2023-psa'>Trade deficit at $5.74 billion in January 2023: PSA</a></li>	<li><a href='https://news.abs-cbn.com/business/01/10/23/ph-trade-gap-narrows-to-368-billion-in-november-2022'>PH trade deficit narrows to $3.68 billion in November 2022 as exports outpace imports</a></li>	<li><a href='https://news.abs-cbn.com/spotlight/03/27/23/trade-partnerships-between-countries-lessen-prospects-of-war-expert'>Citing a study, trade partnerships between countries lessen the prospects of war, says expert</a></li></ul><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2477447' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>Total export sales for the month reached $5.08 billion while imports hit $8.95 billion, both registering annual declines, government data showed.</p><p>Annual total export sales from January to February 2023 reached $10.33 billion, 15.6 percent lower compared to the same period the previous year, the PSA said.</p>

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img alt='A man rests inside his floating house near a container port warehouse in Navotas, Manila. March 2, 2018, Jonathan Cellona, ABS-CBN News/File' src='https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/04/11/novatas-port.jpg' ><figcaption>A man rests inside his floating house near a container port warehouse in Navotas, Manila. March 2, 2018, <em>Jonathan Cellona, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA - The Philippines' trade deficit in February registered an annual decline of 2.7 percent to $3.88 billion, the Philippine Statistics Authority said on Tuesday.</p>

The Philippines' trade deficit in February registered an annual decline of 2.7 percent to $3.88 billion, the PSA said on Tuesday.

PH posts $3.88 billion trade deficit in February: PSA | ABS-CBN News

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PH posts $3.88 billion trade deficit in February: PSA

PH posts $3.88 billion trade deficit in February: PSA