balance-of-trade | ABS-CBN News

Trade deficit widens to $5.93 billion in July: PSA

ABS-CBN News
Posted at Sep 09 12:44 PM

The difference between the value of export and import widened to $5.93 billion in July or a jump of 69.1 percent, data from the PSA showed. Read more »

Industrialization, job creation to boost economy, reduce trade deficit: DTI

Sherrie Ann Torres, ABS-CBN News
Posted at Aug 22 03:36 PM

Industrialization could help mitigate the country's ballooning trade deficit or the balance between exports and imports, through improving sectors such as manufacturing and creating jobs, Department of Trade and Industry Secretary Alfredo Pascual said Monday. Read more »

PH trade deficit widens to $5.84 billion in June

ABS-CBN News
Posted at Aug 09 12:36 PM

The Philippines' trade deficit widened to $5.84 billion in June 2022 or an annual increase of 75.4 percent as imports outpaced exports. Read more »

Philippines posts $3.58 trade deficit in August

ABS-CBN News
Posted at Oct 12 02:17 PM

China was again the Philippines’ top trading partner for the month, with the Philippines again posting a huge trade deficit with the Asian giant. Read more »

Philippine trade deficit widens to $3.29 billion in July

ABS-CBN News
Updated as of Sep 09 01:19 PM

The Philippines external trade in goods grew by almost a fifth in July, but the trade deficit also widened by more than half. Read more »

Philippines' April exports, imports rise at fastest pace in over a decade

ABS-CBN News
Posted at Jun 09 12:18 PM

Philippine merchandise imports grew a hefty 140.9 percent in April from a year earlier, while exports jumped 72.1 percent, both rising at their fastest pace in more than a decade, government data showed on Wednesday. Read more »

Philippines' Feb trade deficit smallest in 3 months

Reuters
Posted at Apr 08 10:21 AM

The Philippines recorded a $2.29 billion trade deficit in February, the smallest in three months, as the value of imports fell to the lowest since June last year, while a decline in exports slowed, official data showed on Thursday. Read more »

Philippines posts first monthly growth in exports in 7 months

Neil Jerome Morales and Enrico Dela Cruz, Reuters
Updated as of Nov 05 11:55 AM

Philippine exports grew 2.2 percent in September from a year earlier, the first monthly rise since February, as the government gradually reopened the pandemic-hit economy, government data showed on Wednesday. Read more »

Philippine economy 2020: How it started vs how it's going

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Oct 21 04:51 PM

The year 2020 was supposed to bring in nearly $9 billion in net foreign direct investment inflows, a near 10 percent growth in tourism income, and the steady, ever-so-reliable dollar income stream of overseas Filipino remittances and business process outsourcing. Trade was also seen continuing at a deficit, as the Philippines imported more to feed its growing appetite for infrastructure and foreign goods and services. Read more »

China exports beat forecasts in August, imports falter

Agence France-Presse
Posted at Sep 07 03:16 PM

China's exports expanded more than expected last month as key markets eased virus containment measures, official data showed Monday, but imports unexpectedly shrank despite a push to boost domestic demand. Read more »

PH June trade data gradually recover from 'negative trajectory'

ABS-CBN News
Posted at Aug 05 02:44 PM

The National Economic and Development Authority said Wednesday the country's export and imports continued its gradual recovery in June 2020.   Read more »

Total trade shrinks in April, first full month of virus lockdown

ABS-CBN News
Updated as of Jun 10 10:29 AM

The Philippines' total external trade shrank further in April, the first full month of lockdown against COVID-19, government data released Wednesday showed. Read more »

Trade deficit narrows to $2.48 billion in December

ABS-CBN News
Posted at Feb 11 12:18 PM

The balance of trade in goods declined by 40.6 percent to $2.48 billion (P125.8 billion) in December 2019 compared to the $4.17 billion (P211.5 billion) in December 2018, data from the Philippine Statistics Authority showed.  Read more »

Trade deficit narrows to $3.34 billion in November

ABS-CBN News
Posted at Jan 10 11:45 AM

The trade deficit declined by 18 percent to $3.34 billion November compared to the same month in 2018. Total external trade for the month shrank to $14.54 billion, the Philippine Statistics Authority said. Read more »

PH trade deficit shrinks amid flat exports, falling imports

ABS-CBN News
Posted at Dec 10 06:47 PM

The Philippines' total external trade also shrank 6.7 percent in October as exports remained almost flat while imports fell, the Philippine Statistics Authority said on Tuesday.  Read more »

Trade deficit narrows to $3.12 billion September

ABS-CBN News
Updated as of Nov 06 04:12 PM

The trade deficit totaled $3.12 billion in September from $4.02 billion during the same month in 2018. The shortfall was at $2.41 billion in August this year.  Read more »