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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 »

Trade deficit widens in July, snaps 2 months of decline

ABS-CBN News
Posted at Sep 10 10:08 AM

July trade deficit rose to $3.39 billion from $2.47 billion in June, 15.5 percent lower compared to the $4.02 billion total for the same period last year, data from the Philippine Statistics Authority showed.  Read more »

External trade down 3 percent in May as imports fall

ABS-CBN News
Updated as of Jul 10 04:33 PM

Philippine foreign trade fell 3 percent in May compared to the same month last year as the expansion in exports failed to make up for shrinking imports, the Philippine Statistics Authority said on Wednesday. Read more »

PH posts balance of payments surplus in April

ABS-CBN News
Posted at May 20 03:19 PM

The Philippines posted a balance of payments surplus of $467 million in April, reversing a $270 million deficit posted in the same month last year.  Read more »

PH books $627-M balance of payments surplus in March

ABS-CBN News
Posted at Apr 17 04:25 PM

The Philippines booked a balance of payments (BOP) surplus of $627 million in March 2019, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Trade deficit widens to $3.76 billion in January

ABS-CBN News
Posted at Mar 12 03:53 PM

Exports in January totaled $5.28 billion compared to $9.03 billion in imports, resulting in a deficit of $3.76 billion, the PSA said. This was wider than the $3.16 billion deficit during the same month in 2018.  Read more »