News

Dissecting Data: What's behind the Philippines' widening trade deficit?

ABS-CBN News
Updated as of Sep 12 05:22 AM

The country’s trade deficit widened to $3.55 billion in July as imports continued to outpace exports, government data released Tuesday showed. Read more »

U.S. drops agriculture demand from NAFTA talks -Mexico farm lobby

Sharay Angulo, Reuters
Posted at Aug 20 05:50 AM

The United States has dropped a contentious demand from the renegotiation of the North American Free Trade Agreement to impose restrictions on Mexican agricultural exports, Mexico's top farm lobby said on Sunday. Read more »

Trade deficit at $3.35 billion in June

ABS-CBN News
Updated as of Aug 08 05:40 PM

The June trade deficit was lower than the $3.7 billion deficit in May but was higher than $1.59 billion during the same month in 2017, the Philippine Statistics Authority said. Read more »

Creative industries need gov't support to grow: Euro chamber

ABS-CBN News
Updated as of Jul 26 03:21 AM

Creative industries in the Philippines, which export items like handicrafts and handwoven cloth, need more government support to thrive, the head of a European business group said Wednesday.  Read more »

Trade deficit rises to 5-month high in May

Reuters
Updated as of Jul 10 04:22 PM

Imports grew 11.4 percent in May, slower than the previous month's revised 23.1 percent annual pace, while exports declined 3.8 percent in May, less than the previous month's revised 4.9 percent contraction. Read more »

New export markets for Filipino food products eyed

Angelo G. Garcia
Posted at Jun 13 12:12 PM

The Department of Trade and Industry (DTI) is hoping to develop new markets for Filipino food products in some European countries, including Switzerland, Liechtenstein, Norway, and Iceland. Read more »

Electronics manufacturers eye $100 billion annual shipments by 2030

ABS-CBN News
Updated as of Jun 11 02:02 PM

Filipino electronics manufacturers hope to triple annual exports to $100 billion by 2030 by catering to demand from artificial intelligence, big data and driverless cars, the head of an industry group said Monday. Read more »

Exports ng Pilipinas, muling bumaba

ABS-CBN News
Posted at Jun 09 03:14 AM

Ito'y sa kabila ng paghina ng piso kontra dolyar. Read more »

PH can boost exports of cocoa products to Europe, businessman says

ABS-CBN News
Posted at May 31 03:51 AM

Guenter Taus, president of the European Chamber of Commerce believes the Philippines can further boost its exports of cocoa products worldwide, especially the European Union.  Read more »

Dissecting Data: What led to narrower trade gap in March?

ABS-CBN News
Updated as of Aug 07 07:06 PM

The Philippines posted a narrower trade deficit in March even as export figures continued to decline. Read more »

ANALYSIS: Time to take ‘overheating’ warnings seriously

Jose Galang — Your Business
Posted at Apr 27 01:19 PM

The time has come for the Duterte economic managers to take a closer, more serious look at the warnings about an economic overheating. Read more »

PH trade deficit widens as exports fall, imports rise double-digit

ABS-CBN News
Updated as of Apr 11 04:33 PM

The Philippine trade deficit reached $3.06 billion in February according to the exports and imports data released by the Philippine Statistics Authority on Wednesday. Read more »

China bans exports of 'dual use' items to North Korea

Reuters
Posted at Apr 09 05:19 PM

China has banned the export to North Korea of some items with potential dual use in weapons of mass destruction, the Chinese Ministry of Commerce said in a statement on its website. Read more »

Peso, under pressure from trade gap, hovers at P52:$1

ABS-CBN News
Posted at Mar 16 09:35 AM

The peso will remain under pressure from the widening trade deficit, notwithstanding strong growth in remittances last January, ING Bank said Friday. Read more »

China seeks more exports from PH

ABS-CBN News
Posted at Mar 15 11:39 PM

Amid improved bilateral ties, China is seeking more exports from the Philippines to address a trade imbalance. Read more »

China seeks more exports from Philippines

Michelle Ong, ABS-CBN News
Posted at Mar 15 01:55 PM

China's top envoy to the Philippines on Thursday called for more exports from its new ally to address a trade imbalance. Read more »

Trade deficit in January widens below forecast

ABS-CBN News
Updated as of Mar 09 05:29 PM

The expansion in the Philippines' trade deficit in January was lower than expected, as exports posted surprise growth while imports grew slower than forecast, official data released Friday showed. Read more »

US trade deficit hits 9-year high on falling exports

Douglas Gillison, Agence France-Presse
Posted at Mar 08 08:10 AM

The US trade deficit swelled in January to its highest level in nearly a decade as oil prices rose and the world's biggest economy sold fewer aircraft, government data showed Wednesday. Read more »

ANALYSIS: The perils of a surging trade imbalance with China

Jose Galang -- Your Business
Posted at Feb 13 01:20 PM

Economic managers of the Duterte administration are turning a blind eye to potentially harmful effects of a ballooning imbalance in the country’s trade with China. Not only is this deficit contributing to the weakness of the Philippine peso, Chinese exports could also further drive inflation which last month jumped to a nearly four-year high. Read more »

Peso slides as trade deficit widens to record

Karen Lema, Reuters
Updated as of Feb 09 02:55 PM

The peso on Friday weakened to near its lowest level in over 11 years against the dollar, after the government reported that it had the largest deficit on record in 2017. Read more »