trade-deficit | 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 »

Philippines to aim for high value exports: DTI

Wena Cos, ABS-CBN News
Posted at Aug 31 06:41 PM

The Philippines will aim to export higher value products apart from commodities and intermediate goods as it attempts to narrow its trade deficit, the DTI said. 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 »

PH trade deficit widens in May

ABS-CBN News
Updated as of Jul 12 11:05 AM

The country’s trade deficit widened in May as the growth in imports outpaced exports, data from the Philippine Statistics Authority released Tuesday showed. Read more »

PH current account deficit to widen: Fitch Solutions

ABS-CBN News
Posted at Jul 11 05:43 PM

Fitch Solutions said it expects the Philippines’ current account deficit to further widen because of higher food and energy prices. Read more »

PH external trade up 24 pct in Nov, deficit also up 119.5 pct

ABS-CBN News
Posted at Jan 11 02:27 PM

The Philippines’ external trade grew in November last year, but the trade deficit grew at an even faster pace, the state statistics bureau said on Tuesday. 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 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 »

US trade deficit widens as exports fall to lowest level since 2009

Reuters
Posted at Jul 02 11:16 PM

The US trade deficit widened in May as the COVID-19 pandemic pushed exports to their lowest level since 2009, strengthening expectations the economy will contract in the second quarter at its steepest pace since the Great Depression. 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 »

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 »