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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 »

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 »

Rising US exports shrink trade deficit; China imports fall

Douglas Gillison, Agence France-Presse
Posted at Sep 05 06:50 AM

A bump in US exports helped shrink America's yawning trade deficit in July while imports from China continued to fall amid the two nations' trade war, government data showed Wednesday.  Read more »

Trade deficit shrinks in June as exports rebound

ABS-CBN News
Posted at Aug 07 12:26 PM

Exports reached a total of $6.01 billion, reflecting a 1.5 percent increase compared to the $5.92 billion in June 2018, according to the data released by the Philippine Statistics Authority. Read more »

Peso strengthens as April trade gap falls below forecast

ABS-CBN News
Updated as of Jun 11 05:11 PM

The peso ended stronger against the dollar on Tuesday after official data showed that the trade deficit in April was smaller than expected. Read more »

Trade gap widens in February

ABS-CBN News
Updated as of Apr 11 12:25 PM

The shortfall of $2.79 billion was larger than the $2.54 billion posted in February 2018, PSA data showed. Total trade in goods rose 1.2 percent to $13.14 billion during the same comparable period. 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 »

US trade deficit surges to 10-year high in 2018

Douglas Gillison, Agence France-Presse
Posted at Mar 07 07:24 AM

The skyrocketing US trade deficit last year hit the highest level in a decade, a resounding failure for President Donald Trump's global trade offensive, government data showed Wednesday. Read more »

Dissecting Data: Trade deficit narrows in Dec but widens to record in 2018

ABS-CBN News
Posted at Feb 12 08:50 PM

The Philippines' trade deficit narrowed to a three-month low in December last year. But the $41.4 billion trade gap booked for the whole of 2018 was also the widest on record.    Read more »

December trade deficit narrows to 3-month low as imports dive

Reuters
Posted at Feb 12 01:14 PM

In December, imports dived 9.4 percent to $8.5 billion, their largest decline in more than 6 years. Read more »

Trade deficit widens to $3.9 billion in November 2018

ABS-CBN News
Updated as of Jan 10 12:01 PM

Imports grew 6.8 percent to $9.47 billion in November from $8.86 billion compared to November 2017, government data showed.  Read more »

Trade deficit widens in September as exports decline

ABS-CBN News
Posted at Nov 07 05:01 PM

The country's trade deficit widened in September as exports declined while imports surged, the Philippine Statistics Authority (PSA) said on Wednesday. Read more »

PH trade deficit stays above $3 billion, imports up 11 percent

ABS-CBN News
Updated as of Oct 10 04:27 PM

The Philippines' trade deficit stayed well above $3 billion for the fifth month in a row in August as import growth outpaced exports, government data showed on Wednesday. Read more »