Tag: imports
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Electronics sales fuel export surge in June, trade deficit narrows
Philippine exports soared 26 percent year-on-year in June 2025 to USD7.02 billion, driven by a sharp rise in electronic product shipments, which helped narrow the country’s trade deficit to USD3.95 billion from USD 4.34 billion a year earlier, according to data from the Philippine Statistics Authority (PSA).
Philippines trade gap narrows in May on strong export growth
The Philippines’ trade deficit narrowed to USD 3.29 billion in May from USD 4.73 billion a year earlier—an improvement also over April’s USD 3.79 billion trade gap—due to strong export growth and softer import values, the Philippine Statistics Authority (PSA) reported Friday.
Trade deficit widens to USD4.13B in March
The Philippine trade deficit widened further to USD4.13 billion in March, as export growth failed to keep pace with the double digit expansion in imports, the Philippine Statistics Authority said Wednesday.
Agricultural trade deficit widens amid strong export growth
The Philippines' agricultural sector saw a rise in export revenue in February 2025, totaling USD691.92 million—up 21 percent from the previous year's USD572.32 million.
