Tag: trade deficit
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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).
Trade deficit in agricultural goods narrows in May—PSA data
The Philippines saw the trade deficit for agricultural goods trade narrowed in May, as exports of farm goods rise and the value of imports declined during the period.
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.
Trade deficit narrows sharply in February, but U.S. tariff threat looms
The country's trade deficit narrowed significantly in February 2025 to USD 3.2 billion, down from USD5.1 billion in January and USD3.6 billion in the same month last year, according to data released by the Philippine Statistics Authority.
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.
