Trade shortfall widens to $2.4B in January

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 12 Mar 2021 16:25:21 +0000

The country’s trade deficit expanded to its largest level in a year in January as imports outpaced exports, the Philippine Statistics Authority (PSA) reported on Friday. Data from the statistics agency showed that the value of inbound shipments fell by 14.9 percent year-on-year to $7.91 billion and outbound ones declined by 5.2 percent to $5.48 […]

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Trade deficit soars to $2.42B in Jan

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 12 Mar 2021 06:09:00 +0000

THE country’s trade gap in January widened in one year as the value of imports remained higher than exports, Philippine Statistics Authority (PSA) data showed on Friday. According to the statistics agency, inbound and outbound shipments plunged by 14.9 percent year-on-year to $7.91 billion and by 5.2 percent to $5.48 billion respectively. This resulted in […]

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Trade gap shrinks to $2.18B in Dec

Credit to Author: Anna Leah E. Gonzales| Date: Wed, 27 Jan 2021 16:57:58 +0000

The country’s trade deficit shrank year-on-year to $2.18 billion last month as both imports and exports fell, the Philippine Statistics Authority (PSA) reported on Wednesday. Data from the statistics agency showed that the amount was a 26.4-percent contraction from $2.9 billion in December 2019, but was 23.3 percent wider than November’s $1.7 billion. Inbound shipments […]

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Trade deficit shrinks over 50% in October

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 10 Dec 2020 17:57:34 +0000

The country’s trade gap narrowed by more than 50 percent year-on-year in October as both exports and imports dropped, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the state-run statistics agency showed that the balance of trade in goods in the 10th month reached a shortfall of $1.78 billion, down 50.3 percent […]

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PH trade deficit narrows in Sept

Credit to Author: Anna Leah E. Gonzales| Date: Wed, 04 Nov 2020 16:26:37 +0000

The country’s trade gap shrank in September from its month- and year-earlier figures as imports outpaced exports, the Philippine Statistics Authority (PSA) reported on Wednesday. Preliminary data from the statistics agency showed that inbound shipments in the month contracted for the 17th straight month to $7.92 billion, 16.5 percent smaller than the $9.48 billion in […]

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Trade gap narrows to $1.3B in June

Credit to Author: Anna Leah E. Gonzales| Date: Wed, 05 Aug 2020 16:28:34 +0000

The country’s trade deficit shrank to $1.30 billion in June from a month and a year earlier as exports and imports continued to fall by double digits, the Philippine Statistics Authority (PSA) reported on Wednesday. Data from the statistics agency showed that the gap was 1.5 percent and 50.6 percent smaller than the $1.32 billion […]

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Trade deficit down by 48.9% in May

Credit to Author: Anna Leah E. Gonzales| Date: Fri, 10 Jul 2020 02:53:01 +0000

THE country’s trade deficit declined by 48.9 percent to $1.87 billion in May this year from $3.64 billion a year ago, the Philippine Statistics Authority (PSA) reported on Friday. PSA data showed that the deficit in May was however higher than the $448.7 million reported in April. Export sales plunged to $3.99 billion, down by […]

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March trade gap narrowed to $2.38B

Credit to Author: Anna Leah E. Gonzales| Date: Wed, 06 May 2020 16:46:20 +0000

The country’s trade deficit shrank in March from a year earlier, but ballooned from the month before, as both exports and imports fell by more than 20 percent, the Philippine Statistics Authority (PSA) reported on Wednesday. Preliminary data from the statistics agency showed that the latest gap reached $2.38 billion, smaller than the $3.33 billion […]

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Trade gap shrinks further in October

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 10 Dec 2019 18:29:41 +0000

THE country’s trade deficit continued to narrow in October from a year ago, but slightly widened from September, the Philippine Statistics Authority (PSA) reported on Tuesday. Data from the statistics agency showed that imports dropped by 10.8 percent year-on-year to $9.56 billion, while exports climbed by 0.1 percent to $6.31 billion. As a result, the […]

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