logo
  

Philippine Trade Deficit Widens In February

The Philippine trade deficit widened in February from the last year, as imports rose more than exports, the Philippine Statistics Authority showed on Friday.

Exports rose 15.0 percent yearly in February, following a 9.0 percent increase in January. This was the highest since August last year, when exports grew 18.9 percent.

Imports grew 20.1 percent annually in January, after a 27.7 percent gain in the previous month.

The trade deficit increased to $3.529 billion in February from $2.707 billion in the same month last year. In January, the deficit was $4.715 billion.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT