Philippine Trade Gap Narrows
Philippine Trade Gap Narrows

Philippine Trade Gap Narrows

Philippine Trade Gap Narrows

The Philippine balance of trade in goods continued to register a deficit in July—albeit narrower than in previous months—as imports continued to outpace exports, the Philippine Statistics Authority reported on Tuesday, GMANews reported. “The country’s balance of trade in goods registered a $1.65 billion deficit in 2017, lower than the $2.37 billion in July 2016,” the PSA said. Data released by the PSA showed imports totaled $6.93 billion, or 3.2% lower than the $7.16 billion in the same comparable period. “The decrease was due to the negative performance of five out of the top ten major import commodities for the month,” the PSA said. These include iron and steel, electronic products, plastics in primary and non-primary forms, miscellaneous manufactured articles, and industrial machinery and equipment. Exports amounted to $5.28 billion, up 10.4% from $4.79 billion year-on-year. “This was attributed to the increase in growth of six out of the top ten major commodities for the month,” according to the PSA.


Short URL : https://goo.gl/9h3efk
  1. https://goo.gl/6cdiuo
  • https://goo.gl/YGg9sG
  • https://goo.gl/DYdDu3
  • https://goo.gl/NASbKd
  • https://goo.gl/iA4u4u

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Add new comment

Read our comment policy before posting your viewpoints