Philippines' June Trade Deficit Widens as Imports Outpace Record Exports
Economy

Philippines' June Trade Deficit Widens as Imports Outpace Record Exports

The Philippines' trade deficit in June widened by 12% year-on-year to $4.94 billion, as imports outpaced record-high exports. The trade deficit also expanded in the first half of the year.

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  • PH Trade Deficit Widens in June Amid Record Exports

    The Philippines' trade deficit widened by 12.3% year-on-year to $4.9 billion in June, as import growth outpaced a record surge in exports. Despite the record outbound shipments, the deficit remained at its narrowest in four months.