Insights 
INVESTMENT STRATEGY
THE BASICS
Downloads
DOWNLOAD
DOWNLOAD
DOWNLOAD
View all Reports
Economic Updates
Monthly Economic Update: Back-to-back cuts
DOWNLOAD
Reports
Back-to-back cuts: BSP follows Fed action
DOWNLOAD
Economic Updates
Inflation settles at 2.5% despite food-price uptick
DOWNLOAD
Follow us on our platforms.
Economy
1 MIN READ
Philippines July trade deficit hits record high USD 5.93 billion
September 9, 2022
By Reuters
By Reuters
MANILA, Sept 9 (Reuters) – The Philippines posted a record high trade deficit of USD 5.93 billion in July, as the value of imports increased at double-digit pace while exports contracted, government data showed on Friday.
Imports rose 21.5% from a year earlier to USD 12.1 billion, while exports fell 4.2% to USD 6.2 billion, the Philippine Statistics Authority said
(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Martin Petty)
This article originally appeared on reuters.com