Advertisements


Trade deficit widens to a record $41 billion

Trade deficit widens to a record $41 billion.....»»

Category: financeSource: thestandard thestandardFeb 12th, 2019

Trade gap widens to record $4.2B in October | Inquirer Business

The trade deficit widened to a record $4.2 billion in October as the jump in imports, especially of food products, outpaced exports. The post Trade gap widens to record $4.2B in October appeared first.....»»

Category: newsSource:  philippinetimesRelated NewsDec 11th, 2018

Trade gap widens as imports surge

A sustained double-digit jump in imports and a continued decline in merchandise exports widened the trade deficit to a record-high $4.02 billion in December. Preliminary data released by the Philippine Statistics Authority Friday showed that the value of imported goods last December jumped 17.6 percent to $8.74 billion. On the other hand, exports of Philippine-made goods that month declined 4.9 percent to $4.72 billion. The total external trade in goods rose 8.6 percent to $13.46 billion in December last year. The country's chief economist, Socioeconomic Planning Secretary Ernesto M. Pernia, earlier said that the sustained wider trade in goods deficit was "not good, but trans...Keep on reading: Trade gap widens as imports surge.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2018

Trade deficit widens in December

Trade deficit continued to widen in December, bringing the gap to another record high as exports contract for the first time in more than a year and as imports post double-digit growth. Exports declined by 4.9% to $4.721 billion in December, a turnaround from the previous month’s 2.7% growth and the 6.6% posted in the […] The post Trade deficit widens in December appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 9th, 2018

Trade gap widens in November 2018 as exports contract

An unexpected contraction in exports and the continued growth in imports widened the country’s trade deficit to $3.9 billion in November from the $3.28 billion gap a year earlier, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2019

Reducing trade gap with vehicle export

The Department of Trade and Industry (DTI) aims to make the Philippines a vehicle production hub and exporter in the ASEAN region through an export program also seen addressing the widening trade imbalance. The trade imbalance in the Philippines hit $4.21-billion, a record high in October, or 62.9 percent larger than the $2.59 billion deficit […].....»»

Category: newsSource:  tribuneRelated NewsDec 13th, 2018

Merchandise trade deficit widens further in October

By Jochebed B. Gonzales, Senior Researcher The country’s merchandise trade deficit continue to widen in October as imports grew faster than exports, the government reported this morning. Preliminary data from the Philippine Statistics Authority showed the October trade deficit at $4.212 billion, bigger compared to $3.723 billion in September and $2.585 billion in October last […].....»»

Category: financeSource:  bworldonlineRelated NewsDec 11th, 2018

Trade gap widens as import surge continues

The trade-in-goods deficit in September widened to the biggest so far this year as imports sustained a double-digit jump while exports declined, putting further pressure on the peso. The country's chief economist said he expected the entry of imported goods to continue on the back of strong manufacturing and investment flows. Preliminary Philippine Statistics Authority (PSA) data released Wednesday showed that merchandise exports in September dropped 2.6 percent year-on-year to $5.83 billion as shipments of the following commodities declined: coconut oil (down 36.4 percent), machinery and transport equipment (down 30.4 percent), ignition wiring set used in vehicles, aircraft and sh...Keep on reading: Trade gap widens as import surge continues.....»»

Category: newsSource:  inquirerRelated NewsNov 7th, 2018

Goods trade gap widens further in September

THE CONTINUING surge of merchandise imports and drop in products sold abroad pushed the country’s trade in goods deficit further towards the $4-billion mark in September, the Philippine Statistics Authority (PSA) said on Wednesday on the eve of its third-quarter gross domestic product (GDP) report......»»

Category: financeSource:  bworldonlineRelated NewsNov 7th, 2018

Trade gap widens to $3.93 billion in Sept 2018

Philippine imports hit an all-time high in September while exports remained weak, bringing the trade deficit to $3.93 billion, the highest in nine months amid sustained purchase of capital goods needed for the government’s ambitious infrastructure program, the Philippine Statistics Authority reported yesterday, a day before the release of third quarter economic performance......»»

Category: financeSource:  philstarRelated NewsNov 7th, 2018

Trade gap widens to $18.9 billion in first half of 2018

The country’s trade deficit widened to $18.94 billion in the first semester of the year as imports continued to significantly outpace exports, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsOct 10th, 2018

Trade gap widens to $3.55B in July

The trade deficit widened to $3.55 billion in July, the government reported on Tuesday, as double-digit imports growth outpaced an exports recovery. Total external trade in goods hit $15.25 billion, the Philippine Statistics Authority (PSA) said, up 17.5 percent from a year earlier. Total exports grew by 0.3 percent to $5.85 billion while imports surged [...] The post Trade gap widens to $3.55B in July appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 11th, 2018

Trade gap widens in July amid flat export growth

By Carmina Angelica Valeroso-Olano, Researcher The country’s trade deficit continues to grow in July as imports continued its accelerated growth pace while export growth was flat. Exports grew by 0.3% to $5.85 billion in July, slower than the 2.8% growth in June and 21.9% in July 2017. The country’s balance of trade in goods expanded to […] The post Trade gap widens in July amid flat export growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 11th, 2018

Trade gap widens to year-high $3.7 billion in May 2018

The country’s trade deficit widened by 48 percent in May to a year-high $3.7 billion as exports continue to plunge and imports keep growing, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2018

Agriculture trade deficit widens in Q1 2018

MANILA, Philippines – The country's agriculture trade deficit further expanded in the 1st quarter of 2018, according to the Philippine Statistics Authority (PSA) . The PSA said the deficit in external trade widened by 41% to $1.83 billion from $1.29 billion in the same period last year. This is the widest agriculture ........»»

Category: newsSource:  rapplerRelated NewsJul 2nd, 2018

Agri trade deficit widens in Q1

The deficit in the external trade of Philippine agricultural products widened by 41 percent to $1.83 billion in the first quarter as imports rose and exports declined, the Philippine Statistics Authority (PSA) reported over the weekend......»»

Category: financeSource:  philstarRelated NewsJul 1st, 2018

PH trade gap widens as imports accelerate

THE country’s trade deficit more than doubled in April from a year earlier as imports surged and exports fell for a fourth consecutive month. The Philippine Statistics Authority (PSA) reported on Friday that exports dropped by 8.5 percent to $5.11 billion while imports grew by 22.2 percent to $8.73 billion, bringing the balance of trade to… link: PH trade gap widens as imports accelerate.....»»

Category: newsSource:  manilainformerRelated NewsJun 9th, 2018

PH trade gap widens as imports accelerate

THE country’s trade deficit more than doubled in April from a year earlier as imports surged and exports fell for a fourth consecutive month. The Philippine Statistics Authority (PSA) reported on Friday that exports dropped by 8.5 percent to $5.11 billion while imports grew by 22.2 percent to $8.73 billion, bringing the balance of trade to [...] The post PH trade gap widens as imports accelerate appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 9th, 2018

Trade gap widens as exports drop to its lowest in almost two years

The Philippines’ trade deficit expanded in April as imports grew by double-digits while exports contracted for the fourth straight month, the Philippine Statistics Authority reported this morning. Exports declined 8.5% to $5.11 billion in April, lower than the 6.8% contraction posted in March and a far cry from the 30.4% growth in April 2017. This […] The post Trade gap widens as exports drop to its lowest in almost two years appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 8th, 2018

Trade deficit widens to $2.61 billion in March 2018

The country’s trade deficit widened by 24 percent to $2.61 billion in March as imports continued to outgrow exports for the fifth straight month, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

Trade deficit widens to $2.61 billion in March 2018 - Philippine Star

Trade deficit widens to $2.61 billion in March 2018 - Philippine Star.....»»

Category: newsSource:  googlenewsRelated NewsMay 9th, 2018