Philippines posts US$4.53bil trade deficit for April

MANILA (Reuters): The Philippines posted a trade deficit of US$4.53 billion for April, preliminary official data showed on Friday (June 9).

Imports in April fell 17.7% to $9.43 billion from a year earlier, the deepest decline recorded since May 2020.

Exports shrank 20.2%, the biggest decline since May 2020, to $4.9 billion, falling for a fifth successive month, the Philippine Statistics Authority said.

The World Bank this week flagged high global inflation and a weaker economy as downside risks to the Philippines including its exports.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Philippines , trade , deficit , April


Next In Aseanplus News

Japan survive China fightback to set up North Korea football final
Adekoya bounces back from doping ban to win Asian Games hurdles gold in Hangzhou
Asean news headlines as at 9pm on Tuesday (Oct 3)
Games-Indonesian strongman sets weightlifting world record in Hangzhou
Floods hit 4,000 homes in central Thailand
Vietnam property developer accused of US$1.2bil bond fraud
Malaysia's sprint queens win Asian Games 4x100m bronze medal
Myanmar approves six new investment proposals
Filipino gymnast Aleah Finnegan secures Paris Olympics ticket
Apple enforces new check on apps in China as Beijing tightens oversight

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read