Philippines trade deficit at $4.69 billion in November

January 10, 2024 - 12:39 PM
Shipment to Canada
The ship Anna Maersk is docked at Roberts Bank port carrying 69 containers of mostly paper and plastic waste returned by the Philippines in Vancouver, British Columbia, Canada June 29, 2019. (Reuters/Jason Redmond)

The Philippines posted a trade deficit PHTBAL=ECI of $4.69 billion for November, preliminary official data showed on Wednesday.

Imports PHIMP=ECI in November rose just 0.02% to $10.82 billion from a year earlier, while exports PHEXP=ECI dropped 13.7% to $6.13 billion, the Philippine Statistics Authority said.

— Reporting by Neil Jerome Morales and Mikhail Flores; Editing by Christopher Cushing