Philippines’ trade deficit widens slightly to $4.22 billion in January

March 12, 2024 - 4:46 PM
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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’ trade deficit PHTBAL=ECI widened slightly to $4.22 billion in January from the previous month’s $4.18 billion, preliminary official data showed on Tuesday.

Imports PHIMP=ECIfell 7.6% to $10.16 billion from a year earlier, while exports PHEXP=ECIgrew 9.1% to $5.9 billion, the Philippine Statistics Authority said.

— Reporting by Karen Lema; Editing by Kanupriya Kapoor